People not familiar with its day-to-day operations often mistakenly think the only function of a warehouse is to store goods. In the same way, some warehouse operators also have a narrow view of what warehouse insurance has to offer them. The truth is that coverage can be just as diverse as the many jobs that happen inside.
Protected under any warehouse insurance policy is the contents of the building, whether owned by you or a client. . Examples of possessions covered include the following:
- Machinery such as forklifts and golf carts
- Computers and other electronics
- Hand trucks
- Fixtures and equipment
- Valuable papers and software
Liability insurance protects you from claims of personal injury or loss of property. This coverage is especially important when housing items that do not belong to you, or when employing multiple workers. It usually covers costs associated with the following claims:
- Employee dishonesty, including theft and forgery
- Personal injury by the general public while on the premises
- Goods transported by third parties
- Property inside trucks owned by you
Be sure that your warehouse insurance is adequate to protect the many aspects of your business. Your insurance agent can evaluate your existing policy and help you expand it into areas that may need additional coverage.