FAQ_category: (HIDDEN) Industry FAQs

Yes! When you have the right policy structures. For example: 

• Inland marine / transit insurance covers merchandise while it’s moving between locations (warehouse to customer, etc.) 

• Property + warehouse coverage protect inventory when stored on-site 

• Off-site or “stock in transit” end 

Endorsements can fill gaps not covered under standard property policies. 

On average, wholesalers and distributers pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

Wholesalers typically need a suite of coverages to protect both physical assets and operational risks: 

• General Liability – covers claims of bodily injury or property damage caused by your operations or products 

• Commercial Property – protects your warehouse, inventory, fixtures, and business equipment 

• Business Income / Interruption – covers loss of revenue if operations are halted due to a covered peril 

• Product Liability – protects against claims arising from defects or harm caused by distributed products 

• Cyber Liability – needed if you handle customer data, online orders, or investment in digital systems 

• Workers’ Compensation Insurance – Required in most states; covers employee injuries from repetitive tasks, lifting heavy items, or workplace slips. 

Yes. Most jewelry businesses benefit from bailee’s coverage, which extends protection to: 

• Customer items left for repair, cleaning, or resizing 

• Shipments to and from vendors or clients 

• Merchandise displayed at events or stored off-site 

Without this coverage, you could be responsible for replacing customer property if it’s lost or damaged while in your care. 

Yes!  Insurance provides protection for: 

• Inventory damaged, lost, or stolen on-site or in transit 

• Customer property held for repair, cleaning, or appraisal 

• Off-site exposure during trade shows, transport, or display events 

This coverage ensures both your merchandise and customer items are protected from major losses.