Midwest Insurance Group (MIG) works with distributors every day throughout Southeast Wisconsin. We understand that your business is part of a complex network of logistics and manufacturing companies. We know that you need to provide certain assurances to your business partners on a timely basis.
We also understand that warehousing isn’t easy. Every time you accept, store or ship stock, you’re taking a risk. Additionally, facilities can be compromised, contracts can fall through, staff members can misbehave and unscrupulous partners can hang you out to dry the list goes on.
You can’t do business without taking some risks. At MIG we do more than set up protection for when a loss occurs. We help you increase your long and short-term financial stability by implementing loss control and cost containment programs, risk management solutions, and safety-related communications.
Thinking Outside of the Box
The majority of standard insurance policies are good for covering direct damage. However, warehousing is a competitive and complex industry. You may need to think about other types of unpreventable losses in order to manage your business’s growth efficiently.
For example, if you have a fire, it could help you replace the damaged facilities. However, you would need the right business interruption policy to cover your lost profits during your shut down for repairs and replacements.
MIG also has other options, such as contingent insurance to cover you in the case of losses your partners suffer. As with our primary policies, our agents and staff will work with you personally on your financial strategies to determine your operation’s risk level, develop risk reduction strategies, and provide the appropriate policies to cover losses should they occur.
Helping You Take Responsibility
Don’t be caught holding the ball when it comes to product liability. Defective or dangerous products could become the responsibility of your warehousing business in addition to or instead of the manufacturer. Although many businesses could benefit from this type of insurance, you would be more likely to need a supplemental policy if you were providing any secondary services, such as:
- Installation
- Service and maintenance
- Branding
- Labeling or providing documentation
Providing Service You Can Trust
Our commitment to our business relationships is obvious from our motto: Founded on Service, Built on Trust. It means that our friendly, knowledgeable agents and staff members are focused on getting you the protection you need to succeed over the long term.
Part of how we do this is by using specialized tools such as industry-specific policies from a wide array of carriers. For your reference, here are some of the key aspects of the MIG wholesale distributor program:
- Selling price valuation on stock
- Product recall, including suspected defect
- Consequential loss assumption coverage
- Cost-containment programs
- Brands and labels
- Foreign products liability
- Contractual liabilities
- Electronic OSHA log
- Manufacturers’ errors and omissions
- Employment practices liability, including third-party coverage
- Cyber Liability
- Carriers that accept all lines of wholesale distributor coverages
- Multiple AM Best A-rated insurance carriers
Midwest Insurance Group partners with Erie insurance, one of the nation’s leading auto and home insurers, with an A.M. Best rating of A+ (Superior).
We welcome inquiries from businesses of all sizes. Please contact us to learn more about what we can do for you.