Many seafood businesses rely on public warehouses to pay losses and either don't insure or use a standard package policy to provide coverage – a big mistake. The majority of warehouses in the US have a limitation of liability of either $0.50/lb or 200 times the storage charge. This is little help with products ranging in value from $2.00/lb to $14.00/lb. “Perils insured” should be identical to those of the cargo policy. Plus, the storage coverage should be in the cargo policy to eliminate “finger pointing” by separate insurers on hidden damage losses.