Play your partSUPPORTLOGINGET STARTED →
EXPLOREWHY GRAJAGENTSLEARNFEESPIONEER
GETREADYANDJUMP.COM · BUILT IN DETROIT
Insurance

GOODS AT REST.

Reference

Cargo insurance covers goods while they move. It usually stops covering them when they stop, which leaves inventory sitting in a warehouse — often the largest single concentration of value a small brand owns — insured by nobody in particular.

GET STARTED →
What to know
The gap between policies
Cargo covers transit. Property covers a building and usually not somebody else's goods inside it. A 3PL's policy covers the 3PL's legal liability, which is not the same as covering your stock and is frequently capped far below its value.
A warehouse's liability is limited by contract
Storage agreements typically cap liability per unit of weight, which is unrelated to what the goods are worth. A pallet of electronics and a pallet of paper carry the same cap, and the shortfall belongs to the owner.
What to actually check
Four questions decide whether a claim pays anything, and all four are answerable before goods are stored rather than after they are gone. Most participants have never asked any of them of the party currently holding their inventory.
  • Whose policy covers goods at rest, and to what value
  • Whether it is replacement cost or depreciated value
  • What perils are excluded — flood and earthquake commonly are
  • Whether cover continues during a transfer between facilities
Concentration is the real risk
Splitting inventory across locations costs efficiency and buys survivability. A single-site brand losing its warehouse loses the business, not a quarter.
Where to go next
INSURANCE BUYERS ASK FOR.
Most retailers and every institution will ask for a certificate of insurance before your first delivery, at limits they specify, naming them as an additional insured.
Read it
STORER
In your account — sign in and it opens on your own figures.
Open
COMMERCE IN TRANSPORTATION.
Freight is a business of authority, insurance and proof.
Read it
GRAJ

READY TO
RUN YOUR GAME ON GRAJ.

Free to join. Participants keep 95% of every transaction; GRAJ takes 5%. Built for 195 countries — payments live in the United States.

GET STARTED →SEE HOW IT WORKSEXPLORE GRAJ