Premiums from as little as
Business Insurance for Wholesalers
Wholesalers are vital parts of the supply chain. All types of businesses – from fashion retailers to furniture stores, plumber merchants to food retailers – rely on wholesale for stock, when they need it. Failure to deliver on time, whatever the cause, can have serious repercussions for those further down the chain. As a result, reputational damage and loss of custom is likely to happen next.
Whether your wholesale business is a specialist provider or a multi-sector distributor, our team of wholesale insurance brokers can help you find customised insurance coverage that meets your specific needs.
As an insurance company, we have access to a wide range of coverage options from various insurance providers. We conduct thorough searches on your behalf to ensure you receive the protection you need.
Key Features and Benefits
- Premiums from £1,377 per year.*
- Quotes from a panel of A-rated insurers.
- Single, flexible policy — tailor made to suit your requirements.
- Dedicated adviser throughout your policy.
- No midterm amendment fees should you need to make a change.
- Access to a 24-hour legal helpline.
- Flexible payment options including direct debit.
- Access to documents anytime, anywhere via our secure portal.
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What Wholesale Business Insurance do you Need?
Wholesalers play a vital role in the supply chain, serving as the backbone for various industries. Many depend on wholesalers for prompt stock replenishment, and any delays can result in reputational damage and loss of customers.
Numerous issues can disrupt operations, including serious incidents affecting storage and distribution, utility failures, and logistical challenges. Given these potential disruptions, effective insurance coverage is essential to protect business premises and ensure continuity.
Business Interruption Insurance
The right wholesaler insurance policy ensures your business and reputation are protected against unforeseen circumstances. Business interruption cover is vital for safeguarding against income loss during disruptions caused by insured physical loss at your business premises. Cover can be extended to protect you if you are dependent on a supplier, or a customer, and they suffer damage at their premises which directly impacts your gross profit.
Product Liability Cover
Product liability insurance covers the expenses associated with compensating individuals who have been injured or whose property has been damaged due to a faulty product that your business designs, manufactures, or supplies.
While comprehensive business insurance can cover many risks, there are exceptions. For instance, goods imported from the East Asia without a rights of recourse agreement may not be covered.
Employers Liability Insurance
It is a legal requirement for wholesalers to have employers liability cover to protect against employee claims. This protects you if a one of your staff gets injured or sick as a result of working for you.
Public Liability Insurance
As your wholesalers is likely to be open to the public, you should also consider public liability cover to protect against claims of injury or property damage.
Navigating business insurance cover complexities can be time-consuming and risky. To ensure you receive the right insurance at the right price, consulting a wholesale insurance broker is advisable. They provide expert guidance tailored to your requirements, helping you secure the best possible coverage.
You Could Save Over 30%*
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Optional Covers Include**
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Book debts.
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Business interruption insurance.
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Commercial legal expenses.
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Deterioration of refrigerated stock.
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Directors and officers insurance.
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Employers liability insurance.
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Engineering inspection.
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Equipment breakdown.
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Fleet.
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Goods in transit.
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Group personal accident and travel.
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Legal expenses.
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Marine cargo.
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Money.
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Personal accident.
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Product recall.
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Product liability insurance.
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Specified all risks.
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Stock throughput (items insured throughout the supply chain).
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Terrorism.
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Theft by employee.
£1,377
In the last 12 months our customers have paid as little as £1377 per annum for wholesale insurance. That’s just £26 per week!
50% of our wholesale customers paid less than £9,662.28 per annum.***
* Please click here to view our pricing disclaimer.
** Standard and optional cover may differ dependent upon insurer.
*** Data compared from 36 policies sold in 2023. 20 customers paid £1377.43 or less, which represents 56%. £26 per week is based on the annual premium divided by 52 weeks. However, paying monthly is usually more expensive as you'll pay interest. Amounts are rounded up or down to the nearest £1.
Frequently Asked Questions
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Wholesale insurance is a type of cover specifically designed for wholesalers and distributors. It protects businesses that purchase goods in bulk from manufacturers and sell them to retailers or other businesses. This insurance typically covers property, liability, and other risks associated with the wholesale distribution process.
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Wholesalers face multiple unique risks, including property damage, product liability, and business interruption. Insurance helps protect against financial losses due to accidents, theft, or lawsuits, ensuring that the business can continue to operate smoothly.
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The cost of wholesale insurance varies based on several factors, including the size of the business, the types of products sold, the level of cover needed, and the business's claims history. Our advisers will get quotes from multiple insurers to find the best coverage at a competitive price.
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It is best to work with a specialist broker who will help you assess your business's specific risks and needs and then tailor a policy for you. You should consider factors such as the types of products you sell, the size of your inventory, and your business operations.
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If you need to file a claim, contact your insurance provider as soon as possible. They will guide you through the claims process, which typically involves providing details about the incident, any supporting documentation, and following their specific procedures.
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Common exclusions may include damage caused by wear and tear, intentional acts, and incidents where you have been reckless. It's essential to read your policy carefully and discuss any exclusions with your insurance broker.
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Reviewing your insurance policies regularly is essential to ensure that your coverage remains adequate and relevant to your business needs. Your broker will review your policy with you prior to renewal but it is important to flag if anything changes mid-way through your policy, such as you have expanded your operations, acquired new equipment or relocated to a new facility.
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