Commercial Insurance

for Distributors

Commercial Insurance

for Distributors

Excalibur Insurance keeps Ontario wholesalers delivering with coverage you can understand and afford.

Excalibur Insurance keeps Ontario wholesalers
delivering with coverage you can understand and afford.

What insurance coverage do I require as a Wholesaler or Distributor?

Distributors are a crucial link in the global supply chain. Without you, there are significant disruptions in product supply. How do you protect your business and the commercial enterprises, retailers, and smaller merchants who depend on you while being smart with your dollars?

While you are busy managing the logistics of moving goods around the globe, you may have failed to ensure an accident doesn’t transform your success. As a wholesale business in Ontario, there will be insurance you can’t set up shop without, coverage to protect your team, coverage to defend the customers who rely on you, and more. We’re here to help make sense of it.

The team at Excalibur supports distributors of all sizes. While you are busy sourcing pill bottles for pharmaceutical producers, preparing orders of cell phone cases for individual retail outlets, or providing custom packaging for electronics. Addressing your specific wholesale models’ unique exposures and challenges is essential. Every stage of the process, sourcing, processing, storing, and distributing, will face risks. Rest assured that the Excalibur team will review all possible coverages to protect you & your customers from significant loss.

We always keep these items in mind.

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You need to keep
your team working.

We help you prioritize the liability coverage options that protect you in case a customer or other party takes legal action against you or your team. You can keep working with confidence knowing you are covered.

You need the flexibility to do business when it works for you.

We ensure you have the ability to access real time proof of insurance certificates and make changes to your coverage when you’re at the site, on a coffee break or between client meetings.

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You need to know
we’re a handshake away.

The only thing better than our coverage, is the commitment of our Excalibur Defenders – who double check coverage, and champion small business owners at every turn. If you need us we’re there.

At Excalibur insurance, our commercial specialists help you manage risk using our special process. Only buy the coverage you need; you have options to consider, and we can help you evaluate and understand them.

We Make Your Business
More Appealing to Insurers.

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1. We review common insurer pain points.

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2. We leverage our risk prevention expertise.

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3. We strategically package your submission for a quote.

Wholesale & Distribution businesses, we can protect:

  • Food and Beverage Distribution
  • Clothing and Apparel Distribution
  • Industrial and Construction Supply Distribution
  • Health and Beauty Product Distribution
  • Electronics Distribution
  • Office Supplies Distribution
  • Automotive Parts and Accessories Distribution
  • Agricultural Product Distribution

Distribution businesses are varied, and professionals in the field have a wide range of duties and tasks. Wholesalers face new risks and exposures every day in an industry constantly met with increased regulation, customer requirements, and new processes and equipment.

Our team of Excalibur Defenders is there to provide business insurance suggestions and advice on managing your risks. If you are a Distributor and don’t see your business listed, don’t hesitate to reach out.

OR, Just give us a call and speak to an Excalibur Defender

Let’s Begin with the Coverage You Need to Grow Your Business.

Our Excalibur Insurance Brokers might ask a lot of questions – for good reason.

Given the wide variety of distribution businesses, there are unique risks and exposures. Insurance for wholesalers is essential as it acts as a form of risk transfer. We’ll tailor your coverage to the specific business, including the type of products or merchandise you sell, where you manufacture your product, where you sell your product – Canada, U.S., or other countries, annual revenue, physical business location, on-hand inventory, product, or merchandise attributes, and more.

An effective risk management strategy for your distribution business includes acknowledging the risks your company may face. Once we’ve identified each, we’ll establish a method for measuring the risk level and type of risk (financial, regulator, client-related, etc.). Excalibur Insurance can navigate the proper risk management procedures and business insurance coverage.

This list is not exhaustive; however, when reviewing your coverage as a wholesaler, you should pay special attention to a few areas of concern.

Risks worth paying attention to

Unfortunately, many of the risks faced by the Wholesale & Distributor industry come from external factors, which can be challenging to mitigate or prevent. Wholesale & Distributor businesses face the principal dangers of reputational, regulatory (or legal), security, and human error, causing malfunction, loss, or injury.

  • Reputational Risk
    This involves your organization’s failure to supply a product or merchandise shipment, interrupting the supply-and-demand chain, quality failure, or even handling errors causing malfunction. The best means to prevent reputation risk is to establish a more reliable and consistent process for completing deliveries, outsourcing non-core activities, and focusing on operational efficiency.
  • Regulatory Risks
    This is another exposure facing Wholesalers & Distributors. When you purchase goods, you often enter into contracts. If you do not meet the terms of these contracts, whether the fault of the wholesaler or not, you may be held liable for damages to another party and settlement fees in a court of law. These costs can be tremendous for any scale of business. A wholesaler will also be held liable if they do not meet federal, provincial, or regulatory body safety restrictions.
  • Security Risks
    These risks are prevalent in any business – physical or digital. Physical hazards include theft, which is common to companies with physical inventories. Employees are the most commonly responsible for stolen goods. With wholesalers, there is also a risk of theft in transport. Mitigate these risks with rigorous employee screening, inventorying what goes in and out of your facility, and securing goods during transportation.
  • Human Error
    Another risk that the Wholesaler & Distributor may face. Human error may cause damage to critical equipment, loss of products and merchandise, failure to meet the delivery terms, cyber breaches, and more. As a wholesaler company, it is highly advised that you routinely press the importance of proper security to employees, screen new candidates, and keep an inventory of equipment and merchandise.

Business Insurance for Wholesalers & Distributor Businesses

A business insurance policy means assembling the unique coverages critical for protecting your bottom line. Different insurers will offer varying coverage options and different companies will have unique coverage needs. There is no one answer to how much coverage you need or what type. The cost will depend on many factors, such as your industry, what you sell, your employees and years of business experience, annual and projected revenues and business size.

While you may not need all the coverages listed below, it’s worth getting familiar with the ways your business can protect itself. A well-protected business is a reliable one – able to seize the next opportunity with gusto.

Commercial General Liability Insurance

Commercial General Liability, or CGL, is the most basic form of business insurance coverage. It may cover a food & beverage professional from accidents both in-and-outside of regular services. This includes lawsuit expenses due to incidents of slips and falls, structural collapse, or other incidents.

Commercial Property Insurance

If you have a brick and mortar spot your business calls home – you might want to protect it. This coverage protects your business premises against losses due to theft, fire, vandalism, falling objects and other ‘named perils’

Business Interruption Insurance

Many small businesses are not insured if something happens where they need to temporarily close due to a claim. A fire, flood or break in may temporarily halt business and create serious cash flow stress.

Crime Insurance

Commercial “Crime Insurance & Employee Dishonesty” coverage helps protect businesses of all scale and scope from losses due to crime that can occur within or outside your organization.

Commercial Umbrella Insurance

Commercial “Umbrella” Liability coverage extends the limits and coverage of your Commercial General Liability (CGL) insurance capacity. It acts like a shield moving to fill gaps that might exist in your individual policies.

Directors and Officers

D&O coverage protects boards of directors and officers against lawsuit expenses. This includes public, private, profit, and non-profit organizations.

Equipment Breakdown

Equipment Breakdown Insurance protects the equipment your business depends on from sudden and accidental, physical damage that requires its repair or replacement.

Cyber Insurance

Cyber Insurance helps cover expenses when your network is hacked, or your data is stolen. It can include coverage for extortion, crisis management, and business interruption expenses.

Commercial Auto & Fleet Insurance

Commercial Auto coverage ensures that any vehicles used by your business, occasionally or full time, are protected in the case of an accident.

Liquor Liability for Food & Beverage

If your business produces and/or serves liquor as part of its operations this may cover the cost of damages, medical bills, as well as legal expense, defense costs, or settlement fees that could occur should an intoxicated person cause injury to themselves, someone else, or a third-party’s property.

Risk management isn’t always easy, but it is one of the most surefire ways to preserve your business. It may come in the form of management, mitigation, transference, avoidance, or even acceptance.

Excalibur Insurance Group has the resources needed to cover and protect your business against specific risks and will help align coverage in accordance with your individual business requirements.

You deserve an insurance broker who leaves nothing to chance, wants to save you money – and is willing to tell you the unvarnished truth.

OR, Just give us a call and speak to an Excalibur Defender

Jeff Roy, Excalibur Insurance (headshot)

Jeff Roy

President & CEO
[email protected]
(519) 482-9357

Ken Colquhoun, Excalibur Insurance (headshot)

Ken Colquhoun

VP Personal
& Commercial Sales
[email protected]
(226) 423-3015

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