What is Wholesalers Insurance?

Wholesalers insurance is a specialised type of business insurance designed to meet the unique needs of wholesale businesses. These businesses typically operate from warehouses or distribution centres and deal with large quantities of goods that they sell to retailers, other wholesalers, or directly to consumers. Given the nature of their operations, wholesalers face specific risks, including damage to inventory, equipment failures, and logistical challenges.

We also specialise in all types of wholesale trades, offering a range of optional extras. These can cover everything from loss or damage to stock, computer breakdowns, goods in transit, legal expenses, and much more, allowing you to customise your coverage extensively.

We cater to a diverse array of shop and warehouse operations, from clothing boutiques and stationery shops to florists, convenience stores, food vendors, and beyond. No matter the type of wholesale business you operate or the level of stock you manage, we’re equipped to handle your specific insurance needs, even those involving high-value items and general liabilities.

Getting started with us is straightforward and hassle-free. Simply give us a call to speak with one of our expert advisors who will help tailor your policy to perfectly fit your needs.

What does Wholesale Insurance cover?

Our tailored solutions cover: 

  • Property insurance: Protect your warehouses, inventory, and equipment against fire, theft, and other physical damages.
  • Liability coverage: Shield yourself from claims of bodily injury or property damage caused to others by your business activities.
  • Business interruption: Keep your business financially stable if unexpected events disrupt your operations.
  • Goods in transit: Cover the risks associated with transporting goods, whether by your vehicles or through third-party carriers.
  • Cyber liability: Secure your online transactions and protect against digital threats and data breaches.
  • Workers’ compensation: Ensure that your employees are protected in case of work-related injuries or illnesses.

What isn’t covered?

There are a few things that are typically not covered by wholesalers insurance, such as: 

  • Intentional acts: Damages or losses caused by intentional actions or misconduct by the business owner or employees are not covered.
  • Wear and tear: Normal wear and tear or gradual deterioration of equipment and inventory is typically not covered by insurance policies.
  • Nuclear hazard or war: Any damage due to nuclear incidents, war, and military actions is generally excluded from standard business insurance policies.
  • Environmental damage: Pollution or contamination caused by your business operations might not be covered unless specific environmental or pollution insurance is added.
  • Employee theft: Losses resulting from theft by employees may not be included under standard property or inventory coverage and might require a specific fidelity bond or crime insurance.
  • Data breaches or cyber-attacks: Standard policies do not usually include coverage for cyber risks; however, cyber liability insurance can be purchased to cover these types of risks.
  • Business interruption due to pandemic: Many insurance policies exclude coverage for business interruptions due to pandemics or infectious diseases without specific endorsements.
  • Professional errors: Mistakes in professional services or advice provided to clients aren’t covered under a general wholesaler’s insurance policy and typically require professional liability insurance.

We provide you with great service

  • – Business Interruption (Loss of Income)
  • – Glass Cover
  • – Personal Accident/Assault Cover
  • – Competitive Rates
  • – Buildings Covered
  • – Contents, Stock (including spirits and tobacco) and Equipment
  • – Public & Employers Liability


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Pen Underwriting

Frequently Asked Questions

What is wholesalers insurance?

Wholesalers insurance is a specialised form of business insurance tailored to meet the specific needs of wholesale businesses. It provides coverage for various risks associated with the operation of wholesale businesses, including property damage, liability issues, business interruption, and more.
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Who needs wholesalers insurance?

Any business that operates within the wholesale industry, dealing with bulk goods that are stored, distributed, or sold to retailers, other wholesalers, or directly to the public, should consider wholesalers insurance. This includes wholesalers of products like clothing, food, flowers, stationery, and more.
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What does wholesalers insurance typically cover?

Standard coverage usually includes:
  • Property insurance
  • Liability  insurance
  • Product liability
  • Business interruptions
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Are there optional coverages available in wholesalers insurance?

Yes, businesses can enhance their policies with optional coverages such as:
  • Goods in transit
  • Cyber liability
  • Legal expenses
  • Employee theft
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What is not covered by wholesalers insurance?

Wholesalers insurance does not cover:
  • Intentional acts
  • Wear and tear
  • Nuclear hazard or war
  • Environmental damage
  • Employee theft
  • Data breaches or cyber-attacks
  • Business interruption due to pandemic
  • Professional errors
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How can I reduce my premiums for wholesalers insurance?

You can reduce your insurance premiums by:
  • Improving security measures such as installing alarms and surveillance systems.
  • Implementing risk management practices to minimise losses.
  • Opting for higher deductibles can lower your premium but increase out-of-pocket costs in a claim.
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How do I file a claim with wholesalers insurance?

To file a claim, contact your insurance provider as soon as possible after an incident. Provide all necessary documentation and information related to the loss or damage, follow their guidelines, and cooperate fully to ensure a smooth claim process.
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