Without distributors and wholesalers, goods from manufacturers can’t reach consumers. These businesses are essential in keeping the economy moving. Risks are lurking in your work as a distributor or wholesaler. And so, it’s important to purchase wholesaler and distributor insurance. Let’s discuss the policies available, their coverage limits, and add-ons.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
This comprehensive coverage protects your distributing and wholesaling business from third-party bodily injury or property damage claims. It also covers advertisement injury liabilities such as slander or copyright infringement.
Third-party body injuries and property damages
Legal expenses
Advertising injuries and copyright infringement
If your company is sued for third-party bodily injuries
In the event your company is required to foot costs arising from property damage
If your company is accused of stealing someone else's ideas
Liquor liability coverage–This beverage distributor insurance protects you if third parties file a lawsuit after sustaining injuries or property damage due to alcohol intoxication
Cyber liability coverage–This add-on protects your company from any financial crisis caused by a cyberattack or data breach
The coverage limits for distributors and wholesalers range from $1 million to $5 million or more.
This insurance for wholesale distributors covers you from allegations that a product you sell caused bodily injury or property damage. Costs covered under the product liability insurance for distributors and wholesalers are:
Illnesses caused by the use or consumption of the product you sell or manufacture
Third-party property damages and body injuries
Deaths attributable to the use of a product
Design defects
Marketing defects
Manufacturing defects
Inappropriate or improper warning
Product recall insurance–This add-on protects you if your products are defective and must be recalled from the market under consumer law
Umbrella liability insurance–This add-on acts as an extra layer of protection in the event the liabilities you’re supposed to pay exceed the coverage limit
The coverage limit for product liability insurance for distributors and wholesalers typically starts at $1 million and can go up to $10 million or more, depending on the business and items delivered.
This coverage covers first-party exposures and third-party liabilities arising from external or on-site pollution conditions. This is vital insurance for fuel distributors as it may be tailored to protect you from incurring cleanup costs due to accidental spillage during transportation.
Cleanup cost
Deaths and bodily injuries arising from pollution conditions
Restoration costs of land, water, or air after the release of degrading or hazardous materials
Natural resources damages–This add-on shields you from pollution-related natural resource rehabilitation costs
Emergency response coverage–This add-on aids in protecting you from costs associated with responding to a pollution condition that requires immediate clean-up
Transportation pollution liability–This add-on protects you against environmental contamination charges during hazardous material transportation
Pollution liability insurance for distributors and wholesalers typically offers $1 million to $10 million. Businesses in this industry should examine their risks and work with insurance providers to determine pollution liability insurance coverage levels.
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| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
This commercial insurance for distributors helps pay for your losses from damaged rented or owned business premises and contents. Perils covered are adverse weather conditions such as lightning and floods, fire, theft, and vandalistic acts. It doesn't cover property damage from war, terrorism, or wear and tear. Location, construction design, materials, and fire and theft protection affect your premium costs.
Costs of repairing destroyed/damaged buildings
Costs of repairing and replacing the damaged items contained in the destroyed building, such as office equipment, tools, and inventory
Business interruption coverage–This add-on protects you from losing income and incurring expenses due to a temporary or permanent business shutdown caused by an insured risk
Equipment breakdown coverage–This add-on protects you from incurring losses arising from technical, electrical, or mechanical glitches of equipment or machinery used in day-to-day activities
Spoilage coverage–This insurance covers your losses arising from the spoiling of commodities held under commercial premises
Coverage limits depend on the property's size and value, location, inventory or equipment, and policy terms. Commercial property insurance for distributors and wholesalers often covers $500,000 to $5 million.
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| CoverWallet | Thimble (Best) | NEXT | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
This is a comprehensive insurance policy sold as a package. Under this insurance policy, your business is protected against property damage, business interruption, and liabilities. The property coverage of this distributor insurance applies to the building, equipment, and other physical assets.
Loss of income
Costs of operating on a temporary location
Third-party bodily injuries and property damages
Inland marine insurance–Protects your business from financial losses resulting from the destruction of your equipment during transit
Employment practices liability–This protects your business in case employees file a lawsuit for discrimination, wrongful termination, harassment, and other violations of their rights
Coverage limits range from $1 million to $3 million for general liability coverage and $25,000 to $60,000 for commercial property coverage.
Business interruption insurance covers a distributor and wholesaler from any financial consequence resulting from a sudden or indefinite business interruption. This insurance policy is effective until the day when the business interruption comes to an end. Typically, this period lasts for 30 days, but it's possible to extend this period to 360 days.
In the event your business is required to make its monthly loan payments
In the event of business interruption causing a delay in tax payments
In the event, you are required to pay your employees’ wages
Civil authority coverage–Under this add-on, you are shielded from financial losses arising from a government agency’s instruction to shut it down.
Contingent business interruption coverage–This add-on protects you from financial consequences in case a key supplier temporarily shuts down business operations
This is a business insurance for wholesalers that covers your owned or hired vehicles against damage. Commercial auto insurance can also cover the cost of accidents caused by the commercial vehicle of your company.
Medical expenses of third parties who got injured in an accident caused by your commercial vehicle
The medical expenses of the driver and your commercial vehicle’s passenger
Non-collision damages on your vehicle caused by impact from another object or from adverse weather conditions such as storms and floods
Bodily injuries or property damage from uninsured/underinsured motorist
Below are some of the add-ons covered under this indispensable distributor and wholesalers’ insurance policy:
Cargo coverage–This add-on protects you from incurring any costs arising from damaged or lost goods during transit
Rental reimbursement coverage–This helps you offset any payments to be made for renting a vehicle while your vehicle is under repair following an accident
Towing and labor coverage–This add-on helps protect you from incurring any costs when towing your broken business automobile
Distributors and wholesalers typically have $1 million to $5 million commercial auto insurance limits. These limitations cover bodily injury and property damage from insured automobile accidents.
This wholesalers and distributors insurance works as an extra layer of coverage in the event a claim exceeds the insurance limits available to you. It also works to replace or close any underlying insurance limits or gaps as aggregate limits are depleted or exhausted.
Below are some of the instances that may prompt distributors and wholesalers to use this distributor insurance:
When served with a lawsuit that’s associated with mandatory legal expenses
In the event of property damage and bodily injuries claims that exceed your primary insurance coverage limits
In the event you need additional protection for your general liability, commercial auto, or product liability coverage
Coverage limits of this independent distributor insurance range $1 million to $10 million or more, providing additional coverage beyond the underlying general liability, auto liability, or product liability policies.
Trailers are expensive to buy, repair and maintain. Due to this fact, most trailer owners may refuse to lend their trailer to be used for transit if the one hiring it lacks trailer interchange insurance. Under this business insurance for distributors, the individual using the trailer and the trailer itself are covered from the following perils: collision, fire, theft, explosion, and acts of vandalism.
Refrigeration breakdown coverage–This food distributor insurance protects you from financial losses due to food spoilage in transit due to refrigerator breakdown
Rental reimbursement–This add-on protects you from incurring costs of repairing a rented trailer in the event it gets damaged by insured perils
Trailer interchange insurance typically covers $50,000–$500,000 per incident. This coverage protects trailers during transfer.
This policy covers employers from claims served to them by their employees. Workers compensation insurance compensates employees for bodily injuries or illnesses arising directly from their work. In the USA, this indispensable distributor insurance is a mandatory requirement in all states except Texas and Wyoming.
Some of the costs covered under the workers comp insurance are:
Compensation to the immediate family of a dead employee
Disability benefits
Employee’s lost wages
Funeral costs
Medical expenses
Rehabilitation costs of the workers
Workers compensation insurance has no set limits. Payouts depend on which state you’re business is operating at.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $45 | $540 | $0-$500 |
| Excess liability insurance | $51 | $612 | $500-$1,000 |
| Commercial property insurance | $60 | $720 | $1,000-$2,000 |
| Business owner’s policy | $105 | $1,260 | $1,500 |
| Trailer interchange insurance | $55 | $660 | $500-$1,000 |
| Commercial auto insurance | $89 | $1,068 | $500-$1,000 |
| Tools and equipment insurance | $51 | $612 | $500-$1,000 |
| Workers compensation insurance | $107 | $1,284 | $2,000-$5,000 |
The average distributor and wholesaler insurance cost is $45 per month or $540 per year for a $1 million general liability policy. Factors that affect premiums are claims history, business history, policy limits, location, deductibles, and number of employees. Here’s a table showing the cost of a $1 million general liability insurance from the best distributor insurance companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $28 | $336 | Best overall; Fastest general liability insurance for distributors and wholesalers |
| The Hartford | $30 | $360 | Distributors who are looking for affordable commercial auto insurance policies |
| CoverWallet | $32 | $384 | Comparing distributor and wholesaler insurance quotes online |
| Tivly | $34 | $408 | Comparing wholesaler and distributor insurance quotes online |
| Hiscox | $37 | $444 | Distributor and wholesaler insurance with automatic renewal |
| Thimble | $40 | $480 | Distributors who are looking for temporary insurance policies |
Compare quotes to see which distributors insurance company offers the best coverage. Click the “ Get Quotes” button on this page to start.
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Here are the best distributor and wholesaler insurance companies. Read the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for art therapists
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT sells multiple insurance policies to its clients at a 10% discount. Policies you can get are general liability, commercial property, business owner’s policy, and more. You can purchase without talking to an agent. NEXT allows you to avail quotes that reflect policy limits and the corresponding premiums.
Best for: Best overall; Fastest general liability insurance for distributors and wholesalers
Average cost: $28 per month
Our rating: 10/10
Its customer services are A rated
It offers its policies to all the 50 states of USA
It’s also a financial institution that provides financial services
Limited add-ons to general liability insurance
Having been founded 200 years ago, The Hartford has sold both commercial and personal insurance. The AM Best and the Better Business Bureau have rated this insurance provider with A+.
Best for: Distributors who are looking for affordable commercial auto insurance policies
Average cost: $30 per month
Our rating: 10/10
Easy online policy management
It works with multiple insurance providers
Compare quotes online
Not an insurance company but an insurance broker
CoverWallet is a web-based insurance broker that sells its multiple insurance policies to small and large business enterprises. Hiscox, CHUBB, CNA, and Liberty Mutual are some companies partnered with this B-rated insurance broker.
Best for: Comparing distributor and wholesaler insurance quotes online
Average cost: $32 per month
Our rating: 10/10
Compare quotes over the phone
A partner of many reputable insurance companies
Specializes in matching customers with the best insurance providers
You need to talk to a representative to get a quote
Tivly offers a range of policies tailored to businesses, including commercial auto, workers comp, general liability, and business owners policy. Customers can trust the agency's expertise in finding the right insurance products. Call now to compare quotes over the phone.
Best for: Comparing wholesaler and distributor insurance quotes online
Average cost: $34 per month
Our rating: 9/10
It has developed its easy-to-use and download mobile app
It always sells discounted policies
Its coverage policies are unavailable in Alaska
Hiscox was founded 122 years ago. Over the years this A+ rated insurance company has provided its customers with discount incentives in the policies which it sells. Some of these insurance policies are business owners policy, general liability insurance, workers comp insurance, and commercial auto insurance.
Best for: Distributor and wholesaler insurance with automatic renewal
Average cost: $37 per month
Our rating: 9/10
It can provide you with a day, an hour, and a monthly coverage
Its quotes are processed fast
You can conveniently purchase its insurance coverages online
You can’t reach customer service by calling
Thimble is rated A by AM BEST. This insurance company which doesn’t underwrite its insurance policies helps its clients gain quick access to the following coverages: General liability, commercial property insurance, business equipment insurance, errors and omissions insurance, and event insurance.
Best for: Distributors who are looking for temporary insurance policies
Average cost: $40 per month
Our rating: 9/10
1 / 5
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
1 / 5
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
1 / 5
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
5 / 5
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
5 / 5
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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