Insurance for Coffee Wholesalers
Coffee wholesalers insurance can incorporate a variety of covers that can be tailored to your specific business needs to protect your business against a wide range of risks. Without the right insurance in place, your livelihood could be exposed to financial loss resulting from unforeseen events.
At Business Insurance Service, we understand not just the insurance industry, but the commercial sector too. Our brokers have years of experience and expertise in finding wholesalers and importers from across all disciplines the right kind of Property, Cargo and Products Liability insurance cover for wholesalers, giving both sole traders, SMEs, and large companies the protection they need.
What Insurance does a Coffee Wholesaler need?
Minimum recommended cover can usually be arranged on a Commercial Combined policy to include Buildings, Computer Equipment & General Contents, Increased Expenditure, Employee Dishonesty, Public Liability, Employers’ Liability
Property exposure comes from the damageability of the product, not the ignition point. Coffee can be damaged by smoke, heat, fire or water, and usually has very little salvage value. Items to consider for fire exposure are the type of storage racks; whether on pallets or on the floor; whether or not the operation constructs the wood pallets; and the size, shape, cut-offs, and fire walls within the storage facility. Although most coffee would not have a high potential for theft, the upmarket brands may prove more inviting. If theft potential is present, security measures should be in place. Are alarms, guards, lighting, fencing, or other protections used?
Premises liability is limited, provided no customer pickup is permitted. If customers pick up goods, loading bays must be user-friendly. Areas for pickup must be clearly marked and customers should be confined to the specific areas.
Crime exposure is from Employee Dishonesty. All ordering and inventory control must be separated in order to maintain checks and balances.
Employers’ liability exposure comes primarily from lifting which can cause back injury, hernia, sprain, and strain. What kind of training do employees receive, and what types of material lifting or conveying devices are used within the warehouse or wholesale facility? There is also the motor vehicle delivery hazard. What is the training of drivers? Are periodic medical check-ups required? Are driving records reviewed periodically? Do drivers do the unloading? Is this done manually, or are lifting and conveying devices used during loading and unloading?
Products liability is low, provided the manufacturer is insured. If there is any spoilage potential, all products should be dated and stored as required by the manufacturer. Products should also be marked in a way to make access easy in case of recall.
Motor vehicle exposure is a major concern. Training and prior record of drivers, as well as the condition and maintenance of vehicles and radius of operation, are key items to consider. What is the training of drivers? Are periodic medical check-ups required? Are driving records reviewed periodically? What is the procedure for drivers who are involved in accidents or violations?
What other risks do the Security Industry face?
Other losses can result from the mobile equipment, radios, base station, walkie-talkies and other items the guards and watchpersons carry on their persons or in their vehicles. Surveillance equipment is highly sophisticated, sensitive and a theft attraction. All equipment must be secured and locked when not in use. Is there a procedure of returning items to a central location after use or are items taken home? What about inventory control? Deeds and documents are important and must be protected since these will include contracts and review of security needs of customers.
Why not discover more about Business Insurance Service? Or simply get in touch with our services today.
How can Business Insurance Service help Coffee Wholesalers?
Whether you’re a sole trader or a small to large company, your insurance portfolio has to be up to date and provide you and your business with the right level of protection. Rather than trying to find liability or products liability insurance by hunting through countless websites, let us or our website do it for you.
We’re members of the British Insurance Brokers Association (BIBA) and work with some of the largest and best-known insurance providers in the UK, including Lloyds of London for larger, more complex and high-risk customers. We’re fully regulated and committed to delivering a premium quality, trustworthy and reliable service to all our customers, regardless of size.
As preferred brokers working with some of the largest insurance providers in the UK, we have immediate access to a huge range of policies for various businesses, including vets and surgeries. We provide our customers with a bespoke or package service, creating insurance portfolios that are specifically tailored to your individual needs, and your budget.