Australia has a multi-billion dollar retail industry and it is seen as the benchmark of our economy.
The retail sector covers a hugely diverse range of categories with varying stock values, seasonal increases in stock and employees, methods of import and transit, and customer traffic. Therefore the common “one size fits all” approach to retail risks may not provide the appropriate cover for your needs.
In our experience, a common exposure for retail risks is inadequate or incorrectly calculated business interruption cover. It is common industry knowledge that 70% of businesses that suffer a major loss, such as fire, do not survive. Adequate business interruption protection will maintain cash flow, assist in the additional expenses associated with relocating if necessary, help you to maintain your customer base, plus allow you to meet ongoing commitments.
We understand your priorities and will work with you to take care of your insurance needs efficiently and cost-effectively, so you can focus on growing your business.