ImageFactory Insurance - Warehouse Stock Insurance Policy for Godown India
Leave a message and we'll call you back.

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.

    Insuropedia

    How does a Declaration Policy Work for a Warehouse or a Factory?

    Wholesalers, retailers or distributors often taken the factory and warehouse insurance policy to protect the stored goods or other items against the said perils. In a factory and warehouse insurance, a declaration policy takes care of the frequent fluctuations in stock or stock values. Stock stored at a warehouse or factory...
    Read More

    Why Should We Buy Property Insurance?

    The most important reason to purchase property insurance is the uncertainty of future. You can’t predict what would happen in the next moment, and therefore, to get complete coverage against the life’s uncertainty, it is essential to buy a property insurance policy. A property insurance policy is an umbrella policy which...
    Read More

    What is Escalation Clause in Fire Insurance?

    An escalation clause or phrase in a fire insurance contract effectively allows for an increase in the sum insured to cover any unexpected costs which may arise from fluctuations. It simply means, that should inflation increase the price of items, for instance, these costs will be covered under a fire insurance policy as well...
    Read More

    Search Insuropedia - Enter Your Question.

    Why SecureNow?

    Deep Product Knowledge

    Leverage specialized underwriters and international experts unique for each line of business.

    Cost-effective Insurance

    Works with all the leading insurers to discover the best price for most comprehensive features.

    Quick Turnaround Time

    Get cover note issued within 24 hours. All service requests are resolved in pre-defined TATs.

    Strong Claims Support

    Manage all aspects of claim including insurer, surveyor & TPA co-ordination, and documentation.

    Value-Added Services

    Receive risk diagnostic reports, themographic studies, policy analysis, and wellness programs.

    Policy Administration System (PAM)

    Access your insurance policies through single login; service requests, MIS, and renewal alerts.