Building and tenant improvements
Review this carefully when evaluating the insurance program and preparing a submission.
Warehouse Insurance
A warehouse can concentrate millions of dollars of property under one roof. Fire protection, storage configuration, customer goods and downtime can matter just as much as the building itself.
What to Think About
The policy should match how the business actually operates.
Coverage needs depend on the products, contracts, property values, transportation arrangements and services involved. These are some of the issues worth reviewing.
Fire & catastropheConstruction, sprinklers, commodity type, storage height and aisle configuration can influence property underwriting.
Forklifts & material handlingForklifts create both property-damage and employee-injury exposures.
Customer propertyGoods owned by customers may not be treated the same as the warehouse operator’s own inventory.
Business incomeA major loss can stop operations even when replacement inventory is available elsewhere.
Submission Checklist
Information that helps tell the story to underwriters.
Better information can help carriers understand the risk instead of making assumptions from a class code alone.
Racking, forklifts and warehouse equipment
Review this carefully when evaluating the insurance program and preparing a submission.
Owned inventory versus customer goods
Review this carefully when evaluating the insurance program and preparing a submission.
Business income and extra expense
Review this carefully when evaluating the insurance program and preparing a submission.
Related Distribution Topics
One exposure rarely stands alone.
Property, products, transit, customer goods and business income often overlap in a wholesale or distribution account.
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