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."
Mid to large wholesalers
Mid to large commercial storage and warehousing operations
Distributors and transportation terminals
- 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.
Our Solutions:
- Property and Business Income
- Inland Marine, including:
- Transportation and Cargo Legal Liability
- Property Legal Liability (including warehouse, riggers, and bailees)
- Equipment Breakdown, including production machinery
- Crime
- Commercial General Liability
- Umbrella and Excess Liability
- Commercial Automobile
- Cyber
- Management and Professional Liability
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
- Equipment Breakdown
- Contingent Business Interruption
- Motor Truck Cargo
- Transportation Floater
- Crime
- Product Recall Expense
- Liability
Key coverages
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.
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.
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.
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.
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.
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.
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 is threatened to be 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.
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.
