Loss Of Stock in Cold Storage
Loss of stock in cold storage insurance is a specialized coverage that protects businesses against financial losses due to spoilage, damage, or destruction of perishable goods stored in refrigerated facilities. Key features include:
- Coverage for Perishable Goods: Protects against losses from refrigeration failures, power outages, or equipment breakdown.
- Compensation for Financial Loss: Provides reimbursement for the value of lost or damaged stock due to insured events.
- Business Interruption Protection: May also cover losses related to business interruptions caused by cold storage issues.
This insurance is essential for businesses that rely on cold storage to maintain the integrity and quality of perishable products.