Manufacturers, wholesalers and import/export firms rely on effective risk management solutions so they can create and deliver the products we all depend on

Our experience spans a wide range of industries, from technology products to hard and soft goods, food, apparel and jewelry, each with its own unique risks and challenges.

Some of our clients span multiple links on the distribution chain, from manufacturing to wholesale and retail, with the attendant complexity this entails. With our holistic, consultative approach, we can help address the unique risk management challenges your organization faces, so you can focus greater attention on your customers and your markets.

Insurance for Manufacturers

Manufacturers usually have substantially more significant exposures to risk than the wholesalers and retailers with whom they do business.

We are familiar with many types of manufacturing operations and are attuned to identifying areas of risk. With a thorough review of all aspects of your manufacturing process, following the chain of exposure from your suppliers to your customers, we are able to customize a program with broad protection and at a competitive cost.

Among the areas of coverage we negotiate are:

  • Property, including machinery, equipment, computer hardware and software and inventory
  • Business Income and Extra Expense
  • Contingent Business Income from Dependent or Recipient Properties
  • Importer/Exporter issues
  • Products Liability
  • Products Recall
  • Crime
  • Utility Service Interruption
  • Workers’ Compensation including experience rated plans, up-front discount &/or back-end dividend plans and retrospective rating plans

Wholesalers

The Signature B&B Companies (TSBBC) has a wealth of experience that enables us to provide comprehensive insurance coverage at a highly competitive price. Coverage components typically include:

  • Property including stock, furniture, fixtures and equipment, and computer hardware and software
  • Business Income and Extra Expense
  • General and Products Liability
  • Crime
  • Utility Service Interruption
  • Workers’ Compensation
  • Commercial Auto
  • Umbrella/Excess Liability

Insuring Importers & Exporters

Whether you are an importer or exporter, TSBBC has the knowledge and experience to design the most competitively priced programs. The insurers with whom we deal are among those with the highest financial ratings and know the importing and exporting business.

One of the more significant exposures to loss occurs during shipments either by air or ocean freight to or from an overseas market. While shippers frequently offer coverage, we emphasize the point that our client should insure these shipments through us. There are good reasons for taking this approach:

Control – By controlling the insurance arrangement, you can determine the extent of the coverage in terms of when the coverage begins, whether freight and duty are to be included as well as the value to be insured (Cost plus a percentage added for loss of profit). If anything happens to your goods, you can deal with someone you know rather than relying on a foreign agent or carrier.

Cost – By controlling the insurance placement, we can negotiate rates on your behalf, reflecting your own loss experience and needs. You will not have to concern yourself with middlemen, overseas parties or other shippers’ poor loss experience artificially inflating your rates.

If you currently have an arrangement where your insurance is procured overseas, we will be happy to discuss with you how this may be changed so that you can achieve control as well as a cost savings. Should you insure your shipments domestically, our experienced staff will be happy to review your current insurance program to determine if it is tailored to your specific needs.

In addition, we can provide the following:

  • Credit Insurance
  • Warehouse Coverage
  • Domestic Transit
  • Products Liability
  • Freight Forwarder’s Liability
  • Political Risk Insurance
  • Non-Vessel Operating Common Carrier (NVOCC) Protection

Insurance for the Food Industry

TSBBC offers “customerized” solutions for all segments of the food industry. We understand the business of food manufacturers, processors and distributors as well as those on the retail side including restaurants, supermarkets and gourmet food establishments. Our in-depth understanding of the industry allows us to design and implement comprehensive insurance programs offering the broadest coverages at the most competitive pricing.

Some of the exposures unique to the industry include:

  • Comprehensive Boiler & Machinery Coverage, including Equipment Breakdown, Change in Temperature or Humidity, Loss of Refrigeration and Expenses Incurred to limit the loss and speed business restoration
  • Products Liability
  • Products Recall
  • Vendors as additional insureds
  • Contingent Business Income – Dependent Properties (e.g. suppliers) and Recipient Properties (customers)
  • Ocean Cargo
  • Domestic Transit

THE SIGNATURE B&B COMPANIES

501 Franklin Avenue, Suite 218
Garden City, NY 11530

Phone:
(516) 764 - 1100
(516) 872 - 2300

Fax:
(516) 764 - 1019

THE SIGNATURE B&B COMPANIES

555 Taxter Road, Suite 125
Elmsford, NY 10523

Phone:
(914) 948 - 2628 

Fax:
(914) 948 - 2843