Compare Business Insurance Quotes for Wholesalers
Insurance for a wholesale and/or distribution business is absolutely critical. PA fire, flood or break-in at your premises could have a devastating impact.
Our tailored wholesalers insurance packages will protect machinery, contents and stock as well as your legal liability risks in the form of public and employers liability insurance.
Your dedicated business insurance advisor will help you understand the various cover options before comparing quotes from our panel of leading insurers, providing peace of mind that you have the right cover at the right price.
What Are The Key Insurance Risks for a Wholesale Business?
Aside from the obvious protection of buildings, stock, machinery and contents, if your wholesale business has employees then you are required by law to purchase employers liability insurance. Employers liability provides cover for legal costs and compensation payments following claims by an employee for injury or illness sustained as a result of their employment with your firm. For example, a common cause of claim for wholesalers is from employees suffering from long-term chronic back injuries relating to lifting.
Depending on the type of goods you distribute, products liability insurance can also be very important. Products liability provides protection against claims from members of the public who have suffered injury or illness as a result of a product you have supplied. Whilst you may believe that the manufacturer is ultimately responsible, claims will be directed to a wholesaler in the first instance – insurers may seek to subrogate the loss from the manufacturer, however where goods are purchased from the Far East this can be problematic.