Wholesale & Distribution

Wholesale and distribution businesses play a vital role in the supply chain, facilitating the movement of goods from manufacturers to retailers and consumers. However, operating in this sector exposes companies to a myriad of risks, including inventory damage, transportation accidents, liability claims, and supply chain disruptions. Wholesale and distribution insurance is essential to protect businesses in this sector from these risks and ensure their continued success and resilience in a competitive marketplace.

In the fast-paced world of wholesale and distribution, where goods are constantly moving and transactions occur on a large scale, insurance serves as a critical safety net. It provides financial protection against unforeseen events that could disrupt operations, damage assets, or lead to costly legal liabilities. Whether it’s protecting inventory stored in warehouses, goods in transit, or liability exposures associated with distribution activities, wholesale and distribution insurance offers comprehensive coverage tailored to the unique needs and challenges of businesses in this sector.

 

Wholesale & Distribution

Moreover, wholesale and distribution insurance is essential for safeguarding the interests of stakeholders, including suppliers, customers, employees, and business partners. By providing assurance that potential losses will be covered, insurance enhances trust and confidence among stakeholders, enabling businesses to build stronger relationships and foster long-term growth and success. Additionally, insurance coverage helps companies comply with contractual obligations, regulatory requirements, and industry standards, mitigating risks and liabilities associated with non-compliance.

In summary, wholesale and distribution insurance isn’t just a prudent investment; it’s a necessary tool for managing risk and ensuring the stability and sustainability of businesses in this sector. By providing financial security, risk mitigation, and regulatory compliance support, insurance enables wholesale and distribution companies to navigate the complexities of the supply chain with confidence, knowing that they are prepared to address the challenges and uncertainties of the wholesale and distribution industry.

Why Choose The Millward Agency?

Choosing The Millward Agency means opting for unwavering confidence in your insurance provider. Our accolades and recognitions speak volumes about our commitment to excellence. Our bespoke insurance solutions are designed to underwrite your success, with a proven track record of serving businesses like yours with integrity, innovation, and a keen understanding of industry-specific risks.

Nationwide Presence

We are proud to offer nationwide coverage while retaining a personal touch that resonates with local communities. Our understanding of diverse regional needs ensures that our clients receive service that feels both global and neighborly.

75+ Years of Expertise

We carry a legacy of over seven decades in the insurance industry. Our enduring commitment to excellence is rooted in a deep understanding of insurance’s evolving landscape, shaped by years of experience and client-focused service.

Integrity in Every Policy

Our philosophy is simple: if we wouldn’t buy it ourselves, we won’t sell it. This ethos ensures every policy we offer is built on a foundation of trust and reliability, reflecting our commitment to honest and transparent insurance solutions.

Class of Business

Wholesale and distribution businesses serve as intermediaries in the supply chain, connecting manufacturers with retailers and other businesses by distributing goods in bulk quantities. These businesses operate across various industries, offering a wide range of products to meet the needs of diverse markets.

These are just a few examples of wholesale and distribution businesses, illustrating the diversity and breadth of products and industries served by this sector. Each type of wholesale and distribution business operates within specific markets, catering to the needs of retailers, businesses, and consumers by efficiently distributing goods and merchandise on a large scale.

Here are some common types of wholesale and distribution businesses:

IconGeneral Merchandise Wholesalers

General merchandise wholesalers distribute a broad range of products, including consumer goods, electronics, household items, apparel, and accessories, to retailers, e-commerce sellers, and other businesses.

IconFood and Beverage Distributors

Food and beverage distributors supply a wide range of food products, beverages, and related items to grocery stores, restaurants, cafes, bars, hotels, and institutional buyers such as schools and hospitals.

IconAutomotive Parts and Accessories Wholesalers

Automotive parts and accessories wholesalers distribute automotive components, parts, accessories, and supplies to auto repair shops, dealerships, retailers, and vehicle manufacturers.

 

IconIndustrial Equipment and Supplies Distributors
Industrial equipment and supplies distributors supply machinery, tools, equipment, parts, and industrial supplies to manufacturing facilities, construction companies, contractors, and maintenance professionals.

 

 

IconElectronics and Technology Distributors

Electronics and technology distributors supply electronic components, devices, gadgets, accessories, and IT products to retailers, resellers, e-commerce sellers, and businesses in various industries.

IconHealth and Beauty Product Wholesalers

Health and beauty product wholesalers distribute cosmetics, skincare products, hair care products, personal care items, vitamins, supplements, and wellness products to retailers, pharmacies, salons, and spas.

IconPharmaceutical Distributors

Pharmaceutical distributors supply prescription drugs, over-the-counter medications, medical supplies, and healthcare products to pharmacies, hospitals, clinics, and healthcare facilities.

 

IconBuilding Materials and Construction Supplies Distributors
Building materials and construction supplies distributors supply construction materials, building products, tools, equipment, and supplies to contractors, builders, developers, and construction professionals.

 

IconOffice Supplies and Stationery Wholesalers

Office supplies and stationery wholesalers distribute office products, stationery, paper goods, writing instruments, office furniture, and business supplies to businesses, schools, government agencies, and retailers.

IconApparel and Fashion Accessories Wholesalers

Apparel and fashion accessories wholesalers supply clothing, footwear, fashion accessories, jewelry, handbags, and apparel products to retailers, boutiques, department stores, and online sellers.

IconToy and Games Distributors

Toy and games distributors supply toys, games, puzzles, hobby products, and children’s entertainment items to toy stores, gift shops, retailers, and wholesalers.

 

IconPet Supplies Distributors
Pet supplies distributors supply pet food, pet care products, pet accessories, and veterinary supplies to pet stores, pet specialty retailers, veterinarians, and animal care facilities.

Common Policies Needed

Wholesalers and distributors play a crucial role in the supply chain, facilitating the movement of goods from manufacturers to retailers and other businesses. However, operating in this sector exposes companies to various risks, including inventory damage, transportation accidents, liability claims, and supply chain disruptions. To protect against these risks, wholesalers and distributors typically require a range of insurance coverages tailored to their specific needs.

These insurance coverages help wholesalers and distributors mitigate risks, protect against liabilities, and ensure the continuity of their operations in the face of various challenges and uncertainties. It’s essential for wholesalers and distributors to work with experienced insurance professionals to assess their specific risks and tailor insurance programs to their unique needs and exposures.

Here are some common insurance coverages needed for wholesalers and distributors:

Property Insurance

Provides coverage for physical assets owned or leased by wholesalers and distributors, including warehouses, distribution centers, office buildings, equipment, inventory, and fixtures. This coverage protects against damage or loss due to perils such as fire, theft, vandalism, and natural disasters.

General Liability Insurance

Protects against bodily injury and property damage claims arising from accidents or incidents that occur on business premises or as a result of business operations. This coverage is essential for addressing liabilities associated with slip-and-fall accidents, product defects, or third-party injuries.

Product Liability Insurance

Covers claims of bodily injury or property damage caused by products sold, distributed, or manufactured by wholesalers and distributors. This coverage is vital for addressing liabilities associated with defective products, product recalls, or failure to warn of product risks.

Commercial Auto Insurance

Provides coverage for vehicles owned or used by wholesalers and distributors for business purposes, including delivery trucks, vans, and other commercial vehicles. This coverage protects against damages to vehicles, liability for accidents, and injuries to drivers or passengers.

Cargo Insurance

Covers goods and merchandise in transit, including shipments transported by air, sea, rail, or truck. Cargo insurance protects against loss or damage to goods caused by theft, accidents, natural disasters, or other perils during transportation.

Warehouse Legal Liability Insurance

Protects against damage or loss to customer goods stored in warehouses or distribution centers owned or operated by wholesalers and distributors. This coverage is essential for addressing liabilities associated with inventory damage, theft, or mishandling during storage or handling.

Business Interruption Insurance

Provides coverage for lost income and extra expenses incurred by wholesalers and distributors due to a temporary interruption or suspension of operations caused by covered perils, such as fire, equipment breakdown, or natural disasters.

Cyber Liability Insurance

Protects against losses resulting from data breaches, cyberattacks, or other cyber incidents that compromise sensitive information stored or transmitted by wholesalers and distributors’ computer systems. This coverage is critical for safeguarding customer data, financial records, and business operations.

Employment Practices Liability Insurance (EPLI)

Provides coverage for claims related to employment practices such as discrimination, harassment, wrongful termination, or violation of employment laws. EPLI protects wholesalers and distributors from lawsuits filed by employees alleging unfair treatment or unlawful practices.

Workers' Compensation Insurance

Provides coverage for medical expenses, lost wages, and disability benefits for employees who are injured or become ill while performing their job duties. Workers’ compensation insurance is required by law in most jurisdictions and helps protect wholesalers and distributors from financial liabilities arising from workplace injuries or illnesses.

Professional Liability Insurance

Covers claims of professional negligence, errors, or omissions in services provided by wholesalers and distributors, including consulting, advice, or recommendations related to product distribution or supply chain management.

Directors and Officers (D&O) Insurance

Protects directors, officers, and board members of wholesalers and distributors from personal liability for decisions made in their official capacities. D&O insurance is essential for addressing allegations of mismanagement, breach of fiduciary duty, or corporate governance issues that could result in lawsuits or regulatory actions.

The Millward Agency, Inc. Testimonials

Hear from our clients who have achieved stability and growth with The Millward Agency’s insurance solutions. Our case studies demonstrate our commitment to providing unparalleled support and protection, proving that no challenge is too big when you have the right insurance partner.

Kurtis ThorntonKurtis Thornton
18:38 16 Jan 22
Very helpful and nice people, a great place to get your insurance needs taken care of.
Christopher LymanChristopher Lyman
14:48 26 Oct 19
Finally, I don't need to ever look for another insurance agent. The Millward Agency handles my personal and business insurance. Always helpful with my questions and quick to respond to my emergencies. The Millward Agency Rocks!
Markusz SudozMarkusz Sudoz
19:03 19 Jul 19
Every time I go to my broker, Ed Caceres @ the Millward Agency, he always finds me the best insurance rates on my real estate properties. Ed is great, always extremely responsive and understanding of the industry. In the past I would go do my own insurance shopping and spend hours on hours to get the best rate, now I do not even bother shopping around I just call Ed and he always has the best pricing. In the beginning I got a quote from Ed then shopped around, now I have learned to not even waste my time. Ed @ Millward Always saves me hundreds of dollars. 110% on customer service, 100% on pricing!!! A+++
Mobility SolutionsMobility Solutions
19:09 25 Jul 18
Everybody!!!!! is Great to work with when ever I need anything which is almost monthly.Linda
carlene klebecarlene klebe
20:01 22 Jun 18
My former insurance agent and friend recommended Ed Caceres of Millward Agency. Within hours of having given Ed a call, I had quotes and was decided to go with his carrier. He was professional and answered all my questions. I’m happy to have done business with Ed and Millward Agency.
John CourtneyJohn Courtney
16:20 11 Jun 18
Business or Personal this is who you want - Personal service from their Team is amazing, treat as though you are their only client.* Business - Review policy/coverage every year. Not limited to one or two insurance providers. Recommend changes, not necessarily to save money (although it is available) provide additional coverage. Three months later our additional coverage cost $150 on a $15000 claim. For years we were not covered! They are not limited to one or two insurance providers as our previous agent.* Personal - couple of claims were handled like we were their only client. They bundled coverage in such a way to save $2100 a year for a family of four and kids in college.***Will continue to recommend to business colleagues, friends and family***
Karen CarterKaren Carter
16:01 08 Jun 18
Our company has been working with Millward Agency for many years.They have been the best insurance company I have ever worked with.The staff is always very informative and very professional. Our insurance needs which include general, auto and worker's comp are very complex. Millward is able to handle and update all of our needs at any time of the year. I really like the fact they get back to you very quickly! They are very knowledgeable and caring we never think of going elsewhere. We will definitely be customers for years to come. Thank you Millward Agency!
Chad StottChad Stott
17:56 07 Jun 18
Wade and the Millward team have been consistently reliable, prompt, knowledgeable and a pleasure to work with. Wade and his crew have guided us through our ever growing needs and we attribute our success to the partnerships we have forged with organizations like The Millward Agency. We look forward to many more years working together.
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Common Policies Needed

Millward Agency takes pride in our “Auto Secure Program,” a specialty package crafted specifically for the automotive industry. This program includes comprehensive coverage for property damage, equipment breakdown, business interruption, and much more. Experience peace of mind knowing you’re protected against the unique risks your business faces.

Property Insurance
  • Provides coverage for physical assets owned or leased by wholesalers and distributors, including warehouses, distribution centers, office buildings, equipment, inventory, and fixtures. This coverage protects against damage or loss due to perils such as fire, theft, vandalism, and natural disasters.
Cargo Insurance
  • Covers goods and merchandise in transit, including shipments transported by air, sea, rail, or truck. Cargo insurance protects against loss or damage to goods caused by theft, accidents, natural disasters, or other perils during transportation.
Employment Practices Liability Insurance (EPLI)
  • Provides coverage for claims related to employment practices such as discrimination, harassment, wrongful termination, or violation of employment laws. EPLI protects wholesalers and distributors from lawsuits filed by employees alleging unfair treatment or unlawful practices.
General Liability Insurance

  • Protects against bodily injury and property damage claims arising from accidents or incidents that occur on business premises or as a result of business operations. This coverage is essential for addressing liabilities associated with slip-and-fall accidents, product defects, or third-party injuries.
Warehouse Legal Liability Insurance
  • Protects against damage or loss to customer goods stored in warehouses or distribution centers owned or operated by wholesalers and distributors. This coverage is essential for addressing liabilities associated with inventory damage, theft, or mishandling during storage or handling.
Workers' Compensation Insurance
  • Provides coverage for medical expenses, lost wages, and disability benefits for employees who are injured or become ill while performing their job duties. Workers’ compensation insurance is required by law in most jurisdictions and helps protect wholesalers and distributors from financial liabilities arising from workplace injuries or illnesses.
Product Liability Insurance
  • Covers claims of bodily injury or property damage caused by products sold, distributed, or manufactured by wholesalers and distributors. This coverage is vital for addressing liabilities associated with defective products, product recalls, or failure to warn of product risks.
Business Interruption Insurance
  • Provides coverage for lost income and extra expenses incurred by wholesalers and distributors due to a temporary interruption or suspension of operations caused by covered perils, such as fire, equipment breakdown, or natural disasters.
Professional Liability Insurance
  • Covers claims of professional negligence, errors, or omissions in services provided by wholesalers and distributors, including consulting, advice, or recommendations related to product distribution or supply chain management.
Commercial Auto Insurance
  • Provides coverage for vehicles owned or used by wholesalers and distributors for business purposes, including delivery trucks, vans, and other commercial vehicles. This coverage protects against damages to vehicles, liability for accidents, and injuries to drivers or passengers.
Cyber Liability Insurance
  • Protects against losses resulting from data breaches, cyberattacks, or other cyber incidents that compromise sensitive information stored or transmitted by wholesalers and distributors’ computer systems. This coverage is critical for safeguarding customer data, financial records, and business operations.
Directors and Officers (D&O) Insurance
  • Protects directors, officers, and board members of wholesalers and distributors from personal liability for decisions made in their official capacities. D&O insurance is essential for addressing allegations of mismanagement, breach of fiduciary duty, or corporate governance issues that could result in lawsuits or regulatory actions.
Property Insurance
  • Provides coverage for physical assets owned or leased by wholesalers and distributors, including warehouses, distribution centers, office buildings, equipment, inventory, and fixtures. This coverage protects against damage or loss due to perils such as fire, theft, vandalism, and natural disasters.
General Liability Insurance

  • Protects against bodily injury and property damage claims arising from accidents or incidents that occur on business premises or as a result of business operations. This coverage is essential for addressing liabilities associated with slip-and-fall accidents, product defects, or third-party injuries.
Product Liability Insurance
  • Covers claims of bodily injury or property damage caused by products sold, distributed, or manufactured by wholesalers and distributors. This coverage is vital for addressing liabilities associated with defective products, product recalls, or failure to warn of product risks.
Commercial Auto Insurance
  • Provides coverage for vehicles owned or used by wholesalers and distributors for business purposes, including delivery trucks, vans, and other commercial vehicles. This coverage protects against damages to vehicles, liability for accidents, and injuries to drivers or passengers.
Cargo Insurance
  • Covers goods and merchandise in transit, including shipments transported by air, sea, rail, or truck. Cargo insurance protects against loss or damage to goods caused by theft, accidents, natural disasters, or other perils during transportation.
Warehouse Legal Liability Insurance
  • Protects against damage or loss to customer goods stored in warehouses or distribution centers owned or operated by wholesalers and distributors. This coverage is essential for addressing liabilities associated with inventory damage, theft, or mishandling during storage or handling.
Business Interruption Insurance
  • Provides coverage for lost income and extra expenses incurred by wholesalers and distributors due to a temporary interruption or suspension of operations caused by covered perils, such as fire, equipment breakdown, or natural disasters.
Cyber Liability Insurance
  • Protects against losses resulting from data breaches, cyberattacks, or other cyber incidents that compromise sensitive information stored or transmitted by wholesalers and distributors’ computer systems. This coverage is critical for safeguarding customer data, financial records, and business operations.
Employment Practices Liability Insurance (EPLI)
  • Provides coverage for claims related to employment practices such as discrimination, harassment, wrongful termination, or violation of employment laws. EPLI protects wholesalers and distributors from lawsuits filed by employees alleging unfair treatment or unlawful practices.
Workers' Compensation Insurance
  • Provides coverage for medical expenses, lost wages, and disability benefits for employees who are injured or become ill while performing their job duties. Workers’ compensation insurance is required by law in most jurisdictions and helps protect wholesalers and distributors from financial liabilities arising from workplace injuries or illnesses.
Professional Liability Insurance
  • Covers claims of professional negligence, errors, or omissions in services provided by wholesalers and distributors, including consulting, advice, or recommendations related to product distribution or supply chain management.
Directors and Officers (D&O) Insurance
  • Protects directors, officers, and board members of wholesalers and distributors from personal liability for decisions made in their official capacities. D&O insurance is essential for addressing allegations of mismanagement, breach of fiduciary duty, or corporate governance issues that could result in lawsuits or regulatory actions.

Get a Quote

Ready to accelerate your business’s security and success? Contact Millward Agency today for a personalized insurance quote. Our team of experts is here to guide you through the process with ease and confidence, ensuring your business is covered, no matter what lies on the road ahead.