3PL Warehouse Insurance Broker Reveals Hidden Risk Secrets

Financial Implications and Cost Considerations

The cost of 3PL warehouse insurance varies based on several factors, including the size of the facility, the types of goods stored, and the level of coverage required. On average, small to mid-sized warehouses might spend between $1,500 to $3,000 annually on general liability insurance³. However, comprehensive packages that include additional protections like warehouse legal liability and cyber insurance can increase these costs.

Investing in the right insurance not only protects against financial losses but also enhances your credibility with clients, who will appreciate the added security for their goods. Some insurance brokers offer discounts for warehouses that implement advanced security measures, such as surveillance systems and fire suppression technologies⁴.