Wholesale Insurance

What Does Wholesale Insurance Mean?

Wholesale insurance is sold to businesses that wish to provide insurance coverage as a workplace benefit for their employees. Employers can establish a wholesale insurance program, allowing employees to purchase health, life, and/or disability insurance. Depending on the type of coverage, wholesale insurance is typically available to companies with between five and 50 employees.

Insuranceopedia Explains Wholesale Insurance

Insurance companies offer discounts to businesses that provide insurance coverage as a workplace benefit, as they sell multiple policies at once. The best rates are typically reserved for group plans, which are available only to companies with more than 50 employees. While wholesale insurance doesn’t offer the same level of discount, it still allows employees to purchase coverage at a reduced rate. A key advantage of wholesale insurance is that it provides individual policies to each employee, making it easier for them to maintain their coverage if they leave the company.