Frequently Asked Questions
What does fancy goods wholesale insurance usually cover?
It can include warehouse premises, contents, stock, racking, packing equipment, public liability, employers' liability, product liability, goods in transit and business interruption cover depending on the operation.
Is fancy goods wholesale insurance different from fancy goods shop insurance?
Yes. Fancy goods wholesale insurance focuses on warehouse stock, imports, distribution and business-to-business supply, while fancy goods shop insurance focuses on retail premises, public footfall and shop trading.
Do fancy goods wholesalers need product liability insurance?
Product liability is often important where goods are imported, own-branded, repacked, relabelled, novelty-led, fragile, toy-like, candle-related or supplied with warnings and instructions.
Can seasonal stock peaks be insured?
Often yes, subject to policy terms and declared values. Insurers usually need to understand maximum stock values during Christmas, tourism periods, seasonal launches or promotional peaks.
Can goods in transit be included?
Yes, goods in transit can usually be reviewed for deliveries by own vehicles, couriers, parcel carriers, pallet networks and customer collections.
What information helps insurers quote?
Insurers usually need stock values, product categories, import activity, premises security, fire protections, delivery methods, customer types, turnover, product controls and claims history.