Wholesale insurance can incorporate a variety of covers that can be tailored to your specific business needs to protect your business against a wide range of risks. We appreciate that every wholesale business is unique and requires flexible insurance to cover the risks it faces on a day to day basis. Without the right insurance in place, your livelihood could be exposed to financial loss resulting from unforeseen events.
Wholesalers insurance can protect your premises, stock as well as your legal liability towards staff and customers. We understand the range of activities that you may be undertaking daily, and can arrange insurance that covers your trading activities.
Liability insurance is critical to protect your business against potentially large compensation awards that could result from accidents in the work place. Public liability insurance, which is usually included within wholesaler insurance, can protect you if your clients, visitors or suppliers sustain an injury whilst visiting your premises. Similarly, should one of your employees suffer an injury at work, employers’ liability insurance can protect you against the damages awarded as a result.
As well as ensuring you have adequate protection for all those involved in your business, protecting your assets must be a key consideration as well. Your premises, contents, stock and equipment are all elements of your business that require comprehensive protection against unforeseen events, such as fire, flood, theft and severe weather damage. Your cover can also include protection for a proportion of your stock if it is kept away from your main trading premises.
If you suffered damage at your premises resulting from a fire or flood, this may have a significant impact on your ability to trade and jeopardise the future of your business. Suppliers may be reliant on your shipments, and you may have stock ready to come in with nowhere to store it. Business interruption insurance caters for these eventualities, and can not only protect your profit and fixed expenses, but can also help you trade temporarily from another location while you get back on your feet. Business interruption cover can also be extended to protect you should a supplier of yours fail to deliver goods, due to a fire or flood for example, affecting your ability to trade.
Wholesale insurance is a must for any business owner in this sector. We can arrange your wholesaler insurance to ensure your business has the protection it needs. Our advisors are on hand to compare quotes from a panel of trusted insurers on your behalf to help you find the right wholesaler business insurance quote for your business. Call today and we’ll arrange the covers you need.