INSURANCE FOR BUSINESS | INDUSTRY SECTORS

Retail

From small independent shops to large outlets, if you are in the retail business you will experience challenges that are unique to your industry. From Public Liability issues such as slips and trips, to the risk of a Cyber attack if you trade online, you could be exposed to claims from a number of different scenarios.

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Why choose us?

Tailored solution

Insurance designed for you - comprehensive, affordable and tailored to your individual business needs.

Resource portfolio

Industry specific resources offer relevant guidance to your business on matters like Health, Safety & Compliance.

Claims support

In-house, personal, professional claims support no matter the size of your business.

Selling smoothly

Selling is only the tip of the iceberg – from your suppliers to your website and marketing, there’s a lot to take care of. Normally things run smoothly, but it doesn’t mean mistakes won’t happen, whether they’re yours or someone else’s. Even if an employee or supplier is to blame, you could be held liable. 

From stock damage to supply chain problems, it is vital that insurances you purchase respond as you expect when you need them, enabling you to keep doing what you do best. Selling and looking after your customers.

Selling smoothly

Selling is only the tip of the iceberg – from your suppliers to your website and marketing, there’s a lot to take care of. Normally things run smoothly, but it doesn’t mean mistakes won’t happen, whether they’re yours or someone else’s. Even if an employee or supplier is to blame, you could be held liable. 

From stock damage to supply chain problems, it is vital that insurances you purchase respond as you expect when you need them, enabling you to keep doing what you do best. Selling and looking after your customers.

Insurance for retailers explained

Someone might slip on an item of clothing on your shop floor and injure themselves, or a customer could have an allergic reaction to a wrongly labelled chocolate bar bought on your premises. Even if you’re personally not at fault, you could face a liability claim. If you trade online or you just use computers for managing orders, one malicious cyber attack could seriously disrupt your business.

Dealing with a major incident is emotionally draining and it’s a real headache for your business too, but floods, fires and robberies do happen, even if you’ve taken the right precautions.

The Insurance Solutions available to you.

Employers’ liability

Employers’ liability is an essential part of your insurance program as the vast majority of employers are required by law to purchase such cover. It is designed to protect your business if an employee injures themselves at work or becomes ill due to their job.

Public liability insurance

As a retailer you are likely to be working closely with the general public and suppliers. If a customer injures themselves on your premises this policy will fund legal defence costs and pay any damages awarded.

Product liability insurance

Retailers and distributors are often held accountable by law should a product they sell injure a customer or damage their property. Product liability insurance will cover you for legal costs and compensation from any such claims.

Shop insurance

Retailers such as yourself are best served by specialist shop insurance, this comprehensive cover can provide protection for:

  • The shop building
  • Its contents – including stock and tills
  • The shop front or windows – including cover for vandalism and lettering
  • Impact on trading following damage to your store or other events
  • Legal expenses
  • Personal accidents including assault against your employees or customers
  • Cash in your shop or in transit
  • Personal belongings of your employees and shop customers
  • Goods or stock while in transit to your shop or out for delivery to your customers

 Cyber Liability and Crime

This cover is there to protect your organisation against Cyber Crime. As the retail sector evolves more business in being traded on-line ,meaning that you rely on technology to operate effectively and therefore run the risk of a data breach or a virus. Criminals will look to exploit any organisation with weak cyber security. Cyber insurance cover is available for the ever increasing risks of cyber exposures, ranging from hacking or viruses, cyber crime/fraud through to social engineering and software ransom.

Our Specialisms

  • Fidelity Guarantee Cover
  • Full Crime cover
  • Loss Assessor Service
  • Income Protection

Please feel free to contact us if you wish to discuss in any more detail. We’re here to help

According to the latest Government Cyber Security Breaches Survey almost 46 % of businesses reported having a cyber security breach during 2020. Where businesses have faced breaches with material outcomes, the average cost of these in the past 12 months is estimated to be £3,230.
If you trade online and sell over the internet then can you really afford to ignore these statistics?

More here

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Cheshire, CW11 4RD.
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R.K. Henshall © 2021

R K Henshall & Co Ltd are Independent Intermediaries and are authorised and regulated by the Financial Conduct Authority. Directors: J.R. Henshall B.A.(Hons) ACII Cert CII (FS), A.J.Simpson ACII, T.R.Dredge DIP CII, A.Brown FCCA. Director/Company Secretary R.K. Henshall ACII. Registered No. 1285024

R K Henshall are very proud to support Lupus UK. Lupus UK is a charity very close to our hearts. Unfortunately, Nita Davies who had been a stalwart of our company from it’s very beginning lost her battle against this terrible illness in 2013. Lupus UK is the only National Charity which supports people with the immune system illness. (Registered charity nos. 1051610, SC039682) Click here to read more about Lupus UK.