Who can buy Factory and Warehouse Insurance?

The factory and warehouse insurance policy is particularly taken up by wholesalers, distributors, and retailers for premises where their good and items are stocked or stored. So, to summarize we can say any of the following can buy a factory and warehouse insurance: Owner of the factory or the warehouse Company managing/owning the factory or […]

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How can you minimize the premium for Factory and Warehouse Insurance?

Quite a few measures can be taken to minimize or reduce the amount of premium payable on policies such as: Additional security measures Automatic fire extinguishers Training your staff to safely operate the machinery or raw material Regularly maintaining your workplace Find an insurer who knows your field well Case on Premium Cost of Factory […]

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How to file a claim under Factory and Warehouse Insurance?

Given below are the steps you need to follow to file a claim under factory and warehouse insurance: Inform the Insurer: You will need to inform the insurer about the incident and the approximate loss incurred due to various factors mentioned in the policy. Complete the Claim Form: You might need to fill out a […]

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What is not covered under Factory and Warehouse Insurance?

Factory and Warehouse insurance policy does not cover the following: Short Circuiting: Any mishap including fire due to short circuit is not covered in the particular policy. Deterioration: As we know everything has a time limit and depredation is a natural process, hence the gradual deterioration of the machinery or the loss due to seepage […]

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What is covered under Factory and Warehouse Insurance?

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. The following is covered under Factory and Warehouse Insurance: Goods Covered Under Factory & Warehouse Insurance Factory and […]

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