Get Insane E&O Coverage Deals for 3PL Warehouses
Real-World Examples and Statistics
According to a study by the International Warehouse Logistics Association, businesses that invested in comprehensive E&O coverage saw a 20% reduction in financial losses due to claims1. Furthermore, the Insurance Information Institute reports that companies with specialized E&O policies tailored to their operations typically experience fewer disruptions in service2.
For instance, a mid-sized 3PL warehouse that implemented a tailored E&O policy reported saving over $50,000 annually in potential legal fees and settlements3. These savings can be reinvested into business growth, enhancing operational efficiency and expanding service offerings.