Wholesalers possess unique exposures that must be considered in their risk and insurance programs. Contractual risk transfer language from those who are suppliers as well as to the customer can materially alter how a program is designed.
Mason-McBride works closely with your team to help secure appropriate competitive coverage options for your operations.
Notable exposures currently getting attention in the marketplace are:
Business property insurance covers equipment, signage, inventory, and furniture in the event of a fire, storm, or theft. However, it doesn't cover mass-destruction events like floods and earthquakes.
General liability insurance can help protect your business against claims for bodily injury, property damage, advertising injury, errors, or omissions. In addition, without this coverage, you may be responsible for paying out of pocket for legal costs, such as attorney fees and settlement amounts.
Workers comp insurance gives your employees benefits to help them recover from a work-related injury or illness. It can also benefit your employee's families if they lose their lives in a workplace accident. Different factors, such as job risk, claims history, and payroll size, can affect workers' compensation costs.
Commercial umbrella insurance extends the coverage limits for some of your liability policies. So, if a claim exceeds the limits on your policy, your umbrella insurance can help cover the difference.
Cyber liability insurance helps your business respond to a data breach if identifiable information gets lost or stolen personally. In addition, many policies will include extortion coverage, business income protection, and systems failure, all caused by a breach.
Our professional team can help you navigate the insurance marketplace and conduct a risk review. We advise not waiting for an event to audit your program and make necessary adjustments.
Tailored to Your Business
Other coverages can be put into place for your business's specific needs. These coverages include but are not limited to: workers' compensation, crime insurance, property in transit, product liability, and commercial umbrella insurance. Other business-specific ranges include liquor liability, motor carrier coverage, non-trucking liability, and crime.
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