Deterioration of Stock in Cold Storage Insurance
Engineering Insurance
Product Overview
This policy is intended to cover losses resulting from the deterioration of stocks in cold storage rooms, fridges, or freezers due to a breakdown of the cooling machinery.
It is suitable for business owners who store large quantities of goods in fridges, freezers, or cold storage rooms for extended periods, such as restaurants, supermarkets, and frozen food retailers.
Key Coverage
This policy offers coverage
for the following basic perils
Changes in cooling temperature due to;
breakdown of the refrigerating apparatus at the premises damage to the apparatus by any accident cause
Unforeseen and sudden escape of refrigerants in the cold-storage rooms in the case of controlled atmosphere storage
Incorrect composition of the storage temperature
...resulting from material damage to the refrigeration plant, which is covered under the accompanying Machinery Breakdown policy.
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