Inventory Storage in New York, NY, Los Angeles, CA and Phoenix, AZ
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Inventory Storage Information
If you’re an e-commerce seller, you likely have inventory that you need to store. In most cases, this inventory is stored at a third-party warehouse. Because this inventory directly relates to your business and your income, you need to protect it. One way to do this is with inventory storage insurance.
What Is Inventory Storage Insurance?
Inventory storage insurance is a specialized type of insurance that e-commerce brands may purchase to gain a layer of financial protection should something happen to their inventory stored at a third-party warehouse. Many warehouses do not replace or repair damaged stock stored at their site.
What Is Covered Under Inventory Storage Insurance?
Every inventory storage insurance policy is different, so it’s essential to review each specific policy carefully to understand your coverage fully. Coverage may include protection against theft or damage of inventory. Depending on the policy, some policies may also include protection for inventory that becomes expired while in storage.
You may also want to consider purchasing inland marine insurance, business interruption insurance and general liability insurance to help round out your insurance coverages.
Do I Need Inventory Storage Insurance?
Depending on the site where you store your inventory, you may be required to purchase inventory storage insurance. Insuring your inventory may help protect you from financial losses if your inventory becomes damaged or stolen.
Is Inventory Storage Insurance Expensive?
Inventory storage insurance costs will vary based on different factors, including the size of your inventory, the value of inventory, your claims history and where your inventory is stored. Speak with an agent today to learn more about what an inventory storage insurance policy may cost you.
Speak With an E-Commerce Insurance Expert Today
The team at Well Insurance specializes in providing insurance solutions to e-commerce companies across the country. Contact us today to discuss your inventory storage insurance solutions. Together, we can ensure that you have the insurance solutions you need.
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