Property damage insurance

In case something happens to your wholesale premises.

What’s typically covered by property damage insurance?

• the cost of repairing damage to the structure of your building (or rebuilding it from scratch)
• damage to insured contents, fixtures, and fittings
• damage to underground pipes and cables you’re responsible for

For example:

• your wholesale premises and a large portion of the contents are destroyed in a fire
• snowmelt causes flooding in an outdoor area attached to your wholesale premises, damaging your machinery

What isn’t covered?

• weather damage to moveable property in the open, fences, gates, vegetation, lawns, and shrubs
• theft, attempted theft, or malicious damage to property in a garden, yard, open space, or any open-fronted or open-sided building

Other exclusions apply – read the policy documents carefully to be clear on what is and isn’t covered.

Deterioration of refrigerated stock

In case a fault or failure causes frozen or refrigerated stock to deteriorate.

What’s typically covered by deterioration of refrigerated stock insurance?

• damage to frozen or refrigerated stock
• mechanical breakdown or accidental failure of electricity to freezers and refrigerators
• seasonal stock increase, during specific periods

For example:

• the thermostat on your appliance malfunctions, causing your stock to go bad
• an employee forgets to close the door on your fridge-freezer unit, and the contents defrost overnight

What isn’t covered?

• equipment and units which haven’t been serviced or maintained in accordance with your policy wording
• damage caused by any wilful act or neglect by you or any employee
• damage caused by faulty packaging or stowage
• any form of normal trade loss, or damage caused by inherent defect

Money and assault insurance

In case of theft and/or assault to you or an employee.

What’s typically covered by money and assault insurance?

• cover while your property is in transit by road, rail, or freight
• anywhere in Great Britain, Northern Ireland, the Isle of Man, the Channel Islands, and the Republic of Ireland
• includes sea or air transit between these territories

For example:

• you’re transporting money to the bank and someone breaks into your vehicle, stealing the cash
• an employee is assaulted while cashing up on your business premises

What isn’t covered?

• clerical or accounting errors, or shortages due to error or omission
• loss from any unattended vehicle
• loss from coin-operated vending, gaming, or amusement machine, or payphone, unless specifically agreed in your policy

Other exclusions apply – read the policy documents carefully to be clear on what is and isn’t covered.

Terrorism insurance

In case your wholesale premises are hit by an act of terrorism.

What’s typically covered by terrorism insurance?

• acts of terrorism within England, Wales, Scotland, and the Channel Tunnel, up to the frontier with the Republic of France
• property damage, business interruption, specified all risks, money and goods in transit, where insured by your policy

Exclusions and limitations apply to this cover – read the policy documents carefully to be clear on what is and isn’t covered.

Employers’ liability insurance

In case anyone gets ill or injured while working for your business.

What’s typically covered by employers’ liability insurance?

Claims against your business for:

• an injury or illness that happens as a result of working for you (including temps and casual workers)

For example:

• an employee develops complete lack of hearing in one ear, and makes a claim against you
• your day manager falls from a height while training an employee, breaking both legs

Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.

Public liability insurance

In case your business causes an injury, illness, or property damage.

What’s typically covered by public liability insurance?

Claims against your business for:

• damage to someone’s property, caused by your wholesale and dealership activities
• an injury or illness caused by your business activities or products
• accidental damage or injuries caused by your employees

For example:

• a client slips on a wet floor while visiting your premises, injuring their lower back
• one of your employees provides incorrect PPE to a client, and they’re injured by falling stock

If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.

Product liability insurance

In case your products cause an injury or damage.

What’s typically covered by product liability insurance?

• your legal liability for injuries or damage caused by your products, up to the agreed limit
• associated costs and expenses

Exclusions and limitations apply to this cover – read the policy documents carefully to be clear on what is and isn’t covered.

Commercial legal expenses insurance

In case you’re faced with legal costs in connection with your business.

What’s typically covered by legal expenses insurance?

• legal costs that you’re responsible for, within your business
• property damage, nuisance, or trespass – specifically, the associated legal claims and compensation payouts
• tax and compliance disputes and investigations you need help with
• access to expert advice – including a tax advice phone line, confidential 24/7 legal phone line, and crisis support to help you protect your professional reputation

For example:

• an employee sues you for unfair dismissal, and you need to recover associated legal costs
• you fall behind on servicing your equipment, causing an employee injury and legal costs

Personal accident insurance

In case you or anyone you’ve covered has an accident, at work or elsewhere.

What’s typically covered by personal accident insurance?

• accidental injury or death of anyone you’ve chosen to cover in your policy – whether this happens at work or elsewhere
• lost income, hospital bills, or other medical costs associated with the accident

For example:

• you fall from a height while checking stock levels, breaking your leg and shoulder – you need time off work for an operation and recovery
• your office manager breaks their foot at the office Christmas party and needs time off work for hospital visits and recovery