Deterioration of Stock
Protection for temperature-controlled goods with deterioration of stock insurance
When it comes to the storage of certain goods, such as food produce and medical supplies, temperature control can be a critical factor. And when equipment failure, power outages and failure of temperature regulation occurs, stock can be damaged or destroyed, causing significant financial loss for businesses.
Deterioration of stock can arise from:
- accidental damage
- refrigerant contamination
- failure of utilities
We can insure the deterioration of stock in isolation or combine it with, for example, material damage to the refrigeration machinery and control equipment.
For more information on cover for deterioration of stock, contact your NMU Development Underwriter.