Distributors, Wholesalers, Retailers

If your business involves the sale or distribution of goods produced by other company, you have some unique insurance exposures. Some considerations are as follows:

• Transportation

  • Who is responsible for both incoming and outgoing goods?
  • If common or contract carriers are used, what is the extent of their liability?
  • While your contract may state that another party is liable for goods in transit, if you have not been paid, it may be difficult and expensive to collect in the event of a damaged or lost shipment.
    
    
• Fluctuating Inventories: Many businesses experience seasonal inventory fluctuations. We offer peak season coverage which increases coverage when needed.
  
  
• Vendors Liability: Have your customer’s requested to be named as additional insured on your insurance? Are you named as additional insured on your vendor’s insurance?
  
  
• Product modifications? If you are modifying, changing or altering a manufactured product, you may have increased product liability exposure.

We can assist you with the identification of these and other exposures, and suggest ways cover and/or transfer your risk.

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