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 the events of the last years still heavily impacting the way in which we live and how businesses operate, the top global risks for businesses in 2022 will come as no surprise.
Cyber risk continues to be a leading risk for Australian businesses in a post-pandemic world. As Australians continue to work remotely, relying heavily on digital platforms to interact and conduct business transactions - cybercriminals are taking advantage. Understand how you can mitigate the risk of cybercrime and minimise the damage inflicted by a cyber-attack.