Wholesale businesses are companies set up to organize the purchase or sale of goods for resale to other businesses. Wholesalers must navigate a complex and highly competitive supply chain, negotiating directly with manufacturers and importers, and maintaining relationships with their end clients. Wholesalers manage their supply through warehouses and often have a network of sales offices and/or front sales desks.
To be competitive, wholesalers today use cutting-edge technologies and software to manage the omni-channel buying experience, real-time tracking of goods within the supply chain, and order fulfillment within the last-mile delivery. Zurich offers a wide range of solutions that can help protect the unique exposures that a wholesale business could face.
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Article: Private Label Product Exposures for Wholesalers and Retailers
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Bill Seleznoff, CPCU
AVP Industry Practice Director, Wholesale, Retail
U.S. Middle Market
Mobile: 949-695-0038
bill.seleznoff@zurichna.com
Zurich understands the potential exposures that a wholesale business face running their operations. We offer an array of products and pre- and post-claim services to help address those exposures:
This is coverage designed to help protect wholesale businesses, their owners and employees against potential risks that could occur during the course of business operations. The term represents an array of property and casualty coverages, such as Owned Property (building, contents, business interruption), Auto Liability and Physical Damage, Workers’ Compensation, and General Liability (premises liability, product liability, personal and advertising injury). The right commercial insurance program can protect wholesalers against the financial impact of risks.
Like all business, wholesalers can face a host of unexpected risks. Fire is still the top cause of property losses, but litigation due to auto accidents has become increasingly more expensive, product liability claims can involve anyone in the chain of commerce, and a worker injury claim can have long-term implication to both employer and employee. Any of these scenarios, and others, can significantly impact a wholesaler’s day-to day-operations and overall operational profitability.
Zurich’s appetite for wholesale businesses includes durable and non-durable goods wholesalers.
Metals service centers, manufacturing supplies, hardware and fasteners, commercial tooling, electrical equipment and supplies, office equipment and furniture.
Textiles, clothing, shoes, apparel and accessories, paper, packaging supplies, beverages (alcohol and soft drinks)
General Liability
General Liability Industry specific endorsements providing 25 enhancements to coverages such as:
Auto
Broadening coverage endorsement that adds 23 extensions in one form that includes:
Wholesalers may do business abroad or are planning to leverage opportunities outside of the U.S. As a leading global insurer, Zurich’s worldwide network of Underwriting, Risk Engineering, Claims and Compliance services — aided by innovative, proprietary digital tools — can help your business build a robust global risk-management program.
The 2024 SAMA Excellence Award recognizes Zurich’s global customer relationship management as outstanding, not only in the insurance sector, but across industries. It’s the second win for Zurich.
International Side A policy gives multinational businesses more flexibility in managing D&O risks while helping ensure non-U.S. directors and officers have reliable, compliant coverage.
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