What is Wholesalers Insurance?
When your business revolves around supplying and transporting goods, it will come with various risks and exposures for your business. This is where insurance for wholesalers comes into place. The right insurance policy can[CM1] help you to protect your business against the unexpected.
From the risks to your stock, equipment, premises and supply chains, to employees and members of the public.
Let us worry about the insurance cover, whilst you focus on running your business.
What Makes Wholesalers’ Business Insurance Important?
Designed to cover a wide variety of risks, insurance for wholesalers caters to many businesses, covering Material Damage, Business Interruption, Employers Liability and Public and Products Liability – and legal expenses.
Common Risks Faced In Wholesale:
As a wholesaler, you will likely face a multitude of risks when it comes to running your business. This is why having the right insurance is crucial. Common risks faced by wholesalers include:
- Accidental damage to buildings, vehicles, equipment and stock
- Lost or theft of goods
- Injuries in the workplace
- Delays in your supply chain
Our clients include:
What Wholesale Distribution Insurance Policy Do I Need?
Employers’ Liability Insurance
Having cover for your employees, whether they are full-time, temporary or contracted is a legal obligation. Should one of your employees fall ill or injure themselves as a result of their work, employers’ liability insurance will protect you against the cost of potential claims.
Stock Insurance
Protect your stock from unforeseen risks such as fire, theft or damage. With stock insurance, ensure your business continues to operate smoothly without the financial strain of replacing valuable stock.
Buildings Insurance
Ensure that your commercial building or warehouse is protected with a comprehensive building cover. This is designed to cover the costs associated with repairing damage to your property, caused by events like fire, storms or vandalism
Business Interruption Insurance
The right level of business interruption insurance covers lost income and operating expenses, helping you maintain financial stability and recovery, should you face unforeseen disruptions that halt day-to-day operations.
Products Liability Insurance
The products you supply should be covered by products liability insurance. Should your products cause injury or damage, products liability insurance could[CM2] provide cover for legal fees and compensation, protecting your business against potential claims.
Goods in Transit Insurance
Ensure the safe delivery of your products with Goods in Transit insurance. This cover protects against loss or damage to goods while being transported.
Motor Fleet Insurance
The vehicles that carry out your daily activities at the heart of your business are incredibly important. Motor Fleet Insurance, covering multiple vehicles under a single policy, provides comprehensive protection for your fleet, reducing administrative hassle and ensuring continuity of operations.
Public Liability Insurance
Public liability insurance offers protection as part of your wholesaler’s insurance, to protect your business from claims of injury or property damage to third parties.
Let Wentworth Alexander Insurance Brokers Find The Right Wholesalers Insurance For You
Investing in the right insurance policy is vital. Here at Wentworth Alexander Insurance Brokers, we specialise in offering insurance for wholesalers. With many years of experience in the sector, we can provide bespoke cover and advice to meet your specific business requirements.
To learn more about our wholesale and manufacturers’ insurance, contact our team. We’ll take the time needed to discuss your policy and answer any queries you have.
Contact us
Get in touch about your insurance
Our team is ready to help you find the right insurance solution. Speak to our specialists today to discuss your insurance needs.
Our team will be happy to help and provide you with the advice you need.
Redlands
Cliftonville
Northampton
NN1 5BE
Wholesalers Insurance FAQs
Do I Need Insurance For Wholesalers?
If you run a wholesale business and own a commercial building and/or physical assets, you should consider [CM3] covering yourself against potential risks and loss with wholesale business insurance.
Is Wholesale Business Insurance A Legal Requirement?
Whilst wholesale business insurance is not a legal requirement in itself, as a business owner, should you employ any staff as a part of your daily workings, you must have employers’ liability insurance.
However, an insurance policy that covers the whole of your business is a prudent decision to make to gain financial protection.
Can I Buy Business Insurance If I Have Had A CCJ or IVA?
Every insurer will view a CCJ or IVA differently, and therefore it is best to check with your broker on the wholesaler insurance options available to you.
Will Wholesale Insurance Cover Liability Insurance?
Yes, we can ensure that your insurance offers protection for liability, including employers’ liability insurance, product liability insurance and public liability insurance.
How Much Does Wholesalers Insurance Cost?
The cost of your wholesaler’s insurance cover will vary depending on numerous factors such as the size of your business, number of employees, your stock and its value, the security and risk management at your premises, your company vehicles and equipment and their value, and your claims history.
How Can I Get A Quote For Wholesalers Insurance?
Getting a quote on your wholesaler’s insurance cover is easy. All you need to do is call Wentworth Alexander Insurance Brokers today or contact us via our website for expert advice.