As a business owner, you know how important it is to have enough inventory to meet your customers’ needs. You invest a significant amount of money to bring those products in, and when something happens to them, your financial stability is at risk. In some situations, your insurance can help.
At C & H Insurance Associates LLC, we work with businesses to select the right type and level of coverage for their needs. If you’re ready to learn about your commercial insurance options in South Carolina, reach out to us for a quote.
When Commercial Insurance Protects Inventory
Whether or not you have coverage depends on several factors, including the type of commercial insurance you carry. Most policies cover inventory only when the loss results from a covered peril, typically including theft, vandalism, and fire. Coverage also generally applies only to inventory stored at the covered location and used for business purposes. This type of protection typically falls under business personal property insurance, or BPP, and can be adjusted to reflect the value of the inventory you maintain.
If you have additional needs, other types of coverage may be available. For example, in-transit coverage may apply if your inventory is damaged during shipment to you, and off-site or third-party logistics (3PL) coverage may also be available. These aren’t part of a standard policy, though; they’re typically add-ons to your existing coverage.
Choose the Coverage Best Suited for Your Business
To find out what type of protection best fits your business’s inventory, give the team at C & H Insurance Associates LLC a call. We’ll review your current policies and offer recommendations tailored to your business’s operations. If you need commercial insurance in South Carolina, give us a call.
