Factory and warehouse Insurance is a valuable benefit in an industrial set up used for manufacturing and storage of goods. It considers any financial loss due to damage of goods, building or machinery in and outside premises.
Advantages of Factory and Warehouse Insurance:
- Comprehensive Cover
- Multiple Location Coverage
- Customized Cover
- Easy Documentation
Benefits of Factory and Warehouse Insurance:
- Wider Array of Risks
- Indemnification for Increased Expenses
- Comfort to Lenders
What are the coverage offered under factory and warehouse insurance?
Factory and warehouse insurance covers all your contents and stocks by various risks such as fire, explosion, implosion, natural calamities like earthquake, flood, storm. Then there are additional coverages such as burglary & theft, mechanical & electronic breakdown, all risk laptop insurance and money insurance which can also be covered under factory insurance.
Does factory and warehouse insurance cover third party liability?
- - One of the major advantage of factory and warehouse insurance is that a single umbrella policy can cover many risks. A third party bodily injury and property damage in your factory insurance can also be covered along with other basic coverages in factory insurance policy. Policy would pay the lawyer's fees to defend third party claims, and compensation awarded by the court.