The issues facing the retail industry in the 21st century include: business interruption exposures, such as a loss at a key supplier’s facility; cyber risk exposures, such as theft of clients’ personal information; environmental exposures, such as mold, asbestos and lead; premises liability including slip and falls or bed bug infestations. The availability and pricing of coverage for all of these risk factors can contribute to escalating total costs of risk at a time when the vacillating economic climate can mean reduced or erratic revenues for many retail clients.
The ability to manage the exposures the retail industry faces and to provide crisis management in the event of a loss is critical. Loss incidents have the potential to damage an organizations’ reputation or brand, resulting in financial loss.
Your Willis Retail experts can help you understand and deal with all of these issues, taking an aggressive and comprehensive approach to controlling both your risks and your risk management costs.
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