Wholesale Distributors Insurance and What it Means
The wholesale distribution industry is currently undergoing a bit of a face lift. In order to address the new wave of customers and supply chains that wholesale distributors continually serve, virtually every type of distribution company has had to make changes. To keep current with their market, distribution companies have had to become quicker and more efficient, while facing tougher delivery requirements and cost justification demands.
Harrington Insurance Agency understands the demands of the wholesale distribution industry. We have found that only by learning about the structure and practices of wholesale distributors can we account for the increasingly complex challenges you face. Whether you supply raw material to a plastic company, building supplies to contractors, or food to restaurant chains, Harrington Insurance Agency can provide you with insurance coverage tailored to meet your unique needs.
Saved in Just Eight Hours
A large national food wholesaler, a Harrington Insurance client, was notified that a consumer claimed he had suffered debilitating effects from one of their products and was asking for a six-figure settlement. One of the wholesaler’s managers called Harrington at 8:45 a.m. the next day with the details. By 10 a.m., he was speaking with the insurance company’s West Coast claims manager, reviewing the coverage, details of the claim and the plaintiff’s complaint against the company. By 4:40 pm the same day, the entire claim had been settled, with the wholesaler paying only an attorney’s fee of $2,000.
“When a client has a claim, we all jump,” says Steve Harrington. “That includes analysts behind the scenes, who always check on a possible history of the plaintiff’s other claims against different companies. Liability requires a great deal of “discovery” before payment is determined and there are many details to consider. In this instance, at the end of just one day, after a team of people worked the case together, our client could go home with peace of mind.”