Product Liability insurance covers your business if you need to recall one of your products. It covers your costs for retrieving the defective product from the manufacturer or seller to prevent any further bodily injury or property damage.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Covers your products, materials and equipment that are transported over land (truck or train), or while they're in a warehouse. If involved in a collision, mishandling or cargo theft, Inland Marine Insurance covers the transported goods.
Why does your Wholesale Trade Agents business need insurance?
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.
What risks do Wholesale Trade Agents face?
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.
How much does insurance for Wholesale Trade Agents and Brokers cost?
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.