Inventory insurance Archives - LA Inventory

Protecting Inventory from Summer Weather Risks

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. [...]

By | July 21st, 2024|Inventory insurance, Inventory risks|

Outdoor Wind Hazards for Inventory Businesses

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. [...]

By | April 2nd, 2024|Inventory insurance, Inventory risks|

Lockton Affinity’s Flexible Billing Benefit

Because the inventory dealers have on hand changes frequently, Lockton Affinity offers a flexible billing benefit for Inventory insurance policyholders. This benefit ensures your coverage and billing adjusts to match your inventory, guaranteeing you never overpay for inventory you no longer have. Browse our frequently asked questions to understand more about this important benefit. FAQs [...]

By | October 14th, 2022|Insurance tips, Inventory insurance|

3 Inventory Claim Examples and How to Prevent Them

There are numerous risks inventory businesses face. From theft to severe weather damage, your business can experience a wide variety of inventory damage. Read on to learn three recent claim examples from our insured dealers and how you can protect your business against similar claims. Inventory Claim Examples: Partial Theft The claim: A manufactured home [...]

By | August 1st, 2022|Inventory insurance, Risk management|

Tips to File a Claim from Lockton Affinity

Despite your commitment to risk management and proper procedures to protect your inventory, claims can happen. When an incident occurs, avoid the panic. Save this article on claims support from Lockton Affinity to ensure you remember how to respond to a claim correctly and efficiently if the time comes. Decide to file a claim It [...]

By | May 31st, 2022|Insurance tips, Inventory insurance|

Inventory Insurance 101

Inventory insurance can be confusing. There are a lot of terms and conditions you won't hear in everyday conversation, meaning it can sometimes feel like you're reading a different language. With our Inventory Insurance 101, you will be able understand the terminology, so you feel confident about your choice of insurance and how to go [...]

By | September 30th, 2021|Insurance tips, Inventory insurance|