Wholesalers & Distribution

What is Wholesalers and Distribution Insurance?

Natural disasters, like wildfires or hurricanes, can destroy your buildings, goods, and other properties in the blink of an eye. Your employees are at risk of injury, and unexpected problems or disruptions can financially impact your business.

Wholesalers and distribution insurance consist of one or more insurance coverages that protect your buildings and contents, provide liability insurance, and pay for various other mishaps.

What are Common Risks in the Wholesalers and Distribution Industry?

Some of the more common types of wholesaler and distribution risks are forklift accidents, falling objects, and weather-related incidents. Papers and records could be destroyed, stolen, or impacted by a data breach. Equipment breakdowns can halt your operations. Employees are at risk of slips and falls or injuries due to heavy lifting. Every year, there are fatalities in the wholesale and distribution industry.

To reduce risks in the wholesaler and distribution industry, it is important to evaluate the physical work environment for hazards, including equipment, materials, and substances that employees use in the workplace. It is just as important to evaluate work tasks and how safely employees are performing them. Another area to evaluate for safety is the various interactions between people and equipment, such as loading and unloading materials.

Whatever the risks, a business insurance policy protects wholesalers and distributors.

Coverage Breakdown

• General Liability
• Commercial Property
• Commercial Auto
• Equipment Breakdown
• Workers’ Compensation
• Cybersecurity Insurance
• Property in Transit
• Product Liability
• Commercial Umbrella
• Valuable Papers and Records
• Equipment Leased or Rented From Others
• Business Owners’ Policy (BOP)
• Business Income Loss

Insurance agencies offer a variety of insurance coverages that may apply to your wholesale and distribution business. It is common for insurance providers to offer commercial package policies for wholesalers and distributors, and you may also be able to get standalone coverage. It is best to customize your coverages according to your needs.