Stock insurance for factories and warehouses
Protect raw materials, work in progress and finished goods across factories and warehouses, with correct values, locations and policy conditions.
Start with the business behind the policy
Stock values change through seasons, production cycles and customer demand. A policy based on an average month may be inadequate at the moment of loss. Stock insurance must reflect where inventory is kept, its peak value and the perils that can affect it.
Umber helps businesses map owned and third-party locations, valuation methods, monthly declarations and the connection between storage and transit policies.
Who should review this cover
- Manufacturers with raw material and finished goods
- Warehouses and fulfilment centres
- Distributors and wholesalers
- Cold stores and temperature-sensitive stockists
- Seasonal and commodity businesses
- Companies using third-party locations
What the cover may include
Use this as a starting point. The selected policy wording and your declared circumstances determine what is covered.
- Raw materials as declared
- Work in progress and finished goods
- Packing material and consumable stores
- Stock at named or approved locations
- Selected insured property perils
- Deterioration or temperature risk only when specifically arranged
The details worth a closer look
- 01
Peak values higher than the sum insured
- 02
Unlisted rented or third-party warehouses
- 03
Stock records that cannot be reconstructed
- 04
Basement and open-storage conditions
- 05
Obsolete, damaged or slow-moving inventory
- 06
Gaps between premises and transit cover
When you need support
- Reconcile physical, ERP and financial stock records
- Document ownership and valuation basis
- Separate damaged, salvageable and unaffected stock
- Coordinate survey, disposal and mitigation approvals
Your questions,
answered clearly.
A question is
a good place to start.
Tell us what you’d like to review. We’ll help you work through the next step.
General information only. Cover is subject to the selected policy wording, disclosures, underwriting, exclusions, warranties and deductibles.