Inventory valuation and seasonal peaks
Review this carefully when evaluating the insurance program and preparing a submission.
Insurance for Wholesalers & Distributors
Wholesalers and distributors connect manufacturers to customers. That creates a mix of inventory, products, transportation, contract and property exposures that should be reviewed together.
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.
Inventory & propertyStock values can change quickly. Limits should reflect peak inventory, racking, equipment and improvements—not just an average month.
Products liabilityA distributor can be named in a product claim even when another company made the product.
Commercial autoSales vehicles, delivery trucks and hired/non-owned autos can materially change the account.
Cargo & transitKnow when your responsibility begins and ends while goods are moving between suppliers, warehouses and customers.
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.
Vendor and customer contract requirements
Review this carefully when evaluating the insurance program and preparing a submission.
Product origin, end use and recall exposure
Review this carefully when evaluating the insurance program and preparing a submission.
Owned, hired and non-owned transportation
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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