#United States #Scottsdale #TIMBY Insurance #Warehouse Liability #Logistics Coverage

TIMBY Specialty Insurance Solutions Introduces Warehouse Legal Liability Coverage

In a strategic move to enhance its offerings in the logistics and transportation sector, TIMBY Specialty Insurance Solutions has announced the launch of its new Warehouse Legal Liability Coverage (WHLL). This innovative product is engineered specifically for public and contract warehouses that manage third-party property, significantly broadening the company’s scope in the inland marine insurance market.

Based in Scottsdale, Arizona, TIMBY's new WHLL product features coverage limits reaching up to $5 million per location and encompasses more than merely storing goods. Warehouse operations face complex challenges today, including handling, repacking, and processing of stored inventory. The WHLL coverage addresses these evolving needs, making it a timely solution for modern warehouses.

Founded in June 2021 by Tyler Van Spanje, an accomplished specialist in inland marine insurance, TIMBY has quickly established a strong presence in the industry. Initially focused on products such as auto physical damage and motor truck legal liability for motor carriers, the company has since diversified its portfolio to include contractor’s equipment coverage for the construction sector. With the introduction of the WHLL product, TIMBY reaffirms its commitment to providing comprehensive insurance solutions tailored to the logistics industry.

“Building on our initial success in the inland marine market, the launch of this new warehouse legal liability coverage is a significant step forward in our journey into the transportation logistics area,” remarked Van Spanje, who serves as TIMBY’s CEO and Founder. He emphasized the importance of blending technology with traditional underwriting processes to create solutions that meet the dynamic requirements of distribution partners.

Targeted at public and contract warehouses that charge fees for storing others' property, this new product acknowledges the changing landscape of e-commerce operations, particularly in packaging and repackaging. Companies are increasingly concerned about supply chain risks, prompting many to stockpile more products than previously required. Consequently, this escalation in stored inventory heightens potential liability exposures, making adequate coverage essential.

Brokers are encouraged to engage their clients in discussions about the types of goods held in warehouse facilities to ensure that the appropriate coverage is in place, something that TIMBY’s warehouse legal liability product is meticulously designed to address. The need for such tailored insurance solutions has never been more critical, as logistics and distribution continue to evolve amidst fluctuating market demands.

About TIMBY Specialty Insurance Solutions

Founded with a mission to deliver best-in-class coverage solutions across various industries, TIMBY is committed to providing innovative insurance options for the transportation, logistics, energy, and construction sectors. Their offerings include not only Warehouse Legal Liability but also Motor Truck Cargo, Contractor's Equipment, and a continually expanding suite of inland marine specialty coverages. Each product is well-supported by A-rated admitted capacity, ensuring clients receive high-quality solutions.

Mission Underwriters Connection

Specializing in technology-enabled underwriting, Mission Underwriters collaborates with TIMBY, providing entrepreneurial underwriting possibilities primarily in the commercial lines segment. Their partnership enhances TIMBY’s ability to offer cutting-edge solutions to meet the insurance needs of dynamically changing industries.

For further information, visit TIMBY’s official website at timbyins.com to explore the distinctive insurance offerings designed to mitigate liabilities while enhancing operational efficiencies in today’s competitive marketplace.