What You Need to Know About Distributor Insurance
If you are a wholesale distributor you will need to have distributor insurance. As a distributor you supply many different stores with an array of products and goods. In the event something bad happens to your warehouse or even a truck carrying goods, do you have the proper insurance to cover any losses? There are many different types of insurance and as a distributor you will need to make sure that you have the proper amount of coverage.
Whether you are a small and local supply company or you are big distributor who supplies products to many different states, there are distributor insurance plans to cover you. You will need distributor insurance for your warehouse and for any possible drivers you will need to have vehicle insurance. When you are working with an insurance agent you want to explain your distribution service and tell them exactly what kind of insurance plans you are looking for.
You may need accounts receivable insurance, this form of distributor insurance will be able to protect you from any inability to collect on outstanding bills, should you lose them or if damage happens to your accounts records. There can be certain stipulations in this type of insurance, such as it may only cover certain kinds of losses. However if something happens to your records you want to know that you are covered.
There is also a plan that can cover your computers or storage media. This plan will cover your computers, peripheral devices and any media that you have. Having this form of distributor insurance can be beneficial in that it can cover any costs that it takes replace or repair any damaged pieces of equipment or possibly lost data. This insurance is nice to have and by having this peace of mind you will not have to worry about losing any important information.
If your distribution company has drivers, you will need to consider what type of commercial automobile insurance you should carry. With this form of distributor insurance you will be covered against any possible financial loss in case your driver gets into an accident. You do not want accidents to happen, but they do and if you do not have the proper insurance you can loose not only the product that driver was carrying but the money for it. If you have the proper insurance it will also be able to help cover any medical care the driver may need.
One other form of distributor insurance you should consider carrying is workers compensation. Workers compensation is essential to have in case one your employees happens to get hurt on the job. If an employee falls and breaks an ankle, workers compensation insurance will cover any medical costs for the employee so that you as the business or the employee themselves do not have to pay out of pocket for it. For employees it can also cover time lost for an employee at a certain percentage, this percentage can vary by state.
If you are just starting a distribution center and you need distributor insurance you should look at All United Insurance. This company has many different types of insurance to fit all your needs. If you are looking at policies online and you might not understand what it is saying contact one of their agents. The agents in this company will be more than happy to help you understand and get any insurance policies you may need.
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