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Pinpointing the Risks Your Distribution Company Faces

When you act as a distributor, you play an integral part in the supply chain. Without your help, goods would not be able to get from one point to another. Of course, all businesses face risks. Understanding the more common risks in distribution business operations can help you minimize loss and keep your operations running.

Common Issues

One of the biggest problems you’re likely to run into is centered around electricity. A power failure, whether due to faulty wiring or a sudden storm, can be a serious issue for distributors. If you transport perishables like produce or dairy, then something as simple as a blown fuse can lead to a situation where thousands of dollars of merchandise have gone bad.

Areas of Loss

The research found on the Hilb Group website indicates there are additional areas to pay attention to when it comes to the risks in distribution business operations. Some of these troubles include:

Accidents experienced by distribution drivers on the road
Theft, both internal and external
Extreme weather patterns

Since you play a vital part in getting goods transported from a point of origin to a destination, you need to focus on how you can minimize loss. Understanding the problems facing your company can be a useful start, but you also need to take action and see success in your future.

Winterizing in the Summer

Summertime is drawing to a close, and even though there is still some good weather left to enjoy, it’s time to think about getting your boat ready for the winter. Start looking over your girl and seeing what you can do to prepare her before wintertime rolls in.

Update Your Insurance Policy

If you only use your boat for a few months out of the year, your watercraft liability can change. You want it to be protected from the elements and from other water vessels, but the plans can vary if there are no people on board. According to Arroyo Insurance Services at https://www.arroyoins.com/services-solutions/business-insurance/aviation-liability-watercraft-liab
ility/, your boat might even qualify for Marine Liability insurance. Contact your insurance agency and discuss options.

Fluids and Oils

You change the oil on your car on a regular schedule, you need to be sure that you do the same in your boat. She’s a much larger engine, but the principles are similar. If you don’t feel comfortable doing this yourself, you can hire a boat repair specialist to take a look for you.

Sparkling Clean

Your vessel has collected a lot of buildup during her time in the water. Give her a good pressure washing and get rid of any barnacles, seaweed or any other nastiness. Make her shine by giving her a waxing.
You can enjoy your boat for a few more weeks, but summertime comes and goes quickly. Prepare your boat for winter while the sun is still in the sky and the weather cooperates!