3PL Warehouses Rejoice Ultimate Insurance Claim Review Strategy
Real-World Examples and Financial Implications
In the competitive world of 3PL warehousing, the financial implications of insurance claims are significant. For example, a warehouse that experiences a major fire without adequate coverage could face losses exceeding millions of dollars. By contrast, a facility with a robust claim review strategy might recover a substantial portion of those losses through insurance settlements. According to industry reports, warehouses with proactive claim strategies often see a 30% increase in successful claim resolutions1.