What Other Wholesalers Are All About:
Businesses in this industry wholesale a wide variety of specialty and common goods. Establishments include, but are not limited to, those that wholesale alcoholic beverages, toys, paint, petroleum, electronics, flowers, chemicals, and stationary.
What type of insurance does this industry need?
- General Liability: This policy protects your business in case of third-party claims, such as bodily injury or property damage. Getting the right General Liability policy in place can help you get more jobs and grow your business. General Liability insurance is often considered to be a core coverage, particularly for businesses that regularly physically interact with customers and do work at other people’s properties. In addition, a General Liability policy is usually required for you to get a job.
- Disability Insurance: Disability insurance covers a portion of an employee’s income when they lose their ability to work due to a non work-related illness or injury. There are two types: short-term and long-term disability plans. Employers are required to offer Disability insurance in some states, so it's good to check local regulations. In addition, Disability insurance can be valuable for those in highly skilled or physical professions, such as surgeons or contractors.
