Warehouse and Logistics Insurance: What It Covers (and What It Doesn’t)

When you’re running a business in Burlingame, CA, a constant stream of things is added to your to-do list. Ensuring that you have the right insurance coverage in the event of an accident or disaster is a stressful and time-consuming process that often gets put on the back burner. If you need help finding the right coverage types for your business, contact Commercial One Insurance Service today!

Types of Warehouse and Logistics Insurance

  • Commercial Property Insurance helps to cover losses caused by natural disasters such as fires, theft, and extreme temperatures or humidity. 
  • General Liability Insurance provides additional protection against a variety of losses.  
  • Warehouse Legal Liability Insurance is ideal for those who have goods and materials owned by other companies stored in your warehouse. It covers you should you be held liable for damage done to the stored contents.
  • Worker’s Compensation ensures that your employees and business are cared for should an employee be injured.
  • Employee Dishonesty Coverage can protect businesses from damage caused by employees committing criminal or dishonest acts.
  • Cyber Liability Insurance protects your bottom line in case of a cyber-attack or data breach resulting in legal claims.

Find the Coverage You Need at Commercial One Insurance Service

As you can see, there is a coverage plan for every aspect of your Burlingame, CA business. But remember, warehouse and logistics insurance is not a one-size-fits-all solution. Purchasing the first plan you see is a surefire way to leave your business open to major financial losses should an event not specifically covered by your plan occur. Fortunately, Commercial One Insurance Service can help. We’ll work with you to find the perfect mix of coverage and cost so you can get back to focusing on day-to-day operations. Contact us today to learn more!

How workers compensation insurance can protect you and your employees

Workers’ compensation insurance from Commercial One Insurance Service can be an invaluable asset for employers and employees in the Burlingame, CA area. It provides a safety net if an employee is injured or becomes ill and provides them with medical care, disability payments, and other benefits. For employers, workers’ compensation insurance protects them from costly workplace injury claims by covering their legal costs and any compensation they have to pay out to the employee. 

At its core, Workers’ Compensation Insurance is designed to protect the employer and employee in the case of workplace-related injuries or illness. Employees benefit from access to medical care and lost wages when they cannot work due to an illness or injury sustained at work. Employers benefit from being covered against financial loss resulting from compensating employees for injuries sustained while working on the job. 

Workers’ Compensation Insurance is essential not only for protecting both parties in a workplace setting but also for complying with state laws that require employers to provide this type of coverage for their employees. Without it, employers risk costly fines if something happens on the job. Additionally, Workers’ Compensation Insurance helps keep premiums low since employers will not be forced to pay out high amounts of money if an accident occurs on the job site. 

In short, Workers’ Compensation Insurance is essential in keeping both employers and employees safe while offering peace of mind knowing that any potential financial losses are covered should something happen on the job site. For more information, call us at Commercial One Insurance Service today. We are proud to serve the Burlingame, CA area.

Why should you get warehouse and logistics insurance in California?

The warehouse and logistics industry is an essential part of our overall economy. This is responsible for taking consumer products and helping to ensure they are stored and shipped to locations nationwide. In the Burlingame, CA area, this continues to be an essential industry that offers many opportunities. If you are going to own a business in this field, you need to have a warehouse and logistics insurance plan for various reasons. 

Liability Coverage

Those in the warehouse and logistics industry will take on many forms of liability risk daily. If an accident occurs in the warehouse while a truck you own is on the road, or there is an issue with your delivering products, you could be held liable. When adequately covered, you will get the support you need to protect against these claims.

Support for Property Damage

It is also helpful to get a warehouse and logistics insurance plan to get support for property damage. If you have assets you have acquired to help run your warehouse and logistics business, it will be vital to remain in good condition. When you get a warehouse and logistics plan, it will offer the support you need to protect your assets and financial stability. 

In the Burlingame, CA area, all companies in this industry need to have a warehouse and logistics plan. If you are looking for coverage, you can find the number of options and decisions confusing. Fortunately, you can call our Commercial One Insurance Service team to simplify this process. Our professionals can answer questions and give you the support you need to get into your next policy. 

Protect Your Livelihood with Commercial Insurance

Are you a business owner in the Burlingame, CA area? If so, ensure your business is protected with commercial insurance provided by Commercial One Insurance Service.

A business needs insurance because it helps cover the expenses associated with liability claims and property damage. Without this coverage, the business owner may need to pay out-of-pocket for expensive damages and legal claims against their business. Depending on the situation, it could be financially disastrous for a business owner.

A small business needs a BOP or business owner’s policy. This insurance combines business liability, business property, and business income in one policy. Commercial property insurance or business property insurance helps protect the physical location of the business and all assets.

General liability insurance is sometimes called commercial liability insurance and will cover the costs of liability claims against your company. If a customer or client were to fall and sustain an injury, he could bring a lawsuit against your company. Business liability insurance will help cover the expenses of that claim.

Business income insurance helps to replace lost income when your company cannot operate because of a covered loss. This will ensure that you can keep paying your employees and your bills and stay afloat during the temporary shutdown of your business. If a fire were to damage your building and it is closed during repairs, this coverage would help replace the lost income.

Workers’ compensation insurance offers financial support to workers who cannot work due to a job-related illness or injury. For example, if an employee injures their back by lifting a heavy piece of equipment, this coverage will help cover their medical costs.

Commercial One Insurance Service can provide you with a no-obligation quote for this coverage or answer any questions you may have. Contact our office today.

What Does Warehouse and Logistics Insurance Cover?

Warehouse and logistic insurance go by many different names. Those names include warehouse legal liability insurance, warehouse workers’ legal liability, or warehouse operators’ legal liability insurance. If you own a warehouse or logistics company, this is a type of insurance product that you should consider purchasing. Unfortunately, the staff at Commercial One Insurance Service, serving the greater Burlingame, CA area, have seen that many warehouse owners do not know this product exists. Read on to learn more about what warehouse and logistics insurance covers and why it may benefit your business. 

What Does Warehouse and Logistic Insurance Cover?

Warehouse and logistics insurance is designed to cover four different things. This includes people, equipment, buildings, and goods. This means that this type of insurance helps to protect your workers who may become injured, helps to cover the equipment in your building, including forklifts, helps to cover the building itself, and helps to protect the goods that are stored in the building, including goods that you manufacture or goods that you are preparing to ship out. 

What Are the Benefits of Warehouse and Logistic Insurance? 

If you own a warehouse and logistic service, you have a lot of money tied up in your building, equipment, employees, and the goods you produce or ship. Events such as fire, theft, or flooding can damage your building and the items stored in your building. Warehouse and logistic insurance are designed to protect your business from catastrophic events. 

If you are looking for warehouse and logistic insurance in the greater Burlingame, CA area, Commercial One Insurance Service would love the opportunity to help you. Call or email us today to discuss your business and what insurance products we have that can benefit you. 

What Does Business Insurance Cover?

When you have a business, you might be wondering if you need to have insurance. You may not want to spend any extra money, but it is essential to consider getting insurance. 

Why do you need it? What does your insurance cover when it comes to your business? 

Most businesses start with a business owner’s policy, also known as a BOP. This includes your business property, liability, and business income coverage. 

  • The business property will cover your building, as well as the property that you have inside. This includes the office furniture and supplies you need to run your business. It will also protect your inventory. 
  • Liability insurance covers many different things. It will protect you if someone falls in your place of business. It can also protect you if you get sued due to your work. If a client claims you made a mistake that hurt their business, you could be looking at a lawsuit. 
  • Business income insurance helps you if you lose income. If you need to close your business for certain reasons, like property damage, it will help you pay for your expenses during this time. 

Most business owners start with a BOP, which protects their property, income, and business if they get sued. That is often enough, though you may need extra insurance if your business gets hacked. You may also need commercial automobile insurance if you have drivers on the road! 

Talk to a professional today if you want to ensure your business is fully protected. Don’t hesitate to contact us at Commercial One Insurance Service in Burlingame, CA.  

Warehouse and Logistics Insurance: How to Protect Your Business

Warehouse and logistics insurance is a necessary commercial coverage for any storage and transportation industry business and wholesalers. However, many storage and transportation industry businesses and wholesalers in Burlingame, CA lack this insurance because they don’t understand how it protects them. Here is a breakdown of how warehouse and logistics insurance protects your business.

  • Fleet/commercial fleet insurance: This warehouse and logistics insurance policy covers the different types of vehicles you use to transport goods, such as trucks and vans. It also provides coverage to drivers in multiple vehicles. The policy will cover all your vehicles and drivers. 
  • Material damage insurance: This policy will protect the inventory under your care, whether in transit or your warehouse, together with the fixtures and fittings in your warehouse against storm damage, fire, theft,  and burst pipes. 
  • Products liability cover: As a warehousing and logistics enterprise, you are responsible for getting the products from the manufacturer to the retailers or end consumer. The product’s liability coverage protects you if it’s alleged that the product you were involved in supplying caused an accident that resulted in injury to one of your customers or property damage. 
  • Employers liability insurance: The warehouse can be a dangerous workplace for employees. This is why Commercial One Insurance Service views the employer’s liability insurance as a must-have. This warehouse and logistics insurance coverage will protect you as the employer from liability if your staff suffers an accident at the workplace and claims it was because of your negligence. 
  • Equipment breakdown insurance: Equipment breakdown can paralyze operations at the warehouse. This warehouse policy will pay to repair or replace your warehouse equipment to let you resume operations in no time. 

Are you a storage and transportation enterprise or a wholesaler in Burlingame, CA, looking for warehouse and logistics insurance? Call Commercial One Insurance Service for immediate assistance.

What coverage comes with warehouse & logistics insurance?

The warehouse and logistics industry is extremely important and a major part of the economy in the Burlingame, CA area. While there is a lot of opportunities available to those in this industry, there are some risks as well. A great way to offset some business risks in this field is by getting proper insurance. There are various forms of coverage that come with a warehouse & logistics plan. 

Protection for Assets

One of the ways that you can be supported by a warehouse & logistics insurance plan is by getting protection for your assets. A warehouse and logistics business will have a lot of different assets. This will include your moving and storage equipment as well as customer cargo and inventory. With a warehouse & logistics insurance plan, you will get the support that you need to cover these items. 

Reduce Liability Risk

You should also get a warehouse & logistics insurance plan to offset your liability risk. There will always be a chance that an accident could occur in your warehouse that could lead to damaged inventory, injuries, or other forms of loss. As this could end up leading to significant damages, you will want to know that you are protected against this risk. A proper warehouse & logistics insurance plan will give the coverage that is needed in this situation. 

Having a warehouse & logistics insurance plan is important for anyone that owns or operates a warehouse or logistics business in the Burlingame, CA area. If you decide to get this type of coverage, you will want to start your search by calling Commercial One Insurance Service. The team with Commercial One Insurance Service offers personalized support that can help you adequately cover your business with a proper insurance policy. 

Does warehouse and logistics insurance cover your items while in transit?

Does warehouse and logistics insurance cover your items while in transit?

Your warehouse in Burlingame, CA needs appropriate commercial insurance. That means warehouse insurance for the items stored there and logistics insurance, a type of inland marine coverage. Put together, a policy of warehouse and logistics insurance from Commercial One Insurance Service can protect your clients’ items as well as your own.

Becoming a Bailee

Warehouse insurance covers your business as a bailee, an organization entrusted with the belongings of another business or client. This means that if anything happens to damage property during storage, packaging, cross-docking, labeling, or any other service offered, the insurance covers it. It also covers the loss of an item. It differs from cargo insurance, which covers the items while in transit by plane, train, or automobile.

Coverage of Items in Transit

The logistics component covers your transit of goods. This component of the insurance package covers your liability. While you can purchase warehouse and logistics coverage separately, we recommend bundling them to cover your business completely.

The liability coverage provided by the logistics component includes accidents caused by negligence as well as damaged cargo. This provides separate coverage from your commercial auto or trucking insurance.

Contact Commercial One Insurance Service

Yes, warehouse and logistics insurance does cover your items while in transit. Contact Commercial One Insurance Service serving Burlingame, CA, to discuss your warehouse and logistics insurance needs and determine what coverage you should buy. Let this insurance help you keep your warehouse equipment and clients’ warehoused items safer, or at least cover their loss if something happens to their cargo while in your care.

Commercial insurance FAQs

Being a business owner comes with many risks. Not every business has the same risks, but generally speaking, there are some that are pretty universal. Having an independent agent who understands the particular risks that are unique to your business is important when it comes to customizing your commercial insurance policy. In Burlingame, CA, Commercial One Insurance Service has a team of experts who will work with you to make sure that as many of your risks are mitigated as possible. 

Does commercial insurance cover flooding?

If a pipe breaks and floods your business, this is covered. If the river rises, heavy rain floods storm drains, or any other type of surface water, no, it is not covered. You can, however, purchase a separate commercial flood insurance policy to protect your business. 

Will commercial insurance protect me if I get sued?

If you have commercial liability insurance, it will. Liability protection pays for a judgment against you up to the limit of your policy. It will also help with legal expenses you may incur as part of the suit. 

Why do I need commercial property insurance if I don’t own the building my business is in?

Property insurance covers a lot more than just the building. It will help repair or replace machinery you use in your business, office equipment, raw materials, and inventory. It is valuable coverage for renters as well as building owners. You can’t do business without the things you need to produce your products. 

Does business interruption cover all interruptions?

Like every other type of insurance, business interruption insurance has exclusions. Before deciding to add this insurance to your policy, read the exclusions and the coverage to make sure it fits with your particular business risks. 

Contact Commercial One Insurance Service in Burlingame, CA when you are ready to discuss your commercial insurance needs.