Wholesalers & Importers
Increasing globalisation and the interconnectivity of global markets has seen extensive activity in Australia's import, export and wholesale sectors, with APEC (Asia-Pacific Economic Cooperation) members making up over 70% of Australia’s total trade composition.
Importing to, or exporting from Australia can carry with it a number of risk exposures, many of which can vary significantly depending on the nature of the goods in question.
Whitbread's insurance advisors will work closely with you to truly understand the inner workings of your business, ensuring you have an insurance and risk solution that aligns with your future vision.
There are a number of insurance covers available for importers and wholesalers which can address your risk exposures and protect your key assets:
Public and Products Liability
As an importer you carry a substantial liability risk. Australian law deems importers to be the manufacturer of the goods they import. This means that if a product you import contributes to the injury or illness of someone using or consuming your product, you can be held legally responsible. You could be liable to pay hundreds of thousands of dollars in damages if you are without Public and Products Liability Insurance.
The goods you import are likely your primary source of income. This makes it imperative to have cover that protects you for loss or damage to stock. A fire or water damage in your storage facility could see you stand to lose hundreds of thousands of dollars in goods without adequate insurance cover, potentially jeopardising the financial strength of your business.
If transporting your goods around the country, it is important to cover them for loss or damage while in transit.
Regardless of the scale of your business, we strive to deliver an insurance solution that empowers you to make business decisions with greater confidence, so you can plan for your future with certainty.
Areas of specialisation:
With Stage 4 Coronavirus restrictions having been imposed in the Melbourne metropolitan area for several weeks, there has been an impact to the way businesses are legally allowed to operate for the duration of this period.
Unfortunately these restrictions have had an unprecedented impact on the progression of insurance claims, whereby builders and other repair and maintenance companies are only legally permitted to carry out a very limited scope of works.
Devastating bushfires plagued much of Eastern Australia last summer, before a deluge of rain arrived, causing severe flooding and widespread damage to an unprecedented number of properties - including residential strata.
In the aftermath of a flood, many depend on their insurance to help recoup losses. Sadly, stressful situations are often made worse when people discover their Strata Insurance policy does not cover damage as a result of flood.