Wholesale Industry

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Workers’ Compensation for the Wholesale Industry


As a wholesaler, you understand the importance of keeping your employees safe and promptly distributing your goods. Clothing, home furnishing, food and beverage, plumbing and heating equipment suppliers and other types of wholesale distributors face unique challenges when it comes to running their businesses. You may even be faced with a higher risk of employee-related accidents or injuries due to the use of heavy machinery such as forklifts, ladders, or other equipment. With wholesale industry workers' compensation insurance from AmTrust Financial you can help protect your assets and employees against these and other uncertainties in the wholesale industry.

Workers' compensation is required in most states, although certain businesses may be exempt under specific circumstances. However, many business owners with employees opt for workers' comp coverage because of the unique benefits the coverage provides. Your employees are your company's backbone, and ensuring their security is crucial to protecting your business. While you may not always be able to prevent an accident from occurring, you can help make sure your employees and business are financially protected if and when an accident strikes.


Coverage for Work-Related Illness or Injury


If an employee suffers a workplace-related injury, accident, or illness, a workers' compensation policy can help with the following costs:

• Medical treatment
• A portion of lost wages
• Vocational rehabilitation

In addition to offering increased protection for your employees, a workers' comp policy can also limit an employee's ability to sue your business after an injury or illness sustained at work.


Business Insurance for Wholesalers


Small business insurance for wholesalers is designed to protect your business from the common exposures you will inevitably face - like damage to your property, damage to the property of customers and injuries to your employees.

As a wholesaler, you provide products and services that many other businesses rely on. Considering your value in the supply chain, the last thing you need is a stall in your operations. And if something does go wrong, the first thing you need is backup and support to help get things up and running again.

Wholesalers insurance from AmTrust is designed with the specific needs of wholesalers, like you, in mind. We understand the challenges you face and the exposures that are inevitable in your industry. Property gets damaged - both yours and your customers. Employees get injured. Company vehicles are involved in accidents. No matter how careful you are, things happen. Fortunately, with AmTrust behind you, recovery can be fast and thorough, with minimal negative financial impact.


Business Insurance Options for Wholesalers


AmTrust offers a variety of business insurance options to cover the unique requirements of wholesale businesses. Some of these include:


Businessowners Policy

A businessowners policy, or BOP, combines three forms of coverage - general liability insurance and commercial property insurance - into one policy, typically at a better rate than purchasing either policy alone.

General Liability Insurance: Liability is always a potential issue when you are interacting with third parties, such as your customers or even your competitors. General liability insurance can protect you against the costs of damage you do to the property of others. It can also protect you when an action by your company injures a customer or other third party. It can even provide protection when a competitor sues you for libel/slander.

 • Commercial Property Insurance: When your company's property is damaged it can cost you. But having commercial property insurance can help insulate you from those costs. It can cover damage to your inventory, your building, your equipment and more.

• Business Interruption Insurance: If your business is interrupted due to some event-storms, a cyberattack, or another unforeseen circumstance, business interruption coverage can replace money you would have earned through those interactions.

A businessowners policy is available for wholesale businesses who face relatively low risks. Speak to one of our agents to determine if you qualify. If not, you can still purchase individual policies separately.


Commercial Auto

Whether your fleet numbers one vehicle or fifty, you need commercial auto insurance to cover your business when accidents happen - and accidents are inevitable when your vehicles are out on the road. Even if they stay parked, vandalism and theft remain a risk. But, commercial auto insurance can help repair damage or replace
vehicles, so you can get back to business.


How Do I Get Wholesale Business Workers' Comp and Business Insurance?


Let AmTrust Financial help you find insurance policies and coverage limits to help keep your wholesale or distribution business safeguarded. To learn more about wholesaler business insurance options, including workers’ compensation, please contact AmTrust to get a quote today.
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