Why you need insurance for your wholesale or distribution business
Recover quickly and keep running – that’s the key to wholesaler and distributor insurance.
A Markel Specialty business insurance plan can help your operations run smoothly. It offers the financial protection you need to quickly recover from common wholesaler and distribution issues, such as:
- Third-party injuries
- Faulty products
- Damaged or stolen inventory
- Injured employees
Because your inventory is central to your operations, the importance of commercial property insurance can't be overstated. Commercial property insurance can help pay to repair or replace your business property if it is stolen or damaged.
This coverage makes sure you can quickly bounce back from an unexpected disaster and repair or replace essential equipment and assets such as:
- Office space or warehouses
- Heavy equipment
For on-the-job accidents, Markel Specialty offers separate workers compensation insurance plans. As your business probably deals with heavy pallets, fork lifts, and high shelving, workers compensation can pay for costs associated with occupational illnesses and injuries including:
- Medical expenses
- Partial wages while the employee recovers
- Legal expenses if your business is sued over a work injury
- Funeral expenses if an employee dies from a work injury