Summit Commercial Insurance Solutions
Industries/

Retail & Wholesale Insurance

Insurance for retail stores, online sellers, wholesalers and distributors. From customer injuries on the shop floor to stock in the warehouse and payments online, coverage built around how you actually sell.

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The Challenges

Risks unique to retail & wholesale.

Inventory Risk

Stock in stores, warehouses and distribution centres is significant capital exposed to theft, damage and spoilage.

Product Liability

Retailers and distributors can be held liable for defective products they sell, even if they did not manufacture them.

Premises Liability

Customer injuries in high-traffic stores and showrooms are a constant exposure.

Cyber & Payment Fraud

E-commerce platforms and POS systems make you a target for payment card fraud and data breaches.

Employment Issues

High staff turnover and seasonal hiring create employment practices liability exposure.

Coverage

Coverage types for retail & wholesale companies.

Every business is different. We'll work with you to build a coverage package that addresses your specific risks and meets your contractual requirements.

Commercial Property & Inventory
Commercial General LiabilityProduct LiabilityCyber Liability
Business Interruption
Commercial Crime
Employment Practices Liability

Why Summit

Why retail & wholesale companies choose Summit.

1

Deep retail and wholesale expertise

2

Coverage for online and physical operations

3

Inventory valuation and distribution centre protection

4

Fast response for seasonal businesses

Common Questions

Retail & Wholesale insurance FAQs.

Am I liable for products I sell but do not manufacture?+
Yes. Retailers and distributors are often considered sellers of record and can be held liable for defective products regardless of who manufactured them. Product liability coverage protects against these claims.
Does general liability cover slip-and-fall injuries in my store?+
Yes. General liability covers slip-and-fall and other customer injuries on your premises. Adequate limits are important for locations with high foot traffic.
How is inventory valued for insurance purposes?+
Inventory can be valued at cost, selling price, or replacement cost depending on your policy. Limits should reflect the full value of stock on hand at any given time, which is especially important for wholesalers carrying large inventories.
Is coverage available for seasonal inventory fluctuations?+
Yes. Peak season endorsements can increase coverage limits during high-inventory periods without paying higher premiums year-round.
What does commercial crime insurance cover for retailers?+
Commercial crime coverage protects against employee theft, forgery, burglary and, in some policies, shoplifting losses. It is critical for retail and wholesale operations handling cash and high-value stock.
Does cyber insurance cover payment card fraud?+
Yes. Cyber policies typically cover costs related to payment card breaches, including forensic investigation, notification, credit monitoring and PCI fines.

Insights

Insights for retail & wholesale businesses

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