Wine Wholesalers

Insurance for Wine Wholesalers by Prosura

Businesses operating in the wines and spirits distribution sector face very specific challenges. Ever changing exchange rates, handling goods that are high value and attractive to thieves and navigating HMRC duty requirements. You will also need to spend significant time with suppliers making sure that the quality of the goods you want to distribute is perfect for your markets.

Insurance is probably just about the last thing you want to be worrying about – and you certainly don’t make any money out of it! That’s why Prosura exists. We know you have better things to be doing. So we offer a friction free service and access to a range of policies from a host of leading UK insurers. So, don’t just insure it – Prosura it.

What needs to be included on a Wine Wholesalers Insurance policy?

As a wine merchant, there are a number of things that need careful consideration when arranging a policy. Of course, you’ll need a range of covers that are common to other businesses across a range of sectors, but firstly you need to think about the specific, unique covers that you’re likely to rely on at some point in your business life.

Wine Wholesalers stock insurance

While every business ought to have stock insurance in place, its particularly important to get the right kind of cover in place as a wine merchant. You’re in the unusual position of having stock whose value may fluctuate significantly. For that reason, cover needs to be taken out that recognizes the value of your wines and spirits at the time of loss rather that at cost price.

Marine Cargo Insurance for Wine Merchants

You face very specific risks when importing wines and spirits – for example, stained labels which may affect the value of an entire shipment.

What else should a Wine Wholesaler consider when buying business insurance?

As already stated, there are a range of general business covers that may well be requirements for you as a wine wholesaler. These include, but are not limited to:

  • Public Liability Insurance
  • Employers Liability Insurance
  • D&O
  • Business Interruption cover
  • Commercial Premises and contents
  • Cyber Liability

Why choose Prosura for your Wine Wholesalers insurance requirements?

We’re here to let you get on with running your business by providing friction free access to expert advice and high quality insurers. We’re on hand with professional advice as your business evolves and expands.

We also give all our Wine Wholesalers Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.

For your Wine Wholesaler cover requirements, contact the specialist brokers at Prosura today.

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