Warehouse insurance – stock storage height
Any business that has a warehouse insurance policy will, in the main, have two types of policy cover. Firstly, liability insurance and secondly cover for stock.
There are many additional types of cover, but these are the two main ones. As far as the stock is concerned, you will find in most types of policy that there is a stock storage height warranty.
As with all warranties, they are to be treated very seriously. It is very easy to get a quote, go on cover, get your wording and then stick it in a drawer or cupboard and forget about it. You really should take whatever time you can to read through your insurance schedule and policy wording.
The best way to do this is to scan through the documents and anything noted as an exclusions, warranty, term or condition should be read in detail.
If you have stock under any business insurance policy, you will have a stillage warranty in most cases. This simply says that you must keep the stock on pallets or shelves at least 10 or 15cm from the ground. This is to prevent stock damage from a low level flood or burst pipe.
A storage warranty only rely applies to warehouses where there is a lot of stock stored. It is designed to limit the height that your stock is stored at, for two reasons.
Firstly, there is an increased liability risk, if stock is stored too high it is more likely to fall and injure an employee.
Secondly, it represents an increased fire risk as the more stock stored “chimney” style, ie straight up, the more the chance is of a total loss in the event of a fire.
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