Machinery and equipment dealers
Review this carefully when evaluating the insurance program and preparing a submission.
Industrial Equipment Distributor Insurance
Equipment distributors often do more than sell a box. Demonstration, installation, repair, training and imported components can create exposures beyond ordinary wholesale operations.
What to Think About
The policy should match how the business actually operates.
Coverage needs depend on the products, contracts, property values, transportation arrangements and services involved. These are some of the issues worth reviewing.
High-value inventoryA relatively small number of machines can represent a large property concentration.
Installation & serviceField work may create completed-operations and professional/service exposures.
Products liabilityEquipment failures can cause bodily injury, property damage or downstream production losses.
TransitLarge machinery may require specialized cargo and rigging arrangements.
Submission Checklist
Information that helps tell the story to underwriters.
Better information can help carriers understand the risk instead of making assumptions from a class code alone.
Automation and controls distributors
Review this carefully when evaluating the insurance program and preparing a submission.
Material-handling equipment
Review this carefully when evaluating the insurance program and preparing a submission.
Industrial parts and components
Review this carefully when evaluating the insurance program and preparing a submission.
Related Distribution Topics
One exposure rarely stands alone.
Property, products, transit, customer goods and business income often overlap in a wholesale or distribution account.
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