Underwriting Static Cargo Risks

Are You Prepared for the Risks Lurking in Your Warehouse?


When goods are stored in a warehouse, the risks don’t just pause.

They evolve.

Static cargo risks

—those exposures that come with keeping goods in storage rather than in transit—

can have severe consequences if not properly managed.

Here’s what’s at stake:

Imagine this:

your warehouse is packed with high-value electronics, or maybe it’s perishable goods that need precise temperature control.

A small oversight—like inadequate security measures or improper climate conditions—can lead to significant losses.

And when that happens, it’s not just the goods at risk—it’s your entire operation.

So, how do you protect your warehouse and ensure you’re covered?

1. Risk Assessment
➟ Type of Cargo:
High-value or sensitive goods demand special attention.
➟ Storage Duration:
The longer goods sit, the greater the exposure to risks like deterioration or theft.
➟ Location:
Where your warehouse is located impacts exposure to natural disasters, theft, and other risks.
➟ Security Measures:
Etc

2. Policy Details
➟ Coverage Limits:
Determine the right coverage based on the value and type of goods stored.
➟ Deductibles:
Set deductibles that balance premium costs and potential claims.
➟ Exclusions:
Etc

3. Common Risks
➟ Physical Damage:
Improper handling or accidents can damage stored goods.
➟ Theft and Vandalism:
Without robust security, your goods are vulnerable.
➟ Natural Catastrophes:
Earthquakes, floods, and storms—your location dictates your exposure.
➟ Deterioration:
Environmental conditions can degrade goods over time, especially perishables.
➟ Fire:
Etc

4. Risk Mitigation Strategies
➟ Storage Conditions:
Implement climate control and proper handling to protect your goods.
➟ Security Enhancements:
Use surveillance, access control, and mandated insurance requirements to bolster your defenses.
➟ Accurate Documentation:
Etc

Why This Matters:

In the logistics and supply chain world, protecting your assets is crucial. One mistake, one overlooked detail, can have a domino effect that leads to catastrophic losses. But with the right preparation and insurance considerations, you can safeguard your warehouse, your goods, and your business.

But here’s the reality:

You don’t have time to learn this the hard way.
That’s why it’s essential to have a resource that breaks down the complexities into actionable insights—so you can focus on what matters most.

The solution is simple.
Our cheat sheets provide you with the knowledge you need to protect your warehouse and mitigate risks effectively. It’s like having a risk management consultant at your fingertips—without the hefty fees.

Equip yourself.

Protect your assets.
Don’t let the hidden risks in your warehouse catch you off guard.

Make sure you’re covered with the right strategies and insurance policies.

Sales On: www.cargocheatsheets.com

Because in the world of logistics, knowledge is your greatest defense.