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 the warehouse
- Retailers when they also operate a warehouse for the goods etc.
Case for Factory and Warehouse Insurance Purchase
Ranvijay, is a local warehouse owner at Najafgarh, Delhi, and runs the warehouse under sole proprietorship. He is entitled to buy an insurance on the warehouse.
Indian Cold-Store Company is a listed firm owning more than 40 large warehouses and cold storage units in the country. It has been able to achieve 90% coverage of the warehouse under various applicable insurance contracts.