Protect Your Inventory with WareIQ’s Inventory Insurance Coverage

For eCommerce brands, safeguarding inventory is as crucial as ensuring smooth order fulfillment. Unforeseen risks like fire, theft, and natural calamities can cause significant financial setbacks. WareIQ’s Inventory Insurance offers comprehensive protection for your stock while stored in our fulfillment centers. With coverage from top-tier insurers and industry-leading terms, your business is shielded from potential losses.

Key Highlights of WareIQ’s Inventory Insurance

Comprehensive Coverage with Leading Insurers

WareIQ has partnered with National Insurance, New India Assurance, and Oriental Insurance to provide Fire & Burglary insurance for all inventory stored in our fulfillment centers. With a sum insured of ₹100 crore, brands using WareIQ can operate with peace of mind, knowing their stock is covered against unforeseen events.

Protection Against Major Risks

Our insurance policy covers a wide range of risks, ensuring that your inventory remains secure in all circumstances:

• Fire Damage – Protection against accidental fires and related hazards.
• Burglary & Theft – Coverage against unauthorized access and stolen goods.
• Natural Disasters – Covers storm, cyclone, hurricane, flood, and inundation.
• Earthquake Damage – Includes protection against earthquake fire and shock.
• Terrorism Damage (where applicable) – Coverage for risks related to acts of terrorism.

With this policy in place, your inventory is fully secured against theft, damage, and natural disasters, ensuring uninterrupted business operations.

Reinstatement Value Clause (RVC) – Full Compensation on Loss

Unlike traditional insurance policies that compensate based on book value, WareIQ’s insurance includes a Reinstatement Value Clause (RVC). This ensures that in case of any damage or loss, your inventory is compensated at its replacement value, guaranteeing full financial recovery and preventing unexpected losses.

Floater Cover for Multiple Fulfillment Centers

Managing inventory across multiple fulfillment centers? No problem! Our insurance policy provides floater cover across all WareIQ fulfillment locations, so your stock remains insured even when moved between warehouses. This seamless coverage eliminates the need for additional policies or adjustments.

Why Choose WareIQ for Secure Fulfillment?

WareIQ’s inventory insurance is a game-changer for eCommerce businesses looking to minimize financial risk while scaling operations. By leveraging our best-in-class fulfillment network and industry-backed insurance coverage, brands can focus on growth without worrying about potential inventory losses.

Secure Your Inventory Today

Want to learn more about how WareIQ’s fulfillment services and inventory insurance can help your business? Contact us today to explore how you can optimize logistics while ensuring complete inventory protection.

Frequently Asked Questions (FAQs)

Supercharge your fulfilment with WareIQ now, contact our team.

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