TT brief: choosing a storage warehouse
When choosing a warehouse, are you aware of all the risks?
Initial practical considerations will inevitably relate to location, proximity to transport networks, capacity, availability of labour and rental prices and/or land costs. A key decision will be whether you intend to own or lease the property, as there will be considerable differences in your responsibilities such as for the maintenance of the warehouse and your legal liabilities.
When entering any contract, it is critical to understand your obligations fully to mitigate risk. This TT Brief provides a checklist that will assist warehouse operators in avoiding the pitfalls that could lead to unnecessary insurance claims or other disputes.