Insurance
Cigarette Tax Bond Program
AWMA’s Cigarette Tax Bond Program allows wholesalers to post bonds to purchase state and local excise tax stamps for cigarettes on credit. Without this credit, distributors would have to pay cash for the tax stamps before receiving payment from customers, presenting serious cash flow problems. Today, the tax bond program provides more than $150 million in bonds to nearly 100 distributors. The program is funded through the generous support of Lorillard Tobacco Co and Liggett Vector Brands.
AWMA Insurance Program
An Insurance Program Tailored Specifically for Convenience Distributors. It’s been tough for convenience distributors to find affordable property and liability insurance coverage in recent years. Despite their solid track record, distributors haven’t gotten the sort of rates and coverage they deserve. In an effort to do something about it, we’ve started the AWMA Insurance Program, available in all 50 states through William R. Seide Agency LLC. To obtain more information or a quote, contact the following person.
