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Tailored warehouse insurance for your business. Maximum coverage, minimum cost.
As a warehouse owner, your clients rely on you to store their products safely. But if your warehouse end up damaging your clients’ goods, you can face the threat of expensive compensation demands, or even lawsuits. Warehouses are prone to risks like fire or water damage. If you have warehouse equipment – like chillers – these can break down, and be expensive to repair. Warehouse staff are also prone to injuries while handling goods.
With Provide, you can build yourself a tailored warehouse insurance policy. Get comprehensive coverage against product damage, property/equipment damage, employee injuries/infectious diseases, and more.
What insurance do warehouses need?
Property all risks insurance: Coverage for risks like fire, water leaks, burglary, etc. Protects your premises, manufacturing equipment, and inventory.
For instance, a fire in your factory breaks and destroys the premises. This insurance will pay for repairing your factory, replacing your manufacturing equipment, and replacing the damaged inventory.
Machinery/equipment breakdown insurance: Coverage for breakdowns of warehouse equipment, e.g. industrial chillers, forklifts, HVAC systems, etc.
Warehouses will often combine this with Property all risks insurance. Property insurance covers risks like fire, whereas breakdown insurance covers sudden breakdowns (e.g. due to equipment malfunction, electrical faults, etc.)
Public liability insurance: Coverage if third-parties injure themselves in your business premises.
For instance, one of your staff leaves a puddle on the floor. A customer slips and falls in your restaurant. They can sue you for personal injury damages and medical expenses incurred.
Work injury insurance: Coverage for employee injuries/infectious disease, including Covid-19 infections.
For instance, one of your staff gets Covid-19 after interacting with customers, and spreads it to all your other staff. This insurance will pay for lost wages while quarantined, medical expenses, and legal expenses if your workers sue you for creating an unsafe work environment.
Get started on a quote, or drop us a message to start crafting your own custom policy.Food
What are the major risks warehouses face?
Damage to warehouse premises, equipment, and inventory. Fire damage is a major risk for warehouses.
Equipment breakdowns. Warehouses with chilling facilities that store perishable goods are very vulnerable to this.
Expensive compensation demands / lawsuits due to products being damaged while stored in your warehouse.
Death, injury or illness of employees. You’ll need Work Injury Compensation Insurance to cover this.
- Injuries to people when in your premises. These people could be clients, suppliers, or business partners – essentially anyone who isn’t an employee. For instance, if a supplier comes to factory to deliver goods and falls, they can sue you for personal injury damages and medical expenses.
What are the benefits of using Provide for warehouse insurance?
Provide gets you tailored online quotes for warehouse insurance, at the lowest premiums.
Save up to 25% on premiums
Save time with our convenient online platform to easily get quotes, file claims, and manage policies
Expert insurance team with 20+ years experience serving both SMEs and large multinational firms
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