Warehouse Insurance in San Diego and California

• Tangible property – up to $50,000 to cover damages of tangible property, including forklifts, tools, computers, hand trucks, personal property, etc.
• Accounts receivable – up to $5,000 coverage for payments due and for replacing or restoring accounts receivable records that are missing.
• Valuable data (papers, software) – up to $10,000 to cover damage in cases of lost, damaged, or destroyed valuable data, paper, and software. The policy will help pay for the cost of restoring, repairing, replacing, and reproducing the damaged data records.
• Physical loss/damage to new property – up to $500,000 (up to 90 days) to cover costs of legal liability for damage or physical loss of new property.
• Damage and loss of fixtures (equipment) in leased warehouses – up to $25,000 to help pay for financial losses caused by physical damage (or loss) to fixtures and equipment installed in rented or leased property.
• Earned warehouse (storage and freight) charges – up to $25,000 coverage for storage and freight charges you are not able to collect.
• Debris removal and pollution cleanup – up to $50,000 (or 25% of the amount payable) to help pay debris removal. Warehouse liability insurance can also provide up to $25,000 overage for businesses that are responsible for cleaning up the pollutants post-accident.
• Losses caused by temperature and humidity changes – up to $50,000 to help cover the costs of the losses that occurred due to changes in temperature and humidity caused by mechanical breakdown.
• Missing property – up to $50,000 coverage for property missing for unexplained reasons.

Additional coverage extensions include defense costs, fraud and deceit, optional spoilage, processing endorsements, etc.

Warehouse Liability Coverage

Warehouse owners have an obligation to care for the goods and materials they hold onto their premises responsibly. Liability claims usually occur when client’s property or inventory is damaged by negligence or by:

We have a list of carrier liability protections provided with warehouse legal liability insurance for truck transportation businesses.

• Property on policyholders’ vehicles – If you own a business that transports the goods of others by trucks, you can get carrier liability insurance. This policy also covers property that is in custody and control of the policyholder, as well as property held on trucks that the policyholder owns or leases.
• Property transported by other vendors – Under warehouse legal liability coverage, policyholders have the possibility to subcontract other vendors to transport the goods and still be covered.
• Unscheduled premises – You can add this coverage to your warehouse storage policy, as it extends coverage to third-party warehouse providers and bailees. This coverage is extremely beneficial as it gives you the opportunity to use third-party storage space, without having to immediately adjust your existing policy.
• Employee dishonesty – Warehouse storage insurance helps pay for expenses of physical loss of property caused by fraudulent, dishonest or criminal acts by employees.

• Warehouse legal liability insurance (Bailee liability insurance) – This type of coverage serves to help pay expenses and pay to the declared limit of liability in case cargo is lost or damaged while in your custody or care.
• Bailees’ customers coverage – This specific policy covers defense for retail businesses for the loss of retail clients’ property while in your care.
• Packers’ legal liability insurance – It covers legal defense and settlements of packers in instances where the goods are damaged due to improper packing, bracing, crating, wrapping, loading, and so on.
• Carrier logistics choice insurance (Motor truck cargo) – This kind of insurance can be an add-on for your existing insurance. Used together with warehouse storage policy, it unifies and simplifies the coverage. It covers financial losses resulting from lost, stolen, or damaged cargo. It covers cargo in transit (US, Canada, Puerto Rico), in temporary storage, loading and unloading, employee dishonesty, subcontractor dishonesty, voluntary parting, etc.
• Warehouse and logistics choice (inland marine insurance) offers coverage for freight in both main warehouse and third-party warehouses. It gives business owners a chance to grow their business beyond their current capacities, while maintaining the same coverage.

What Kinds of Businesses Need This Coverage?

Businesses that are in logistics or storage operations should consider obtaining warehouse liability insurance. These businesses include:

FAQ

How Much Coverage Should I Get For My Warehouse?

The amount of coverage you acquire is based on what kind of facility you run and how you operate. For instance, a storage facility that stores dangerous substances will need significantly more coverage than the facility that stores every day, non-dangerous items. If your warehouse stores frozen food, you will need to get more coverage than a warehouse that stores paper or building materials.

Since your insurance requirements are unique, it would be best to consult with a qualified commercial insurance agent, who can provide guidance and recommendations on how much coverage you should get in order to be completely safe. For professional assistance, write to us via our contact form.

How Much Does Warehouse Storage Insurance Cost in California?

Every distribution center, storage facility, or warehouse is one-of-a-kind, and the cost of policy will vary significantly. In order to find out the exact amount of your monthly premium, it is best to speak to an insurance agent directly. An agent will be able to offer multiple plans at different prices, which gives you the possibility to choose based on your budget preferences.