Retail Insurance

As a retailer, your business is a valuable asset to your community – but you also have complex challenges. You may be vulnerable to changes in the economy, extreme weather events, injuries to staff, product contamination and competition from powerful overseas brands.

What’s more, as more retailers move some or all of their business online and increasingly use in-store technology, you are more likely to be targeted by cyber-criminals.

At GSK, our expert brokers understand the realities of the retail business. We know from experience that the best insurance cover needs to strike the right balance between insured risk and risk retained in the form of excess, and that this balance will vary from business to business. We pay close attention to the details of your business and construct a risk management strategy that will give you peace of mind that you’re protected financially.

Whether you run a small café or a large restaurant; a corner store or a nation-wide chain, you’ll be exposed to risk. Even if you don’t have a physical store, your business is still exposed to risks like cybercrime, fraud or injury to customers from a faulty product.

A range of covers can be arranged to suit retailers in all sectors, including beauty, hairdressing, clothing and footwear, department stores, food and liquor, furniture and electronics, plus many more.

At GSK, we customise your insurance depending on the needs of your business. A retail insurance package from GSK Insurance Brokers can be tailored to include cover for a range of risks, including:

• Property Insurance (building, contents and stock)
• Management Liability
• Public and Product Liability
• Workers’ compensation
• Machinery Breakdown
• Electronic Equipment Breakdown
• Cyber Insurance, including Third Party data breach
• Theft and property damage
• Business interruption

The exclusions that will apply to your retail insurance package will depend on your specific policy and it’s important that you understand the cover limitations. For more information, speak to your GSK broker.

GSK Insurance Brokers lead the industry when it comes to customised insurance packages. We have a dedicated claims team who are committed to making the claims process as easy as possible. We have extensive experience which means we’ll deal directly with the insurer on your behalf, no matter how complex the situation.

To find out more about retail insurance, contact GSK Insurance Brokers today.