Insurance agents have seen how the coronavirus has made a negative impact in various industries. Even a strong market like the beauty industry has experienced a massive hit. Thankfully it’s poised to handle the current situation compared to other consumer industries.
McKinsey & Company, a management consulting company, reports “While the beauty industry may be in a relatively stronger position than other consumer categories, 2020 will be one of the worst years it has ever endured. We believe, however, that the industry will remain attractive in the long run.”
Regardless of what the beauty industry experiences, the risks are still present. You are well aware of that. Manufa
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Coronavirus case counts are increasing. No one wants to catch or spread this virus to others. Medical professionals treating the virus want to be properly protected. Personal protection equipment items, such as masks, hand sanitizers, booties, gowns, and face shields are needed now more than ever.
While other industries are at an all-time low, the personal protection equipment industry is currently experiencing a boost. Manufacturers, distributors, and importers are working tirelessly to get these items out to the public. Since they are focused on production or distribution, you can reach out to these key players and show your value. You understand the risks. All you need is an insurance program that can keep up.
Learn how Veracity’s Pe
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The popularity of supplements is on the rise and it makes sense why your clients want to jump into this fast-growing market. Whether your client is a nutraceutical manufacturer, importer, distributor, or wholesaler, each of them have unique exposures related to their businesses. Your clients can do their very best to ensure their product goes through the proper checks, but there may be some checks that may fall through the cracks. On top of the exposures, you are well aware that your clients also run the risk of third-party injuries and lawsuits. Every business owner needs insurance protection and that’s where you come in with nutraceutical insurance.
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As an agent, your clients own a variety of consumer-based businesses. Each business model will vary in how the supply chain runs. No two models have the same distribution, installation, and manufacturing making each risk unique.
Regardless of these differences, you know how to assess the risk and exposures facing each business. Of course, getting this done quickly is key. This is where Veracity’s product liability insurance program comes in. With your knowledge and our 48hr turnaround times and in-house underwriting, you get your clients covered faster.
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From apartment buildings to residential neighborhoods, your home building clients have a lot of construction projects to handle and face unique business exposures on a daily basis. Veracity Insurance understands these exposures and has access to markets that empower you to place complicated accounts quickly. Our brokers understand the homebuilding industry and you can benefit from Veracity’s unique Homebuilders Insurance Program. Veracity Insurance is a national E&S wholesale brokerage firm that provides exclusive programs with in-house underwriting and binding authority with A rated carriers. Let’s walk you through our program and show you how we can be the insurance solution that helps you bind accounts faster.
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