5 BEST REASONS TO GET WAREHOUSING LIABILITY INSURANCE
Protect Your Reputation
Plan For The Future
Prevent Financial Ruin
Get Peace of Mind
Choose Small Business Liability for the Right Insurance at the Right Price
There are more than 400,000 warehouses in the United States. Naturally, this many warehousing facilities means a lot of warehousing businesses. In addition, only about 20,000 of those warehouses have a building area that exceeds 100,000 square feet. This tells us something that you, as the owner of a small warehousing services business, already know.
Warehouse business operators are up against a lot of competition. This is especially true for the smaller warehousing companies.
Warehousing Business Challenges
Warehousing seems like a simple business, but it has its own set of challenges. Unlike large warehousing businesses that have the financial muscles to help in their operations, the small-scaled warehouse service providers often lack sufficient resources to grow their businesses. Does this sound familiar to you?
Of course, these are not the only challenges you face as the owner of a warehousing facility. When it comes to liability issues, a small business with limited resources needs protection from claims brought against it. Without adequate insurance coverage, you face the real danger of having to close your doors.
A big problem for many small warehousing and supply chain companies, is knowing which insurance is appropriate for this kind of small business. Without the right advice, you could end up selecting the wrong coverage or, worse yet, paying a high premium for coverage that you do not need.
“It will never happen to me!” AM I PREPARED IF IT EVER DOES?
As a warehouse storage operator, your business is entrusted with goods that belong to another. A company like yours that acts as a bailee requires insurance coverage for any damage or direct physical loss of the property in your care. You are liable if damage or loss occurs during any of your warehousing operations. For instance, if something should go wrong during packaging, cross-docking or storage.
Warehousing companies that get the right insurance coverage are able to bounce back when those unforeseen things happen.
What if …
A fire damages your warehouse or the contents thereof. Theft is another worry for in warehouse storage facilities. It could also be that an employee, customer or visitor is injured in one of your storage units and claims compensation.”
What Warehousing Business Operator Insurance Do I Need?
Commercial General Liability Insurance
Commercial Property Coverage
Loss of Income Coverage
Help Me Protect My Small Business!
Liability Insurance Coverage for Warehouse Operators
The right small business insurance package includes coverage for common risks faced by warehousing companies. For instance:
- Protection against damage or loss on tangible property. This includes items such as tools, computers, fork lifts or other property that is in your custody either in transit or in storage.
- Protection against physical damage to valuable data and records such as accounts receivable.
Ask us now!
At Small Business Liability, we assess your Warehousing Business insurance coverage needs before making any recommendations. We provide insurance coverage that suits you best, at the best rates. Contact one of our representatives today for the small business owners owners insurance.
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