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Home > Blog > What Does Wholesale Insurance Cover?
MONDAY, AUGUST 1, 2022

What Does Wholesale Insurance Cover?

Wholesale insurance is also known as franchise insurance and covers a small group of employers with individual insurance policies. Different policies are available under wholesale insurance, although restrictions and outlines for each are the same for the parties involved. 

Insurance available under wholesale insurance may include: business owner shaking hands with customer

General Liability Insurance 
General liability insurance covers claims against the business concerning bodily injury, property damage and personal or advertising injury. If someone is injured on your business’ property, general liability insurance can help pay for the victim’s medical bills while simultaneously protecting your business against a related lawsuit. Personal and advertising injury claims refer to lawsuits concerning libel, slander, malicious persecution, copyright infringement and more. 

Professional Liability Insurance 
Where general liability covers basic accidents of non-professional negligence, professional liability covers claims of professional negligence. If one of your employees makes a mistake while offering a specialized or professional service that causes a client to lose money, professional liability insurance can help cover the related expenses. This insurance is also known as Errors and Omissions insurance or medical malpractice insurance. 

Commercial Property Insurance 
Commercial property insurance covers the physical assets of a business such as the location (like an office or restaurant) and its contents including furniture, equipment and decorations. This insurance compensates for damages often caused by: 

  • Fire
  • Wind
  • Hail
  • Lightning
  • Smoke
  • Theft
  • Vandalism 

Common exclusions include floods and earthquakes, so be sure to speak with an insurance agent about additional coverage. Some wholesale insurance brokerages offer additional coverage such as flood insurance for businesses that need it. 

Business Owners Policy 
A business owners policy (BOP) combines general liability and commercial property insurance into a single policy geared for small businesses. This type of policy can be adjusted to fit your business’ needs, including different limits and additional insurance such as professional liability and umbrella liability. This insurance is best for small businesses in low-risk industries. 

Umbrella liability Insurance 
Umbrella liability insurance serves to fill the gaps left by your other liability insurance policies. If your general liability insurance reaches its limit for a claim, for example, umbrella liability insurance will step in to cover the remaining costs. 

Say that someone is injured on your business’ property. Your general liability insurance policy covers $1 million, but the injury is severe and medical bills along with legal expenses about to $1.5 million. In this case, umbrella liability insurance can help cover the remaining $500,000. 

Workers Compensation 
Workers compensation insurance is crucial and required for most businesses with employees. For example, in Florida, all employers with four or more full or part time employees must offer workers compensation. Workers compensation insurance covers expenses after an employee is injured at work, including: 

  • Medical bills
  • Disability benefits
  • Wage replacement
  • Death benefits
  • Commercial Auto Insurance
  • Commercial auto insurance covers vehicles owned or used by a business for work purposes. If your business uses trucks or vans to transport equipment, for example, you may need commercial auto insurance. 

Commercial Auto Insurance 
Commercial auto insurance covers vehicles owned or used by a business for work purposes. If your business uses trucks or vans to transport equipment, for example, you may need commercial auto insurance. 

All vehicles must be covered under the state’s minimum requirements, including commercial vehicles.

To ensure that your work vehicles—and your employees driving them—are covered, it is recommended that you carry full coverage commercial auto insurance. These policies often include: 

  • Comprehensive Coverage: Comprehensive coverage provides compensation for damages to the vehicle caused by fire, wind, hail, lightning, smoke, theft, vandalism and more.
  • Collision Coverage: Collision coverage provides compensation for damages to the vehicle caused by a collision with another vehicle or object.
  • Liability: Liability insurance covers bodily injury and property damage the driver may cause someone else while operating the insured vehicle.
  • Personal Injury Protection: Personal injury protection (PIP) covers bodily injury the driver and their passengers may receive after an accident, no matter who is at fault.
  • Uninsured/Underinsured Motorist: This insurance covers damages incurred in an accident involving another driver who does not have insurance.
  • Roadside Assistance: Roadside assistance helps with trip interruption expenses such as running out of gas, needing to be towed and more. 


Wholesale insurance is a great way for a group of employers to provide their business with reliable, affordable commercial insurance. 

Posted 6:09 PM

Tags: wholesale insurance
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