Home » Wholesalers FAQs

Wholesalers FAQs

How do I file a claim with wholesalers insurance?

To file a claim, contact your insurance provider as soon as possible after an incident. Provide all necessary documentation and information related to the loss or damage, follow their guidelines, and cooperate fully to ensure a smooth claim process.

How can I reduce my premiums for wholesalers insurance?

You can reduce your insurance premiums by:

Improving security measures such as installing alarms and surveillance systems.
Implementing risk management practices to minimise losses.
Opting for higher deductibles can lower your premium but increase out-of-pocket costs in a claim.

What is not covered by wholesalers insurance?

Wholesalers insurance does not cover:

Intentional acts

Wear and tear

Nuclear hazard or war

Environmental damage

Employee theft

Data breaches or cyber-attacks

Business interruption due to pandemic

Professional errors

How is the cost of wholesalers insurance determined?

The cost depends on several factors, including:

Type of products handled
Volume of goods
Business size and location
Security measures

Are there optional coverages available in wholesalers insurance?

Yes, businesses can enhance their policies with optional coverages such as:

Goods in transit
Cyber liability
Legal expenses
Employee theft

What does wholesalers insurance typically cover?

Standard coverage usually includes:

Property insurance
Liability insurance
Product liability
Business interruptions

Who needs wholesalers insurance?

Any business that operates within the wholesale industry, dealing with bulk goods that are stored, distributed, or sold to retailers, other wholesalers, or directly to the public, should consider wholesalers insurance. This includes wholesalers of products like clothing, food, flowers, stationery, and more.

What is wholesalers insurance?

Wholesalers insurance is a specialised form of business insurance tailored to meet the specific needs of wholesale businesses. It provides coverage for various risks associated with the operation of wholesale businesses, including property damage, liability issues, business interruption, and more.

Home selling secrets

Amina was very helpful in sorting out my landlord’s insurance and spotted an error in my cover which helped reduce my premium.

First time landlords

We are first time landlords and you gave good advice and the process was easy and good value.

A pleasure to deal with

A pleasure to deal with, the lady on the phone was a credit to her company.