Wholesalers & Distributors Insurance Program:
Lower rates, predictable loss results, top rated carriers
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 516-683-6100.
Durable and Non-Durable Goods – Eligible Classes
SIC Codes
DURABLE GOODS SIC Codes |
DESCRIPTION | NON-DURABLE GOODS SIC Codes |
DESCRIPTION |
---|---|---|---|
5013 | Motor Vehicle Supplies and New Parts | 5111 | Printing and Writing Paper |
5014 | Tires and Tubes – New | 5112 | Stationery and Office Supplies |
5021 | Furniture | 5113 | Industrial and Personal Service Paper |
5023 | Home Furnishings | 5122 | Cosmetics / Perfumes (No Pharmaceuticals) |
5033 | Roofing Siding and Insulation | 5131 | Textiles, Piece Goods, and Notions |
5039 | Construction Materials | 5136 | Men’s and Boys’ Clothing |
5043 | Photographic Equipment and Supplies | 5137 | Women’s and Children’s Clothing |
5044 | Office Equipment | 5139 | Footwear |
5045 | Computers, Peripherals, and Software | 5142 | Packaged Frozen Goods |
5046 | Commercial Equipment | 5144 | Poultry and Poultry Products |
5047 | Medical & Hospital Equipment | 5146 | Fish and Seafood |
5048 | Ophthalmic Goods | 5147 | Meats and Meat Products |
5049 | Professional Equipment | 5148 | Fresh Fruits and Vegetables |
5051 | Metal Service Centers and Products | 5149 | Groceries and Related Products |
5063 | Electrical Apparatus and Equipment | 5162 | Plastics Materials and Basic Shapes |
5064 | Electrical Appliances, Television & Radio | 5172 | Petroleum Products and Equipment |
5065 | Electronic Parts and Equipment | 5181 | Beer and Ale |
5072 | Hardware | 5182 | Wine and Distilled Beverages |
5074 | Plumbing and Hydronic Heating Supplies | 5192 | Books, Periodicals, and Newspapers |
5075 | Warm Air Heating and Air Conditioning | 5198 | Paints, Varnishes, and Supplies |
5078 | Refrigeration Equipment and Supplies | 5199 | Non-Durable Goods NEC |
5082 | Construction Machinery | ||
5083 | Farm Machinery | ||
5084 | Industrial Machinery and Equipment | ||
5085 | Industrial Supplies | ||
5087 | Service Establishment Equipment | ||
5088 | Transportation Equipment & Supplies | ||
5091 | Sporting & Recreational Goods | ||
5092 | Toys, Hobby Goods & Supplies | ||
5099 | Durable Goods NEC |