Industries

Warehousing Insurance

Warehousing owners and operators are exposed to a wide variety of liabilities and PACE Insurance can provide a realistic and complete coverage solution to ensure continuity of your business when the unexpected happens.

Particular attention has to be given to a continuity plan and enough cover initiated to allow the business to quickly find alternative locations following a major loss.

Another major exposure for this industry is overseas suppliers. A majority of clients in this industry import goods from overseas and are heavily reliant on single or limited numbers of suppliers, yet no coverage is taken to protect their business if that supplier suffers a major loss or can no longer deliver goods.

Warehouse insurance includes cover for buildings, machinery, stock, business interruption, goods in transit, public/products liability and workers compensation insurance. A wide range of additional cover is also available depending on the individual needs of each business with sophisticated logistic systems clients need to be aware that machinery and electronic equipment policy with a loss of profit component needs to be considered.