If you own a warehouse in the Washington D.C. area, you’re not just responsible for damages to the warehouse. You are also responsible for the items that your customers store in your warehouse. It just takes one unforeseen emergency to go bankrupt, so it is important to protect your business from risk with the right type of insurance. The following types of commercial insurance can protect you and your customers from loss in the event of a disaster that impacts your warehouse.
General Liability Insurance
Warehouses can be hazardous work environments that pose risks to you and your employees. General liability insurance steps in if an employee is injured in your warehouse and covers their medical and related expenses. General liability insurance can also kick in to protect you from legal liability should an injured employee sue you for an accident incurred on your property.
Legal Liability Insurance
A warehouse legal liability policy consists of a special form of coverage that reimburses your customers for loss. If your warehouse has been negligent in anyway, and it results in the damage of your customer’s property, legal liability coverage will kick in to pay your customers. Legal liability is crucial for warehouse operators because it protects you from legal actions if you are unable to reimburse a customer for his or her goods.
Contact an Independent Agent
Every business is unique, so you may need additional riders to adequately cover your business. The level of coverage you need will also depend on the location, size and scope of your business. An independent agent can help you compare premiums from several insurance companies so that you can find the best value on commercial insurance. Contact us today to speak to an independent agent who can help you get your warehouse covered.