Is your client a product middleman? Wholesalers have specific insurance requirements and need a tailored policy that covers all the risk factors to their property, products, employees, equipment, and vehicles.
Who Needs Wholesalers Insurance?
Whether it’s a mom and pop shop or a Canada-wide franchise, every company distributing products to customers for resale needs this type of coverage. South Western Group’s specialized CGL policy can cover the following categories:
- Cross liability: Cross liability ensures coverage for the insured against another party insured under the same contract.
- Contingent Employer’s Liability (CEL): This type of insurance coverage protects employers from lawsuits arising from workplace injuries that are not covered by standard workers’ compensation policies. Note that this coverage differs depending on the situation in which it is applied.
- Product Completed Operations coverage (Broad Form): This insurance extension makes it so that the CGL policy covers all property damaged by the negligent work of a contractor, including the parts of their work that were not defective or performed negligently but damaged as a result.
A wholesaler’s insurance options will depend on their unique business risk factors. For example, wholesalers should provide their insurance brokers with information about what kinds of products they distribute, from where their products are sourced, whether they are perishable and/or fragile, the size and scope of their operation, and what delivery service options they provide. Knowing these factors and others will determine the company’s insurance needs.
SWG CGL Protects Your Client’s Hard Work with a Policy that Fits Their Needs
SWG CGL – Commercial General Liability insurance is designed to protect the products or services of small and large businesses. As careful as wholesalers might be, there are unforeseen events that can happen to every business.
Whether your client is a store owner, office professional or wholesaler, commercial general liability insurance coverages can be customized to protect your client against the unique risks and exposures they face.
SWG CGL – Commercial General Liability policy can protect businesses from financial loss should they be liable for property damage or personal and advertising injury caused by their services, business operations or their employees. It can cover non-professional negligent acts for which they might become responsible.
Coverage Highlights:
- Cross liability
- Contingent employer’s liability
- Product Completed Operations coverage (Broad Form)
- Our policies are on occurrence form, we can however also offer claims made option
- Our policies can offer enhancement coverage to include, Faulty Workmanship, Product Recall coverage, Employee Benefit, Employer’s Comprehensive Bodily Injury Liability, Sub-limits for Errors & Omissions, as well as Manufacturer’s E&O and Employment Practices Liability
- Limits up to $10,000,000
- Deductibles start at $1,000 and can be customized to the size of the business or type of operation
- Coverage can be provided for sales into the U.S. and Worldwide
**Insurance coverage may differ across provinces.
*Content is current as of the date of broadcast and is subject to change without notice.
