Insurance for Wholesalers & Distributors

The pace of business in the modern supply chain exposes wholesalers and distributors to risks related to employee injury, mismanaged or mishandled inventory, and a higher degree of wear and tear on vehicles and equipment. These exposures should be accounted for with tailored insurance coverage from a provider that understands distribution businesses.

For wholesale distributors, a comprehensive insurance plan should include coverages that protect everything from your warehouse to your goods while they’re in transit. If you’re looking for affordable wholesaler coverage, request a free quote today using our LaunchPad. We’ll help you find your best in an insurance provider so you can get the policies you need at a price that fits your budget.

What types of coverage do wholesale distributors need?

A distributor’s operations can be disrupted by a number of risks including fire, employee injury, theft, failure to meet client obligations, and more. While coverage requirements for wholesalers will vary depending on their specialization, plans should generally include the following:

• General liability insurance is a broad form of coverage that protects a business against standard operating risks including third-party injury and property damage
• Commercial property insurance protects the physical structures of a warehouse or distribution center along with equipment and other property
• Business income insurance accounts for losses related to a forced closure or work interruption related to a covered event
• Worker’s compensation insurance can help pay for medical expenses and other costs in the event that employee injures themselves on the job
• Inland marine insurance critically serves to protect goods and supplies while in storage or in transit
• Product liability protects a wholesaler in the event that one of their distributed products cause injuries or damages and may also include coverage for recall costs

To have a properly tailored insurance plan, it’s important for wholesalers to discuss the details of their business and their needs with a qualified professional that can help them obtain the coverages above along with additional coverages that may include:

• Crime insurance
• Data breach & cyber liability
• Commercial auto or fleet insurance
• Employment practices liability
• Commercial umbrella insurance
• And more

Let us find your best match in a carrier that specializes in insurance for distributors and wholesalers. Give us a call today or complete our quote request form, and you’ll be able to get the right coverage at the right price.