If you are a wholesaler, you will face risks that are unique to your line of business. You are faced with the burden of providing distribution and storage facilities to your clients – this also means that you will have to handle logistics and risks that come with new technology and global logistics.
There are specific insurance coverage that you should check out:
1. Commercial vehicles
2. General liability
3. Cargo or transportation
4. Content and buildings
There is a common saying which goes like this, you should find trouble before it finds you. Insurance firms will help you identify this risks and guide you on the best insurance covers that you should purchase. You should adhere to the given advice as you will protect yourself from all this financial liabilities.
A wholesaler business should maintain an environment that will ensure the safety of its employees and patrons. There are specific things you can do to attain a safe working environment:
1. Crime prevention
2. Pallet storage
3. Avoiding falls, trips and slips
4. Forklift inspection information
A wholesalers insurance will also help you reduce liability risks that may arise from business transaction. There are in-site safety techniques that you can follow to make your workplace a safer place. Most business premises have not met this safety measures. There is a checklist that you can use:
1. You should develop a safe driving program
2. All your vehicles should be in good conditions
3. All your drivers should be qualified and tested.
4. Your drivers should obey traffic laws
5. Educate all your workers on safe loading and offloading methods
6. Your vehicles should not be overloaded
7. Hazardous places in your premises should be well labelled
You cannot be a 100% risk free, but it helps a lot to have a wholesalers insurance cover.