For business
Warehouse stock insurance
For trading and distribution companies, inventory often makes up the bulk of their assets. A single fire, heating system failure or theft can destroy stock that has already been paid for. A warehouse stock insurance policy reimburses the value of lost or damaged goods. In the Insurance Center calculator you enter the value of your stock, the product category, the risks and the deductible, and then compare offers from licensed insurance companies in Kazakhstan.
Who it is for
The programme is designed for legal entities and entrepreneurs who store goods in their own or rented warehouses:
- wholesale and retail companies;
- distributors and importers;
- manufacturers storing raw materials and finished products;
- companies whose inventory is pledged to a bank.
Why goods are insured separately from the building
The warehouse owner's policy usually protects the building itself and its utility systems, but not the tenants' goods. Even if the building is insured, the owner of the goods may be left without compensation after a fire or flood. In addition, stock levels and composition change constantly, so valuing them requires a different approach from valuing real estate. A dedicated programme takes into account the product category, storage conditions and accounting specifics, which makes protection more precise and claims settlement clearer for both parties.
How the product category affects protection
The calculator distinguishes four categories. Non-food goods are the most standard option. Food and perishable goods depend on temperature conditions, so the risk of refrigeration equipment breakdown is relevant for them. Electronics and household appliances are high in value but small in size and are more often targeted by thieves. Flammable or hazardous goods increase the fire load and require special storage conditions. Specifying the category accurately helps you get a correct calculation and avoid disputes at the time of payment.
Risks you can include
Property risks
- Fire and explosion
- Flooding and utility system failures
- Natural disasters
- Falling objects, including racks and structures
Unlawful and technical risks
- Burglary and robbery
- Unlawful acts of third parties
- Refrigeration equipment breakdown and spoilage of goods
What to check
Look at how the contract determines the value of goods: at purchase price or at selling price. Check the procedure for recording changing stock levels and the storage requirements: racking, distance from the floor, temperature, security and alarm systems. Clarify whether cover extends to goods being loaded or stored in the warehouse yard.
Records are the basis for payment
The amount of loss is confirmed by warehouse and accounting records: waybills, inventory sheets and data from your accounting system. Keep backup copies of your records off-site so you can restore them after a fire or flood.
When a claim may be refused
- A shortage found during a stocktake with no signs of burglary.
- Spoilage of goods due to expiry or their natural properties.
- Breach of the storage conditions specified in the contract.
- The event is not among the selected risks or occurred at a different storage address.
What affects the cost
| Parameter | Effect |
|---|---|
| Stock value | The basis for calculating the premium in tenge |
| Product category | Hazardous and perishable goods cost more to insure |
| Set of risks | The broader the cover, the higher the price |
| Deductible | From 1% to 5% — reduces the cost of the policy |
| Storage conditions | Security and fire protection are taken into account by the insurer |
What to prepare
To apply you will need the company's registration details, the warehouse address and a document confirming the right to use it, information on average and maximum stock levels, and a description of the security and fire-extinguishing systems. The insurer may request photos of the warehouse or carry out an inspection.
How to get a policy through Insurance Center
Calculation on the website
Enter the stock value, product category, risks and deductible in the calculator.
Comparing offers
Compare the prices and terms of insurance companies, including storage requirements.
Purchase and payment
Pay for the selected policy and receive it by email.
What to do in the event of an insured event
- Stop the damage from spreading: call the fire brigade or emergency service and move the undamaged goods.
- In the event of theft or unlawful acts, contact the police.
- Notify the insurer of the event within the period set in the contract.
- Do not dispose of damaged goods before the inspection; record the damage in photos and videos.
- Carry out a stocktake and submit the accounting documents together with your claim.
How to choose a programme
Start by analysing your goods: for food, be sure to consider refrigeration equipment breakdown; for electronics, theft and unlawful acts; for any warehouse, fire and flooding. Then decide on a comfortable deductible, and only after that compare the cost of offers.
This material is for reference only; the final terms are set by the insurance rules and the contract.
How Insurance Center can help
Insurance Center compares offers from licensed insurance companies in Kazakhstan, helps you determine the right sum insured and list of risks, and in the event of a loss supports your company until the payment is received. Calculate your policy online or call +7 727 225 40-40.
