Your business relies on offering the highest-quality goods to satisfy your customers. When cold storage units holding your stocks break down, you may suffer devastating losses. Outrisk ensures you’re protected against any stock equipment breakdown – with the same care and attention you devote to keep your goods protected.
What Is Stock Insurance?
What Is Stock Insurance?
Stock insurance provides coverage against financial losses due to the deterioration of frozen goods stored in cold storage units.
When you sell or manufacture food or other goods prone to spoilage, you keep them in refrigerators, freezers, or other cold storage spaces. But temperature changes can cause breakdown or damage to the refrigeration equipment and, even worse, deteriorate the products.
Read moreStock insurance provides coverage against financial losses due to the deterioration of frozen goods stored in cold storage units.
When you sell or manufacture food or other goods prone to spoilage, you keep them in refrigerators, freezers, or other cold storage spaces. But temperature changes can cause breakdown or damage to the refrigeration equipment and, even worse, deteriorate the products.
The financial losses resulting from spoiled goods and broken storage units will be devastating for any business.
Stock Insurance is ideal for restaurants, supermarkets and retailers of frozen food and covers:
- Damage to the refrigeration system
- Faulty controlling devices
- Power outage
- Failure of the electrical system installation
- Unsuitable storage temperature
Stock insurance protects you from major financial losses resulting from accidents or damage to your refrigeration equipment. It also covers costs to:
- Clean and decontaminate the space
- Disposal of spoiled goods
- Acquire a condemnation certificate
Keep in mind: this cover is typically added to Machinery Breakdown Insurance
Why get Stock Insurance with Outrisk?
Why get Stock Insurance with
Outrisk?
Stock Insurance gives you the protection you deserve – even when the unexpected happens.
Outrisk Insurance collaborates with top insurance providers to offer you comprehensive insurance policies tailored to your company’s specific needs. We provide cover for every aspect of your business, so you can rest assured that your business operation is secure even when your equipment is out of work.
Our expert insurance brokers have been helping businesses like yours get properly insured since 1989. We have excellent knowledge of the insurance market and we understand the specifics of your industry. That’s why we can evaluate and mitigate the risks of your business with confidence and help you get the ideal level of coverage for total security!
With Outrisk, you can focus on taking care of your goods and meeting your clients’ needs while we take care of yours.
Stock Insurance gives you the protection you deserve – even when the unexpected happens.
Outrisk Insurance collaborates with top insurance providers to offer you comprehensive insurance policies tailored to your company’s specific needs. We provide cover for every aspect of your business, so you can rest assured that your business operation is secure even when your equipment is out of work.
Our expert insurance brokers have been helping businesses like yours get properly insured since 1989. We have excellent knowledge of the insurance market and we understand the specifics of your industry. That’s why we can evaluate and mitigate the risks of your business with confidence and help you get the ideal level of coverage for total security!
With Outrisk, you can focus on taking care of your goods and meeting your clients’ needs while we take care of yours.
All Risk Protection
Outrisk offers you the broadest policies with comprehensive coverage, ensuring your company is secured against mistakes, accidents and other unexpected events.
Competitive Premiums
We offer comprehensive policies for complete security at the most competitive rates!
Impressive Track Record
Since 1989, Outrisk has been proudly serving clients all over Cyprus, holding an impressive track record of successful stock insurance deals.
Tailored Coverage
Our insurance experts will assess the specific risks you face and tailor your coverage to suit your needs and budget.
24/7 Assistance
Our team is available 24/7 to offer emergency and legal assistance and give you access to your policy when the unexpected happens.
Excellent Customer Support
We are happy to answer your questions and address your concerns, whether it’s about your policy limits, your premiums, or your claims. When you need to make a claim, our claims handlers will help you navigate the process and get the payout you need with ease!
Who is this for?
Aimed at business owners with substantial quantities of stock stored in large refrigerators or any cold storage space.
Call Us +357 97770067
Email us info@outrisk.com
Professionals who can benefit from Stock Insurance in Cyprus
Professionals who can benefit from Stock Insurance in Cyprus
- Owners or tenants of cold storage spaces
- Agribusiness firms involved in agricultural manufacturing or processing
- Companies involved in meat and fish processing
- Companies involved in chemical processing and pharmaceutical manufacturing
- Catering businesses
- Flower shop owners
- Food truck owners
- Restaurant owners
- Frozen food retailers
- Food wholesalers
- Butchers
- Hoteliers
- Owners or tenants of cold storage spaces
- Agribusiness firms involved in agricultural manufacturing or processing
- Companies involved in meat and fish processing
- Companies involved in chemical processing and pharmaceutical manufacturing
- Catering businesses
- Flower shop owners
- Food truck owners
- Restaurant owners
- Frozen food retailers
- Food wholesalers
- Butchers
- Hoteliers
Why do I need Stock Insurance?
Why do I need Stock Insurance?
As a business owner, your number one priority is to ensure that your goods are well-preserved and in excellent condition. That’s why you store them in cold storage facilities to ensure they stay fresh and well-preserved.
But what happens when your refrigeration equipment breaks down or suffers a gas leak? What if the power supply in your vicinity fails or your equipment is accidentally damaged? This will likely result in a dramatic drop in the temperature of your storage space.
The slightest temperature change could deteriorate the goods you stock.
Standard business insurance policies may not provide cover for products stored in stock facilities. This means you won’t recover the financial losses for something out of your control – which can be devastating from a financial perspective.
With Stock Insurance, you can rest assured that your business’ finances will be kept intact even when unforeseen accidents and events occur.
As a business owner, your number one priority is to ensure that your goods are well-preserved and in excellent condition. That’s why you store them in cold storage facilities to ensure they stay fresh and well-preserved.
But what happens when your refrigeration equipment breaks down or suffers a gas leak? What if the power supply in your vicinity fails or your equipment is accidentally damaged? This will likely result in a dramatic drop in the temperature of your storage space.
The slightest temperature change could deteriorate the goods you stock.
Standard business insurance policies may not provide cover for products stored in stock facilities. This means you won’t recover the financial losses for something out of your control – which can be devastating from a financial perspective.
With Stock Insurance, you can rest assured that your business’ finances will be kept intact even when unforeseen accidents and events occur.
What does
Stock Insurance cover?
What does Stock Insurance
cover?
- Temperature changes from accidental damage or fault in the refrigeration equipment
- Temperature changes from malfunctioning of the refrigeration equipment
- Temperature changes from non-operation of the refrigerant controlling devices
- Failure of public electricity supply
- Loss of electricity service feeders
- Impact damage
- Escape of refrigerant fumes
- Temperature changes from accidental damage or fault in the refrigeration equipment
- Temperature changes from malfunctioning of the refrigeration equipment
- Temperature changes from non-operation of the refrigerant controlling devices
- Failure of public electricity supply
- Loss of electricity service feeders
- Impact damage
- Escape of refrigerant fumes
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insurance quote
We have the experience and the competitive prices.
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Frequently asked questions
The rates of your insurance will depend on a lot of factors, including:
- Location
- Age and current condition of the equipment
- Type of goods
- Value of goods
- Previous history of losses due to deterioration
- Type of industry-related risks
If your business keeps goods worth thousands of euros in freezers, refrigerators, or any other cold storage facility, your business insurance may not provide adequate cover for accidents or events that cause them to spoil. Businesses with large quantities of refrigerated goods need this cover to ensure that they’re protected in specific situations where their refrigeration equipment breaks down.
Outrisk Insurance team can design customized plans that protect you against specific risks. We will discuss your business needs at length during our initial consultation.
Our claims management team at Outrisk will help you through the challenging process of filing claims. We provide personal services with care and compassion, ensuring you’re fully informed and well equipped for each step of the process.
From start to finish, our team will be there for you. We will:
- Provide expert claims analysis
- Give you technical advice and proper strategies
- Let you know what documentation and evidence you need to prepare
- Help you present claims to providers
- Negotiate with providers to get the highest possible payout
- Manage claims disputes with your best interests in mind
- Keep you updated on the progress of your claim
We are readily available for emergencies! We offer 24-hour assistance for accidents and disasters – just give us a call at 22 352223.
