As a wholesaler or distributor, your business has heightened risks because of the amount of stock kept on-site. A specialty wholesaler and distributor insurance policy protects you from the unique financial risks associated with this type of business.

In stock. In transit. At risk

Wholesalers and distributors face some special risks by the nature of their business. Simply having large amounts of stock on the premises or in transit increases the financial risks of fire, flood, or theft. However, you then have to factor in the costs and claims for compensation from the effects the damaged or lost stock has on your customers' supply chains.

Three areas of insurance coverage in one policy.

Specialty insurance policies for wholesalers and distributors are usually highly customizable to your particular needs including having appropriate coverage limits to reflect the high value of a full warehouse of stock. Usually, you'll have three basic components: property insurance to cover the stock itself, protection against loss of income if your facility is put out of action, and liability to cover claims for injury or property damage visitors suffer while on your premises or your delivery staff cause elsewhere.

Additional coverage options available.

You'll also usually have the option to add additional types of coverage such as protection against a data breach, human resources and employee claims, loss of power or communication at your facility, or damage to equipment that you have leased.

To make sure your business is adequately covered, contact us today.