Do You Need the Peak Inventory Endorsement?

Published On: December 5th, 2018Categories: Commercial Insurance

When was the last time you had a conversation with your insurance broker about your inventory limits?

During holiday times throughout the year, businesses will bring on additional inventory to sell throughout the holiday season (not just at Christmas) and naturally forget to advise their insurance broker. If you know your organization carries additional inventory at certain times throughout the year, you may want to check in with the team member charged with overseeing insurance considerations to ensure they are aware of having this conversation with their broker.

It is important to take this added step and let us know as some of our insurance carriers offer a Peak Season endorsement as part of their coverage extensions. While these extensions may have restrictions (such as 125% of the average 12-month stock limit), it will still provide added protection in case of a loss while carrying extra goods.

A business may be bustling during certain times of the year. In these cases, we find that the extension limit is still insufficient to protect inventory’s increased value. When we discover these situations, we take time to review coverage with our client to ensure insurance protection is aligned with inventory risk.

We are ready to support your business success. Get in touch with our team today to start a conversation.

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Written by:

Kyle Paterson
Kyle believes that insurance is a tool, when powerfully leveraged best ensures the vision of business leaders and families are realized. Kyle focuses on cyber risk transfer, group benefits, and corporate and individual life insurance solutions.


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