Wholesalers have unique exposures that must be considered in their risk and insurance programs. Contractual risk transfer language from suppliers and customers 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:
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:
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 Compensation Insurance:
Workers' compensation insurance provides benefits to help employees recover from work-related injuries or illnesses. It can also benefit employees' families if they lose their lives in a workplace accident. Factors such as job risk, claims history and payroll size can affect workers' compensation costs.
Commercial Umbrella Insurance:
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:
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.
We advise not waiting for an event to audit your program and make necessary adjustments.
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