Business insurance Retailers, wholesalers or manufacturers
You are a Retailer, wholesaler or manufacturer?
Jointly responsible, retailers, wholesalers and manufacturers form a chain that ends with the consumer. The latter will have recourse against one or the other of the links in this chain. This is why it is important to have an insurance broker who understands your needs and who is able to offer you all the products you may need. At OVC Insurance, our team of brokers will be able to advise you and offer you the insurance products that are best suited to your business.
Where to start? There are hundreds of business insurance coverages. What do I need?
By talking to a broker, you will be able to identify your insurance needs and make an informed choice concerning your coverage. Insurance is very complex and it's easy to get lost. A quick 15-minute telephone conversation will allow us to discuss your business and guide you towards your various options. Everything is offered free of charge and without any obligation on your part. After this discussion, you will already see much more clearly through it all. Don't waste time and ask one of our experts depending on your industry.
Myth or reality Insurance beliefs for retailers, wholesalers or manufacturers
Do you know your protections well?
False. According to caselaw, the retailer could be held liable or be prosecuted for the damages caused by a product sold.
True. When your product is manufactured in China, in addition to possibly having problems regarding quality, it is extremely difficult to seek a remedy against a Chinese manufacturer. The chain will therefore stop at the wholesaler or retailer.
The Basic coverages
The basics or business insurance
Property insurance
Property insurance covers the tangible, what is material, in the broad sense. It is therefore possible to cover buildings, equipment, tools or even stationery. It will also be possible to cover the consequences that damage to your property could cause, in particular the subsequent loss of income.
Machine breakdown
This protection covers claims of electrical or mechanical origin and due to pressure, including or not your production chain.
Third party liability
Your responsibility could be engaged in different ways and, depending on your activities, you may need several coverages: third party, professional, environmental, directors and officers, among others.
Operating loss
Protect your loss of income resulting from an incident covered by your insurance policy.
Complement of Coverage
A specialized insurance adapted to your activities.
Manufacturers' errors and omissions
This coverage is intended to cover failure to fulfill the intended function when it causes damage that is not of a bodily or material nature.
Earthquake
This protection aims to protect you against seismic activities, whether they be artificial or natural.
Sewer backflow
When wastewater causes damage, it is very likely that the required protection is the sewers' backflow. This protection will cover the affected property and building.
Flood
This protection covers floods, in addition to the leakage or overflow of any natural or artificial body of water, surface water, waves, tides, tidal waves and tsunamis.