As the decision-maker of a paper product distributor business, it goes without saying that you have a lot on your plate.
For starters, you’re distributing a product that’s used in offices, schools, and homes throughout the country. And when you’re not attending to the day-to-day logistics involved with sourcing inventory and getting product shipments out on time, you’ve got employees and payroll-related concerns to juggle.
While you may not be able to predict when a disaster might occur, paper distributor company insurance can make it a lot easier to manage the fallout.
The 3 Types of Paper Distributor Business Insurance That You May Want to Consider
1. Commercial General Liability Insurance
In the world of distributing, it’s not unusual for a potential client to pop in and take a tour of the facilities every once in a while. And when you’re entertaining guests or even the press from time to time, the last thing you want is for someone to take an unfortunate tumble.
Commercial general liability insurance is well-known anecdotally as “slip and fall insurance”. But it can also include coverage types like tenants liability insurance and products liability insurance on top of bodily harm or property damage suffered by third parties.
Whether you’re looking at product safety issues or damage accidentally done to a leased building, commercial general liability insurance can allow paper distributor companies to protect themselves more easily.
2. Commercial Property Insurance
It goes without saying that paper is highly, highly flammable. If a fire were to break out in your building, chances are that you could very well lose most of your inventory in the blink of an eye.
And that’s just the merchandise.
When you also factor business equipment you may be keeping in your building, like computers or customer files, replacing your company property in the aftermath of a disaster can quickly become even more difficult.
Commercial property insurance makes it possible for businesses to receive compensation in the event that your equipment and inventory are damaged due to an insured peril.
3. Business Interruption Insurance
Sometimes it’s possible for a fire or some other insured peril to damage your facility to the point where you can’t operate as a business until repairs are made.
However, while commercial property insurance may cover you for the loss of your inventory, to name one example, many insurance policies won’t reimburse you for the subsequent loss of income that you have to contend with until your business is operational again.
Business interruption insurance policy is an option that may allow paper distributor companies to be compensated for financial losses and some types of expenses in these sorts of situations.
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The Reason Why You Should Hire a Broker for Your Paper Distributor Company Insurance
As a paper distributor and a business owner, you’ll quickly find that there are plenty of insurance options available for you to consider. But when the policy you choose can be the difference between being underinsured and having adequate coverage, it pays to work with a professional broker who will be able to look at your options and recommend a prudent course of action. At ALIGNED, we work with the top insurer in Canada.
Contact an ALIGNED broker for your FREE quote today!
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