Warehouse Legal Liability Insurance Solutions with LMBF
Warehouseman companies are in the business of storing property for others for a fee. The goods that your warehouse stores may vary in value - and if something happens to them, you could be held liable. Much of the time, warehouse customers and organizations will be required to have insurance on their own contents. This is imperative for damages or losses that are not resulting from the inaction or actions of your business. Your company’s warehouse insurance is designed to cover losses that your business indirectly was the cause of. LMBF can start you with a free warehouse quote today and help you get started on your coverage.
What Warehouse Insurance Coverage Offers
Damages to Stored Goods
Your warehouse insurance may cover your customer’s property if it is damaged due to insurable perils and/or as a result of your company’s negligence. If goods are damaged or destroyed due to your company’s actions, your warehouse insurance may help cover the costs.
Your warehouse insurance may include coverage for your company’s liability if it is accused of negligence causing loss or damages to stored goods. This may help cover legal expenses, settlement fees, and judgment awards.
Theft and Vandalism
Warehouses may be in the business of storing high-value goods, which are appealing for thieves. If your business is indirectly the cause of theft or vandalism to stored goods, your warehouse insurance may include coverage for the resulting losses.
- Storm damage
- Losses or damages from insects and vermin
- Criminal acts or acts of war
- Extremes of temperature
- Breakage, scratching
What is warehouse legal liability insurance?
Warehouseman’s legal liability insurance, or warehouse insurance, is a policy that covers warehouse businesses for claims of negligence in its day-to-day operations. Warehouse insurance may also cover damages to a customer’s property as a result of the warehouse’s business operations. A standard warehouse insurance policy may include common perils such as fire, theft, and vandalism, but may also come in the form of all-risk coverage.
Warehouse Legal Liability Insurance for These Enterprises:
- Freight road transportation
- Courier companies
- Trucking companies
- Agricultural machinery wholesale
- Audio and video equipment retailers
- Bakery product wholesale merchants
Professional Services Industry
Our Warehouse Legal Liability Insurance Partners
Warehouses serve as an integral component of the supply chain and, if something were to happen to them, many businesses and customers would be left in a difficult spot. There are numerous large challenges that warehouse enterprises face, from omni-channel fulfillment, small orders, labour shortages, to even shrinking delivery timeframes. LMBF wants to ensure your warehouse get the peace of mind it deserves with coverage fitted to its requirements, and it does so by partnering with some of Canada’s top warehouse legal liability insurance carriers. Get a free quote today to see how easy it can be to get comprehensive, affordable insurance.