Retailers and wholesalers come in all shapes and sizes, offering a wealth of goods and services. Whether your business is on the high street or online, we’ll work with you to ensure you’ve got the right insurance programme to protect you, your business and your people.
Who we support
Product distributers
Large wholesale chain
Product manufacturers
Product distributers
We're specialists...
Through our collective experience, we’ve observed many of the best and worst practices in the insurance advisory market. We’re here to challenge the status quo and aim to establish a new level of service. We’re combining the best traditions of technical advice and client centricity, with modern thinking and smart use of systems and technology to enhance the client experience and create a dynamic workplace for our team.
Challenges in your industry
Owning and operating a retail store can be a fulfilling experience. Years of hard work, risk-taking and financial investments can turn dreams of opening a store into a reality. However, many business owners fail to realise how many exposures they must address to keep their business operating smoothly.
Depending on the specific type of store you manage, there are a number of exposures to consider, including risks related to property and merchandise damage, general and product liability, crime and business continuity. The list below provides an overview of these retail industry risks and more—helping you identify potential areas for improvement in your risk management and insurance programmes.
How we support
We don’t take a one-size-fits-all approach. We undertake a comprehensive review of your business to fully understand your operating processes and the risks you face. With that information, we create a bespoke insurance programme that includes preventative measures to minimise risk.
Your business performs
As part of our retail & wholesale business insurance service, we’ll look at the option of insuring your stock on a throughput basis, where cover is in place from ‘warehouse point of origin’ to ‘final destination’, ensuring there are no grey areas as to where a claim occurred.
Our Ecosystem
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Why do you need insurance for your retail & wholesale business?
We don’t take a one-size-fits-all approach. We undertake a comprehensive review of your business to fully understand your operating processes and the risks you face. With that information, we create a bespoke insurance programme that includes preventative measures to minimise risk.
We’ll talk you through business interruption exposures where your priority, if you suffer a major loss, is to get your business back up and running. We’ll assist in calculating your annual gross profit and explore options to increase your indemnity period, depending on the circumstances. We also appreciate how important it is to maintain excellent customer relationships and protect your brand reputation, which is why we offer media management coverage too.
As part of our retail & wholesale business insurance service, we’ll look at the option of insuring your stock on a throughput basis, where cover is in place from ‘warehouse point of origin’ to ‘final destination’, ensuring there are no grey areas as to where a claim occurred.
