There are many elements involved in a Wholesale and Manufacture Business, and having the right insurance cover will protect you against a variety of risks. Your livelihood is vitally important, which is why it’s essential to take out the appropriate insurance policy options. It can save you thousands of pounds that can result from a single claim.
To give you some examples, we’ll start with the stock. Protecting stock against damage and theft will enable you to replace it as soon as possible, which is one of the benefits of stock cover. Employer’s liability insurance is required by law. Public liability insurance, is not a legal requirement, but is helpful to have in order to avoid paying out large sums of money in the event of an employee injury.
A Range of Relevant Covers
A Wholesale and Manufacture Insurance policy has a range of relevant covers including theft or damage of stock, damage to contents, improvements, fixtures and fittings, damage to glass, blinds & signs, theft of money, goods in transit, business interruption, rent/lease payments cover, employers liability, public & products liability and legal expenses. A seasonal Increase in stock cover is also available if requested.
We understand that every business, large or small, is different so we offer policy options which can be tailored to the needs of your company.
- Employers’ Liability – claims arising from injury to employees
It is a legal requirement to hold employers’ liability insurance if you have employees
- Public Liability – accidental injury to members of the public at your premises or damage to their property
- Product Liability – injury property damage caused by a faulty product that your business designs, manufactures or supplies
- Legal – defending your business against legal action where this isn’t covered by your liability insurance; for example, in an employment tribunal
- Contents – physical damage to your fixtures and fittings, tenants improvements, contents, computers and other business equipment
- Stock – the cost of replacing your stock (at cost price) if it is damaged or stolen
- Frozen Food Cover – the cost of replacing your frozen stock (at cost price) if it is damaged (due to a change in temperature beyond your control) or stolen
- Goods in Transit – loss of or damage to your goods while being carried in your vehicle(s) as part of your trading activities.
- Money Cover – following theft from your premises
- Business Interruption – loss of revenue as a result of a material damage claim
- Loss of Licence – cover the depreciation in the value of your business or premises resulting from non-renewal or withdrawal of your license, as a result of causes beyond your control.
- Portable Equipment – such as Laptops, Mobile Phones and Cameras
- Glass – replacement of internal or external glass at your premises following physical damage
- Computer Breakdown – cover for your equipment and damage to computer records
- Buildings – (if you are responsible for insuring the building) ensures that your office building is covered for a number of risks, including fire, flooding and storm damage
- Employee Theft – cover for loss of money or property belonging to you as a direct result of an act of fraud or dishonesty by an employee
- Terrorism – cover for material damage and business interruption if your business is directly affected by terrorism
- Excess Protection – cover for your policy excess in the event of a claim
You may also be interested in the following insurances:
- Directors and Officers – covers the cost of compensation to a customer if a claim is made against one of your business directors or other staff (not if the claim is made against your organisation as a whole)
- Cyber Protection – if your business collects personal data this protects in the event of a breach of data protection laws or malicious data attacks
- Motor Legal Expenses and Courtesy Car – Oncover Insurance offers Motor Legal Expenses and Courtesy Car cover to all our clients