Retailing is one of the world’s largest industries. Retailers range in size from the “big box” giants that have developed over the past two decades down to the “mom and pop” main street retailer that is still prevalent throughout America.
Size and complexity of retailers present a range of exposure challenges that include:
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Consolidation
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Employee attraction and retention
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Business continuity
For a retail business, these trends present a host of risks:
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Strategic
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Financial
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Operational
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Hazard
At HM we have assembled a “group” that specializes in the unique risks that challenge retailers and present complicated loss scenarios to business owners, property owners and human resource managers that are engaged in the retail business.
In addition, the group has worked with retailers as they endeavor to create programs that help retailers:
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Cut insurance costs
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Enhance employee benefits programs to reach more employees, cost effectively
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Develop workplace violence prevention programs
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Manage loss sensitive program exposures