Wholesalers & Distributors Insurance Program



Our Wholesalers and Distributors Insurance Program uses an unbundled approach to identify the best underwriters, claim managers, and loss control providers to create an effective and efficient risk management program.


A Change from the Traditional Insurance Program Design

  • Although the standard carriers view distributors as desirable risks, their plans don’t include special rates or coverage
  • Careful underwriting review allows only qualified wholesale businesses to join the program resulting in lower rates for all
  • A group of similar businesses produces more predicable loss results leading to more stable year over year rates and pricing
  • Tailored loss control services
  • Top rated carriers


Additional Services

  • Workers compensation audits to uncover rating and experience modification calculation errors
  • Review of distribution agreements, bills of lading, sales representative and licensing agreements by experienced attorneys
  • Outsourced human resources services to manage compliance and employment practices loss control


Broad Coverage Across All Lines of Coverage 

  • Single property coverage policy limit for buildings and contents for multiple locations
  • Possibility of co-insurance penalties for property losses is eliminated
  • Loss of income coverage for occupied locations and extended to supply chain operations



  • Contractual liability and vendors coverage included
  • Product recall available
  • Importers eligible
  • Reduced rates for drop shipped sales
  • Umbrella limits up to $50,000,000
  • Discounted and loss sensitive workers’ compensation programs
  • Discounted and experience rating available for large auto fleets


Transit and Marine

  • Motor truck Cargo and Terminal liability coverage available


Management Liability

  • Directors & Officers Liability Coverage
  • Employment Practices Liability Coverage
  • Loss discovered coverage for employee dishonesty
  • Fiduciary Liability Coverage


SIC Codes

SIC Codes
SIC Codes
5013 Motor Vehicle Supplies and New Parts 5111 Printing and Writing Paper
5014 Tires and Tubes – New 5112 Stationery and Office Supplies
5021 Furniture 5113 Industrial and Personal Service Paper
5023 Home Furnishings 5122 Cosmetics / Perfumes (No Pharmaceuticals)
5033 Roofing Siding and Insulation 5131 Textiles, Piece Goods, and Notions
5039 Construction Materials 5136 Men’s and Boys’ Clothing
5043 Photographic Equipment and Supplies 5137 Women’s and Children’s Clothing
5044 Office Equipment 5139 Footwear
5045 Computers, Peripherals, and Software 5142 Packaged Frozen Goods
5046 Commercial Equipment 5144 Poultry and Poultry Products
5047 Medical & Hospital Equipment 5146 Fish and Seafoods
5048 Opthalmic Goods 5147 Meats and Meat Products
5049 Professional Equipment 5148 Fresh Fruits and Vegetables
5051 Metal Service Centers and Products 5149 Groceries and Related Products
5063 Electrical Apparatus and Equipment 5162 Plastics Materials and Basic Shapes
5064 Electrical Appliances, Television & Radio 5172 Petroleum Products and Equipment
5065 Electronic Parts and Equipment 5181 Beer and Ale
5072 Hardware 5182 Wine and Distilled Beverages
5074 Plumbing and Hydronic Heating Supplies 5192 Books, Periodicals, and Newspapers
5075 Warm Air Heating and Air Conditioning 5198 Paints, Varnishes, and Supplies
5078 Refrigeration Equipment and Supplies 5199 Non-Durable Goods NEC
5082 Construction Machinery
5083 Farm Machinery
5084 Industrial Machinery and Equipment
5085 Industrial Supplies
5087 Service Establishment Equipment
5088 Transportation Equipment & Supplies
5091 Sporting & Recreational Goods
5092 Toys, Hobby Goods & Supplies
5099 Durable Goods NEC

Cherry Bekaert Benefits Consulting, LLC is a Chernoff Diamond Affiliate. Chernoff Diamond & Co., LLC is a Managing Member of Cherry Bekaert Benefits Consulting. Chernoff Diamond & Co., LLC offers Investment Advisory Services through M Holdings Securities, Inc., A Registered Broker/Dealer, Member FINRA/SIPC. Check the background of this Firm and/or investment professional on FINRA's BrokerCheck. Chernoff Diamond & Co., LLC is independently owned and operated. Chernoff Diamond & Co., LLC, is a member of M Financial Group. Please visit mfin.com/DisclosureStatement.htm for further details involving this relationship.

Chernoff Diamond and their registered representatives are currently licensed to sell variable life and annuity products, as well as other securities products, in the states of California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Missouri, New Jersey, New York, North Carolina, Pennsylvania, Virginia, Wyoming and Washington DC. Residents of other states should consult with a local registered representative for securities products.

Proper state registration is mandatory prior to conducting business in any state.

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