Wholesale and Suppliers Insurance - Protect Your Business

Wholesale and Distribution Insurance

Insurance for wholesalers, importers, exporters, warehousing and distribution companies. When you run a wholesale or distribution business there are risks involved in almost every part of the supply chain. If machinery breaks down or stock is damaged it can affect your operation and wholesale and distribution insurance gives you more flexibility and control when things go wrong.

Horner Blakey

Insurance Brokers

What is wholesale and distribution insurance?

As expert insurance brokers in London, we are able to support you with wholesale and distribution insurance. Our second location in Billericay allows you to be supported by our local insurance brokers in Essex.

Wholesale and distribution insurance is designed to help business owners manage some of the risks faced by their warehouse business every day. From fire and flood protection to covering losses caused by theft or marine shipment loss, wholesale and distribution insurance puts a financial buffer in place that you can rely on when you need it most.

boxes stacked on shelves in a warehouse

Do I need wholesale and distribution insurance?

If you operate in the wholesale and distribution sector, there are a host of unique challenges and risks that can appear at any time. And the more you can reduce the impact of any disruptions to your business, the less it will affect your customers and their perception of your brand.

Not only do you need to take care of your staff, but also the stock held in your facility and the building itself. There is only so much you can control, so should an unexpected event occur you ned to be in a position to react quickly.

Wholesale and distribution insurance can give key elements of your business the protection they need, enabling you to plan ahead with some certainty. In exchange for paying an affordable premium every month you’ll have peace of mind that you have the right level of financial protection for your business.

Horner Blakey have established relationships with some of the UK’s largest insurance companies and will work with you to create a bespoke policy that remains flexible to your changing needs.

Before proceeding, always read the full details of your individual policy as terms and conditions will apply.

What does wholesale and distribution insurance cover?

When creating a wholesale and distribution insurance policy it is important to cover the fundamental areas of your business first, before including additional extras. This includes:

Business interruption

You can receive financial cover if your facility is temporarily closed for a certain period due to a covered loss at your business.

Warehouse stock

Protection for stock while it is being stored and sent for delivery from your warehouse. Flexible options available to account for fluctuating stock values throughout the year.

Equipment breakdown

Whether you use forklift trucks, conveyor belts or any other type of equipment, including computers. This insurance can protect your tools and specialist engineering equipment against any breakdowns.

If you employ staff in your business, you are legally obliged to have employer’s liability insurance in case anyone is injured or falls ill when working for you. You also may want to consider public liability insurance if you have any direct interaction with clients or members of the public, and deterioration of stock insurance covers damage to goods stored in specified cold storage areas.

How much does wholesale and distribution insurance cost?

The cost will depend on your facility, the type of business you run and your associated activities. When building your quote, insurance companies will consider your overall risk profile, which means the cost can vary greatly between premises and business types.