It’s rare in this day and age to have your call answered by a real person, even more so if they’re knowledgeable about your industry risks and have real solutions that make a difference for your business. But that’s what you’ll find when you work with Lockton Affinity for insuring your inventory. Here are the [...]
Inventory businesses are frequently advised to check the forecast and have a plan for severe weather. But advice often ends there. Less attention is paid to the different types of weather alerts, what they mean and what to do with them. For a business like inventory, weather matters. Here's how to get the most out [...]
Originally published March 3, 2023. Last updated January 23, 2025. Managing inventory comes with many challenges, an important one being how to reduce inventory damage. Damage to inventory can occur at any point in your processes. Some products are damaged at the time of receiving, some are damaged during handling or storage and others are [...]
Many inventory dealers wonder what happens when they have a claim. What claims are most common and what circumstances lead to those claims are also top questions asked by dealers. As one of the nation’s top insurance administrators, we see a lot of claims. Here are four of the most common claims for inventory and [...]
Any inventory exposed to the elements faces risk of damage. Because weather risks can be difficult to predict and can affect your inventory at any point in your supply chain, it’s important to understand the dangers that exist and properly manage summer weather risks for your business. 3 Warm Weather Inventory Risks for Dealers 1. [...]
March and April are two of the windiest months of the year. The seasonal change from winter to spring causes differences in air pressure and air temperature that can result in some very gusty winds. With outdoor inventory exposed to the elements, this windy time of year can pose a significant risk to your business. [...]
Winter weather is often unpredictable. Some years are mild, with barely any snow. Other years, winters are harsh, bringing freezing temperatures and heavy snow into areas not used to seeing it, and these conditions can impact your inventory and business. While you may be prepared for winter risks like low temperatures and snow, water intrusion [...]
Winter weather risks can pose a serious threat for inventory dealers, especially if your product is out in the open and exposed to the elements. Winter weather risks for inventory dealers are hard to predict and can affect your inventory at any point in your supply chain, so it’s important to understand the dangers that [...]
Last year, we shared three claim examples that real inventory dealers faced, showing the variety of risks inventory businesses can experience. The variety of risks – and claims – continues. Read on to learn about three new claim examples from our insured dealers and how you can protect your business against similar claims. Inventory [...]
Summer storm risks for inventory can pose a serious threat to your business. The Congressional Budget Office has estimated commercial business damage from summer storms at $9 billion. Your business may be at greater risk if your product is located in vulnerable warehouses or out in the open exposed to the elements. These weather risks [...]