Do you store and ship a considerable amount of inventory each month? Your commercial inventory is at risk of being damaged, stolen, and vandalized when it isn’t closely monitored. Follow these tips to protect your commercial inventory.
Storage Locations and Details
Your business plan should include the location of inventory and important details about it. Keeping a careful record of your inventory will help you itemize any materials you would like to include in your commercial insurance policy.
In addition, you can refer to these records if you need to file a commercial insurance claim. Being aware of the storage details and the items that have been affected may help you complete the claims process more quickly.
Security Aids
Using security aids in high-traffic areas could reduce criminal activity. Using surveillance equipment could provide you with a viable record of the condition of inventory that has been subjected to adverse weather conditions. Security aids should be installed wherever high-value inventory is stored. This can help reduce monetary loss and allow you to keep a close eye on the condition of the inventory being stored at your business.
Transportation Protection
If your business vehicles are used to transport inventory, having enough commercial insurance for your vehicles is essential. Liability and personal property protection are two types of commercial insurance that will preserve your inventory and prevent monetary loss.
Useful Resources for Your Insurance Needs
Contact an agent who represents White Oak Insurance LLC. One of our agents serving Milford, CT, will help you create a plan to safeguard your commercial inventory.
