When you also have equipment or operate from an office
All Basic plan benefits and:
Commercial Property insurance protects your business' physical assets from fire, flood, theft, storm, explosions, and selected natural disasters. This insurance pays for the costs to repair the business' property, and to replace the contents in and around the building.
Product Liability insurance covers your business for claims of property damage or personal injury caused by the products you've sold or supplied. It is designed to protect your business by making sure that when this happens, you don't have to pay for any work or legal costs.
Inland Marine insurance covers property that is in transit over land. It covers certain types of movable property such as instruments of transportation, manufacturing equipment, instruments of communication etc. It provides coverage with any regard to the property's location.
General Liability insurance covers the cost of defending a claim when your business is being sued for third-party bodily injuries, personal injuries, property damage, libel, slander, advertising mistakes, and other related risks. The insurance covers the defense costs including out-of-court settlements.
This industry consists of trade agents and brokers who act as middlemen. Examples include independent sales representatives and manufacturer sales representatives.
Wholesale trade agents need insurance as this covers the costs that your business could face. Your employees could become sick or injured, your commercial property could catch fire, and worst of all your business could be sued. Insurance will cover the costs of these risks so you don't have to.
Below are the common risks wholesale trade agents can face:
A batch of the products that you delivered to your client is defective and has caused most of their customers to suffer property and personal damage.
A crate of your client's products has been damaged due to a vehicular accident while your driver was on their way to deliver the goods.
Your warehouse caught fire and has caused most of your equipment to be destroyed, including some of your client's products.
There is no fixed cost of insurance for wholesale trade agents and brokers, as the cost of your insurance relies mainly on the size of your business, the number of employees you have, and the coverage needed. If you want to find out the cost of your insurance fast, simply apply online to get a free quote of insurance in just a few minutes.
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