Frequently Asked Questions
What does machinery wholesale insurance usually cover?
It can include warehouse premises, contents, machinery stock, racking, forklifts, lifting equipment, public liability, employers' liability, product liability, goods in transit and business interruption cover depending on the operation.
Is machinery wholesale insurance different from plant hire insurance?
Yes. Machinery wholesale insurance is aimed at businesses selling or distributing machinery stock, while plant hire insurance is usually built around equipment hired out to customers and loss of hire exposure.
Do machinery wholesalers need product liability insurance?
Usually yes, especially if the business imports, brands, modifies, tests, demonstrates, supplies instructions or distributes machinery into commercial or industrial use.
Can machinery be covered in transit?
Goods in transit can usually be reviewed for machinery moved by own vehicles, specialist hauliers, couriers, pallet networks, tail-lift deliveries or customer collection arrangements.
Does this cover servicing or demonstrations?
Servicing, testing, demonstrations, training, installation advice or commissioning support should be declared because they can change the liability profile and may need specific wording.
What information helps insurers quote?
Insurers usually need stock values, machinery types, import activity, premises security, lifting equipment, delivery methods, customer sectors, product controls, turnover and claims history.