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When you also have equipment or operate from an office
All Basic plan benefits and:
Commercial Property insurance helps protect your business assets as this helps to pay the cost of repairing or replacing the property that has been damaged by fire, storm, flood, or other related covered incidents.
Product Liability insurance protects your business from the liabilities that your business would face when the products you've sold or supplied are claimed to have caused property damage or personal injury. This insurance will pay for the lawsuits when your business is involved in such a claim.
Inland Marine insurance provides protection to your business' property if it is movable or if it is a specialized type of business property that transits over land by paying for the costs to repair or replace the property that has been damaged while in transit.
General Liability insurance protects your business from the lawsuits that your business may be involved in such as third-party property damage, third-party bodily injuries, personal injuries, libel, slander, and other related claims. The insurance covers the costs of defending the business including out-of-court settlements.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
Companies that work within the vehicle wholesale industry sell and distribute vehicles such as cars, ATVs, school buses, snowmobiles, and taxis. Businesses may also sell and distribute new and used car parts, motor vehicle tools, equipment and accessories, tires, and tubes.
Vehicle wholesalers need insurance as it helps protect your vehicle wholesaler business from the risks that it could encounter. These risks are so expensive that without insurance your business could be forced to close.
Below are the common risks vehicle wholesalers can face:
One of the vehicles being delivered has been involved in an accident. Most of the vehicles have been either damaged or destroyed.
Your warehouse has caught fire, causing most of your products and equipment to burn to ashes. The costs to get back in business after fire damage could be so high that most businesses end up being bankrupt without insurance.
The cost of insurance for vehicle wholesalers varies because the cost mostly relies on the size of your business, the number of employees you have, and the coverage required. Without taking these into account, below is the average cost of insurance for your business:
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