PIA has been tailoring insurance programs for wholesalers and distributors since we opened our doors in 1960. Part of our arsenal includes a package program endorsed by the National Association of Wholesalers and underwritten by CGU Insurance Group.

What kind of coverage do you need?

As a bare minimum you should carry:

• General Liability to insure against third party negligence claims.
• Property to insure buildings, office equipment, stock, loss of income, and inventory.
• EDP to insure your computer hardware and software equipment.
• Transportation and Cargo to insure goods in transit away from your premises.
• Crime to insure against employee theft, and theft of monies and securities.
• Peak Season Endorsements to insure additional stock and product during heavy production periods.

In addition to the above types of coverage you may need:

• Workers Compensation which is required by law if you have any employees.
• Auto Insurance if your company owns any vehicles.
• Umbrella Liability Insurance for extra protection.
• Mechanical Breakdown Insurance to cover sudden and accidental loss due to electrical surges in your air conditioning, appliances, or electrical systems.

Other considerations that we highly recommend are:

• Employment Practices Liability to insure against employee suits arising from sexual harassment, wrongful termination, and discrimination.
• Fiduciary Liability to insure against employee suits arising from employee benefit plans.
• Product Recall Expense to cover the cost to remove recalled products from retail stores.
• Liquor Legal Liability if you sell or distribute alcoholic goods.
• If your organization has a website we also recommend Media Liability Insurance

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