Click here to know more about warehouse inventory insurance and what it could mean for you. Nice, you clicked! Now you will get to know a lot more about what warehouse inventory insurance is. It is good to know what a warehouse inventory insurance is and what goods are and are not covered by it. So I am happy to explain to you what it is. Inventory insurance ensures the damage that has been caused to your business will get covered. For example, theft, storm or fire damage. Or the damage that has been done to your warehouse inventory, like cars, machines, equipment and office furniture. In fact, all goods present in the premises where you are located as an entrepreneur and which you need to carry out your work.
The two types of goods: Business and trade goods
Let’s start with the trade goods (commercial goods). This is the stock that you sell or consume in the making or preparation of the final product. These are, for example; raw materials, semi finished products, and products and packaging materials. So it is the goods that are produced within the company or the goods that are being traded. The measure of value is in the most cases the market value of the products. So click here if you are interested. Company goods or business goods are the goods that are used for the operation of business. Like cleaning agents and fuels.