![]() ![]() Don’t forget the standard business coverages. ![]() What happens then when you are held liable? Errors and omissions liability insurance (E&O) offers coverage to help with the costs of legal defenses and paying damages resulting from E&O claims, making E&O coverage an important part of your warehousing and logistics insurance policy. For example, a delay in a shipment could result in a breach of contract. From tracking inventory to processing shipments, there is a lot of room for error in your business. Here are the different types of warehouses that may benefit from this type of policy:Īs mentioned before, your warehousing and logistics business relies on well-planned operations. When putting together your warehousing and logistics insurance plan, investing in business interruption insurance and contingent business interruption insurance may help keep you protected from unexpected and covered perils. If you or a contingent business is forced to shut down or relocate due to a covered peril, you could face significant financial losses during that downtime. Warehousing and logistics involve a lot of fine-tuned processes, not only within your business but with the contingent businesses you rely on. ![]() What happens if you or a contingent business shuts down? Equipment breakdown insurance as part of your comprehensive warehousing and logistics insurance coverage can help cover repair and replacement costs-and sometimes the costs of damaged goods-so you can be back up and running in no time. From conveyor belts and forklifts to sorters and more, if even one part of your process breaks down or malfunctions, your business could face many unexpected costs. Your business relies on the equipment you use to keep running. Protection for your expensive and necessary equipment. ![]()
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