If you own or run a warehouse then it's essential to have the right insurance in place to protect your premises, stock, equipment and staff as these are key elements to your business continuity. Whether you are storing extra stock for your own business, raw materials, or goods ready for distribution, warehouse insurance can protect against a variety of unforeseen events, from property damage to public liability claims.
There are a number of risks that can lead to claims within a warehouse, so stock insurance may not be your only consideration. Goods stored on racking or at height can pose a risk to employees or visitors, as well as moving and transporting these goods within the warehouse. If you have employees stacking shelves, or visiting the site, then you will need to take out employers’ liability insurance. This can safeguard your business against compensation claims and legal costs, should a member of staff sustain an injury in the warehouse due to your negligence.
If you have customers or suppliers, or even members of the public visiting your warehouse, then public liability cover will need to be included alongside your stock insurance. This will typically cover accidental injury and accidental damage to their property, so if stock fell from some shelving injuring them; your public liability insurance would cover awards for damages and the legal costs associated with such claims.
If you have other considerations such as fork lifts or delivery vehicles, then we can help you source additional insurance to give you comprehensive protection, such as engineering inspection cover or business van insurance.
The insurance solutions we can arrange for your warehouse are flexible enough to be tailored to your specific needs and can cover the risks your business faces on a day-to-day basis. For example, if you need to protect your stock as well as your building, you can choose to add business stock insurance. If you are moving goods from one premises to the next, then you may wish to consider goods in transit cover, which will typically include cover for a proportion of your stock that is stored away from your main business premises.
Whether you have a large warehouse or a small lock up unit, we can arrange warehousing insurance and stock insurance that is tailored to your needs. So even if your insurance needs aren’t simple, arranging your warehouse insurance can be. Speak to one of our advisors today to get some valuable advice and a tailored warehouse insurance solution.