Wholesalers and distributors face a range of risks.
Wholesalers and distributors can face a wide range of risks. Damage to products, shipping accidents and data security issues can significantly impact a wholesaling or distribution business. Even so, people who manage risk for these firms can rest assured that The Hartford is there to help businesses reduce risks and prevail through crises and unexpected events.
Recommended Coverage for Wholesalers and Distributors
Property Choice® for Wholesalers and Distributors helps protect the property a wholesaling or distribution firm owns and leases, including things like computers, supplies and equipment. Our Specialized Property Insurance Coverage Endorsement (SPICE®) can enhance and customize Property Choice coverage to meet the needs of different types of wholesalers and distributors. And for growing wholesale and distribution businesses, The Hartford makes it easy to cover newly acquired property.
Helps cover property damage, including damage to rented properties, and accidents related to running a wholesale or distribution business. General liability coverage from The Hartford can also help protect business assets in the event of a lawsuit for claims of negligence, personal injury, faulty products, false advertising, libel, slander, errors, omissions, and more. This coverage can be customized by the business to meet the needs of almost any wholesaler or distributor.
The Hartford has flexible options that can be tailored by businesses to the individual needs of different types of wholesale and distribution businesses. This coverage can help reimburse costs related to the physical loss or damage to computer hardware, computer software, loss of data, and damage caused by computer viruses. When traveling on business, it also covers portable computer equipment within limits worldwide.
Helps covers the structure and contents of a warehouse or distribution center in the event of a flood. The Hartford is the third largest provider of flood insurance in the country and has been offering this coverage for more than two decades.
Our end-to-end cybersecurity solutions helps protect wholesalers and distributors from a broad range of potentially severe third-party liability and first party risks associated with data privacy and network security breaches, including hacking, malicious software, activities of rogue employees, hardware theft, employee error and more.
Helps protect against management liability risks faced by wholesale and distribution businesses and their management teams. Our offering includes:
Directors, Officers and Entity Liability Coverage (D&O) – helps protect wholesale and distribution businesses, their directors, officers and management personnel against loss that arises out of the day-to-day operations and management of the company.
Employment Practices Liability Coverage (EPL) – helps protect wholesalers and distributors from damages and defense costs that arise out of employment-related disputes, including but not limited to alleged discrimination, sexual harassment, violation of the Family and Medical Leave Act, refusal to hire and wrongful termination or discipline.
Fiduciary Coverage – helps cover employee claims related to the design, administration and maintenance of company-sponsored retirement, health, and other employee benefit plans.
Crime Coverage – helps protect wholesalers and distributors against loss from employee theft, computer fraud and other similar crimes.
Kidnap/Ransom & Extortion Coverage (K&R) – helps protect against financial losses due to kidnap and ransom/extortion, both in the U.S. and abroad.
Wholesalers and distributors that ship or sell products outside the U.S. face distinct risks. The Hartford offers coverage for firms that conduct business overseas but have no permanent employees or locations there. Coverage includes:
General liability coverage for bodily injury and property damage, advertising errors, and medical payment claims that happen outside the U.S.
Property coverage for office equipment and other business property lost or damaged while travelling outside the U.S.
Contingent Hired and Non-Owned Auto liability and Hired Auto physical damage coverage can help pay the losses on rental car accidents that happen outside the U.S.
Employers’ responsibility coverage for employees who get injured or contract a disease while conducting business overseas.
Business Travel Accident and Kidnap Ransom and Extortion coverages support employee and others for safety and well-being while abroad.
24/7 travel support services including emergency medical evacuation, personal services, access to local attorneys, and more.
The Hartford is a leading provider of Workers’ Compensation Insurance. XactPAY® offers pay-as-you-go workers’ compensation premium payments based on actual monthly payroll figures to help better manage cash flow fluctuations and minimize audit adjustments. Best of all, this coverage is offered at no extra cost.
Covers vehicles a wholesale or distribution business owns, leases, rents or borrows – on the road and off. At no additional cost, commercial auto insurance helps cover electronic equipment in vehicles, along with lease and loan gaps. For wholesalers and distributors, we offer FleetAhead, a commercial vehicle solution that uses telematics and real-time data to help fleet owners identify risk and prevent accidents. Participating companies can get a 15% discount on their premiums.
The Hartford’s innovative Risk Engineering team strives to assist wholesale and distribution companies run safer and ultimately more profitable with loss control services that include risk exposure evaluations, consultations, and recommendations for improving businesses’ safety and security.
The coverages and services described herein are summaries only. All policies should be read carefully to determine exclusions, limitations and other terms and conditions. In the event of a conflict, the terms and conditions of the policy will govern. All coverages and services may not be available for all businesses or in all states. Please contact your agent or broker for details.
Coverage is underwritten by Hartford Fire Insurance Co. and its property and casualty insurance affiliates (CA lic #8701). In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In WA, this insurance is written by Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Accident and Indemnity Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Sentinel Insurance Company, Ltd. and Hartford Insurance Company of the Midwest.