Several factors contribute to the cost of business insurance for wholesalers, such as your business size and industry risk. Cost estimates are sourced from policies purchased by Insureon customers.
Product recall insurance can provide strong financial protection for businesses that have to carry out a product recall. This coverage isn't included with general liability insurance, but it can be added as a rider.
A business could face a wrongful death lawsuit if a product that it made or sold resulted in someone's death. Product liability insurance can protect your business from legal expenses, reputational damage, and other fallout.
A defective product can harm your customers, as well as impact your business's reputation and finances. Product liability insurance helps cover the cost of lawsuits when a product you made or sold causes harm.