Your industry in focus

You need to get your clients' goods where they need to go and minimize your risks en route. You've got trucks on the road that need to keep a tight schedule, stock with precise temperature requirements, inventory that needs to be accurately tracked and products that need a little TLC; sometimes even assembly. Sovereign appreciates the challenges you face when providing warehousing and distribution for your customers. For every stage of your operation, we design flexible risk solutions that make sure you've got all the coverage you need, none that you don't, and extras for the higher risk "special deliveries."

Targeting:

Mid to large commercial storage and warehousing operations

Distributors and transportation terminals

Specializing in:
  • Cold Storage
  • Food and Beverage
  • Paper Products
  • Local Trucking
  • Transportation Terminals
  • Warehousing

What Sovereign’s Wholesale, Transportation and Logistics solutions offer:

Insurance wordings may offer large coverage limits for certain supplementary coverages or expand some coverage terms. This is great if it’s coverage that you need but loses its value if you’re covering operations you don’t have. Our approach is to provide a complete package solution that reduces or eliminates the potential for gaps in your coverage by tailoring coverage limits and terms – making your coverage more valuable and cost effective. From your warehouse and equipment, to your responsibility for your customer’s merchandise, to your liability protection – and more – you’re protected from the ground up.

We can develop a solution for:

  • Property
  • Business Interruption
  • Equipment Breakdown
  • Crime
  • Automobile
  • Liability
  • Technology and Cyber

Coverages designed to protect your business

Your exposures on the road and in the warehouse are unique to your business. We provide key insurance coverages to meet the unique needs of the Wholesale, Transportation and Logistics industry.

Warehouseman's Legal Liability

Warehouseman's Legal Liability

Coverage snapshot

Operating a warehouse requires that you take reasonable care of your customer’s goods. But with a lot of people and transportation in motion, there's always a chance something can get misplaced or damaged. Warehouseman’s Legal Liability coverage protects you in the event you are found to be legally responsible for loss or damage to your customers’ merchandise while it’s in your care and custody.


Imagine a scenario where...

A fire breaks out in your warehouse. Unfortunately, the sprinkler system isn’t up to code and doesn’t manage to put out the fire. Your customer’s property that you’re storing is destroyed and you’re left responsible for the damage. Warehouseman's Legal Liability can help.

Equipment Breakdown

Equipment Breakdown

Coverage snapshot

You work with a lot of equipment, each with moving parts that are susceptible to breaking down from time to time. Equipment Breakdown provides coverage at your insured location for: boilers, pressure vessels, refrigeration and air conditioning equipment, electrical or electronic apparatus that are connected and ready for use. This coverage allows you to protect and manage your business in the event of an unexpected breakdown.


Imagine a scenario where...

Compressor failures take down your refrigeration system. It takes several days to repair or replace the equipment and you’re left worrying about how you’ll fulfill your product orders and meet the expectations of your customers. You face out-of-pocket costs to not only repair or replace the physical equipment but also the additional costs to keep your business up and running. Equipment Breakdown coverage provides protection for your installed equipment and helps you protect your business against this type of loss.

Contingent Business Interruption

Contingent Business Interruption

Coverage snapshot

You’re part of a supply chain and depend on others, either as one of your suppliers or as one of your customers. A break in the chain can negatively impact your sales. Contingent Business Interruption covers you for loss of sales resulting from a physical loss of (or damage to) a supplier or customer’s operations or property.


Imagine a scenario where...

A fire breaks out at a factory owned by one of your largest suppliers and their manufacturing plant is shut down for 6 months, while they repair the damage. As a wholesaler, this impacts your income as they can no longer deliver the goods you sell to your customers. Contingent Business Interruption can cover additional costs incurred to obtain alternative supplies or the loss of income if no alternative is possible.

Motor Truck Cargo

Motor Truck Cargo

Coverage snapshot

You want to get the goods from A to Z on time and undamaged, but some trips are riskier than others. While on the road, there’s always a risk that your product could accidently get crushed, dropped or damaged. Motor Truck Cargo can protect against loss or damage to your goods, or to your customers’ goods, while being transported by truck, including while being loaded or unloaded.


Imagine a scenario where...

One of your trucks is on the highway, getting food to grocery stores across the province. A car swerves in front of the truck, forcing it off the road, and the truck overturns. Your cargo scatters across the highway, destroying the entire shipment. Motor Truck Cargo coverage can protect you for the value of the damaged cargo.

Transportation Floater

Transportation Floater

Coverage snapshot

Whether by rail, in the air or on the big open highway, you want to keep the goods you’re transporting safe. With all the variables in play, that's not always possible; there's always a risk something can happen to the product you're transporting. Transportation coverage can protect incoming and outgoing shipments of goods against loss or damage until they reach their destination.


Imagine a scenario where...

You’ve arranged for a shipment of stock to be sent to a retailer in your area but you find out that the shipment was stolen while waiting on the loading dock at your distribution center. A Transportation Floater can cover you for the value of the stolen shipment.

Crime

Crime

Coverage snapshot

A dishonest employee looking for a quick break could leave your business at a loss. Crime coverage can provide protection for loss of money, securities or other property due to theft or forgery by an employee.


Imagine a scenario where...

An employee has been embezzling funds and re-directs monthly payments from one of your customers to a separate personal account. By the time the finance department becomes aware, your company has lost a significant amount of funds. Employee Dishonesty, which is one of several available Crime coverages, protects you from this type of financial loss by reimbursing you for the amount lost, up to your limit.

Product Recall Expense

Product Recall Expense

Coverage snapshot

The health and safety of your customers is your greatest priority. So, if your product has been intentionally tampered with (or threatened to have been tampered with) to cause harm to consumers, you need it recalled. Fast. We can help cover your expenses to withdraw the product from the marketplace. These expenses include your pre-recall expense (inspection) and the option to replace the recalled product. We include Product Recall Expense coverage for threatened, actual alteration, or contamination of a product that has been tampered with and as a result is unfit for use or dangerous to the consumer.


Imagine a scenario where...

A small kitchen appliance, one of several products distributed by your company, is suspected of having a defect which causes it to overheat and potentially cause a fire. You’re not convinced your overseas manufacturer can cover the costs of the recall. With insurance, you can recoup the significant cost to recall the product from store shelves and from customers’ homes without worrying about what position your overseas manufacturer is in.

Liability

Liability

Coverage snapshot

Even if you’re not a manufacturer, sometimes you need to alter, assemble or re-package a product before you deliver it, which means you could be held partly responsible for any bodily injury or property damage traced back to your dealings with the product. You don’t have to be a manufacturer to have a liability claim, so it’s important to be protected.


Imagine a scenario where...

You’re a distributor or wholesaler of a variety of products and part of your operation involves some minor assembly of folding chairs before they’re shipped to retailers. A customer sits on one of these chairs and it collapses. You could be held partially liable for their bodily injury since you were responsible for assembling the chair. Liability can cover your defense costs and provide compensation to the affected customer.