The Wholesalers and Distributors Insurance Program from Chernoff Diamond uses an unbundled approach to identify the best underwriters, claim managers, and loss control providers to create an effective and efficient wholesaler and distributor risk management program.

WHOLESALER AND DISTRIBUTOR LIABILITY COVERAGE; A Change from the Traditional Insurance Program Design

• Although the standard insurance carriers view distributors as desirable risks, their plans don’t include special rates or coverage
• Careful underwriting review allows only qualified wholesale businesses to join the program resulting in lower rates for all
• A group of similar businesses produces more predictable loss results leading to more stable year-over-year insurance rates and liability coverage pricing for wholesalers and distributors
• Tailored loss control services
• Top rated insurance carriers

ADDITIONAL LOSS CONTROL SERVICES

• Workers compensation audits to uncover rating and experience modification calculation errors
• Review of distribution agreements, bills of lading, sales representative and licensing agreements by experienced attorneys
• Outsourced human resources services to manage compliance and employment practices loss control

BROAD COVERAGE ACROSS ALL LINES OF COVERAGE
Property Insurance

• Single property coverage policy limit for buildings and contents for multiple locations
• Possibility of co-insurance penalties for property losses is eliminated
• Loss of income coverage for occupied locations and extended to supply chain operations

Casualty Insurance

• Contractual liability and vendors coverage included
• Product recall available
• Importers eligible
• Reduced rates for drop shipped sales
• Umbrella limits up to $50,000,000
• Discounted and loss sensitive workers’ compensation programs
• Discounted and experience rating available for large auto fleets

Transit and Marine Insurance

• Motor Truck Cargo and Terminal liability coverage available

Management Liability Coverage

• Directors & Officers (D&O) Liability Coverage
• Employment Practices Liability Coverage
• Loss Discovered Coverage for Employee Dishonesty
• Fiduciary Liability Coverage

I HAVE ADDITIONAL QUESTIONS; WHERE CAN I GET MORE INFORMATION?

To learn more about the Wholesalers & Distributors Insurance Program, please visit our Wholesalers & Distributors Insurance Program FAQs page. You may also contact one of our Risk Advisors today at 411risk@ChernoffDiamond.com.