ImageFactory Insurance - Warehouse Stock Insurance Policy for Godown India
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Advantages of Factory and Warehouse Insurance

Comprehensive Cover

Offers wide range of insurance cover to your assets across warehouse, factory, and office. Cover available for physical damage to assets, loss of profits due to business interruption, and third party legal liability.

Multiple Location Coverage

A single factory & warehouse insurance policy can cover contents at various locations across the country. Variation in sum assured across locations can be accounted via floater coverage for fire insurance

Customized Cover

We will customize the policy to fit your requirements. You will get assistance from our experts who perform a thorough risk assessment and suggest factory insurance plans suitable to your business needs.

Easy Documentation

Issuance of factory insurance requires minimal paperwork. You could submit the Fixed Asset Register maintained for your book-keeping. Unit wise serial numbers are needed only for portable equipment.

Benefits of Factory and Warehouse Insurance

Wider Array of Risks

  • Insurance covers damage due to fire, lightning, burglary, theft and natural catastrophes such as flood, and earthquake
  • Cover could be enhanced by opting for add-ons such as impact damage due to the insured's own vehicles, and terrorism
  • Portable electronic equipment could be covered for specific losses such as short-circuit, breakdown and theft while travelling abroad.

Indemnification for Increased Expenses

  • Factory and warehouse insurance can provide replacement cost of damaged property instead of the book value. This can be done through the escalation and reinstatement value clauses
  • Standard fire and special perils policy can pay rent for alternate accommodation in case the factory is damaged
  • Air freight add-on can help expedite the arrival of replacement materials.

Comfort to Lenders

  • Bank clause can be added to stock insurance policy; in case of damage to mortgage assets, lenders are indemnified
  • Business interruption loss or Fire Loss of Profit insurance will reimburse the standing expenses and net profits for the period of disruption; this ensures debt is serviced regularly
  • FLOP insurance could be extended to cover disruption in a supplier's premises.

Frequently Asked Questions

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.
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.
There are various add-ons available under the factory and warehouse policy such as :
  • Fidelity cover
  • Plate glass cover
  • Neon sign
  • Fire loss of profit
  • Rent for alternative accommodation
  • Public liability
  • Terrorism
  • Cash in safe and cash in transit
  • Machinery breakdown
  • Burglary insurance
  • Theft insurance.
  • Factory and warehouse insurance policy does not cover intentional damage to the property, damage to the property due to illegal activities and consequential loss. Normal wear and tear due to deterioration are also excluded from the policy. Other common exclusions includes damages due to war, radioactive contamination and pollution.


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