#ops-inventory
Amazon
Thread
Hey everyone! I am looking for an insurance policy for my stock.
• purchasing price worth 400k EUR
• warehoused in 3PLs in Czechia and Spain
• need to be insured also against loss of profit
Do you happen to know any good providers?
@Deb Mukherjee <@U0817P7A3GC> @Matt Hertz - ThirdPerson.co got any recs?
Can check - not very sure how it is but big brands do use it
What I've learned in working with hundreds of brands and 3PLs is to never rely on the 3PL’s insurance policy! They usually only cover 'negligence' (which is hard to prove) and cap payouts at something low like $0.50/lb. If the warehouse burns down from a lightning strike (not their negligence), you get $0.
I would talk to Marsh (Bluestone team) or Founder Shield. Both popular in DTC. Founder Shield good for high-growth startups, very digital-friendly.
Thanks, @Matt Hertz - ThirdPerson.co, I will take a look