Retail insurance, is insurance specifically designed to help protect retail businesses, safeguarding them against various risks and liabilities that retailers may face, including things such as:
These are some examples, but the type of retail insurance package you may need will depend on the size of and nature of your business.
Why should you choose Marsh to arrange your insurance solutions?
Public liability cover and professional indemnity cover are considered the two most important types of business insurance.
Public liability insurance can protect your business against a third-party negligence claim following an injury or property damage.
Professional indemnity insurance can protect you if a third party claims that an error in the advice or service you provided caused them injury, property damage or financial loss.
Interested parties include other companies or people who have a vested interest in your business’s risks being appropriately managed.
These include:
Financiers
Commercial landlords
Principal contractors.
They may request a copy of your certificate of currency with their name noted as an interested party. You can contact Marsh to add them at any time.
As your insurance broker, Marsh will act as your advocate in the event of a claim.
Our team will negotiate with insurers, coordinate and manage all aspects of the claim process, and strive to get you the best possible outcome.
When your business renews or obtains a new insurance policy, you’re required to update your activities. This allows the insurer to apply the correct premium based on the risk.
If you do not accurately disclose this information, your insurer may decline cover in the event of a claim.
To ensure your information is up to date, or to ask a question, reach out to one of our specialist Marsh brokers.
Cyber attacks on Australian businesses happen once every ten minutes*.
The main targets? Small-to-medium enterprises. The main reason? A lack of cybersecurity.
Over 60% of smaller businesses** will not survive a cyberattack. It can cripple IT systems, websites, customer data and payment systems in seconds.
We highly recommend cybersecurity insurance for the safety and longevity of your online retail business.
A storm, cyber attack or machinery breakdown can grind your business to a halt. Arrange business interruption cover to keep things moving.
Looking for specialist expertise? Our brokers will tailor business cover for you – no matter your industry.
Cyber attacks are becoming increasingly common. Help protect your small business with cyber insurance solutions arranged by Marsh.
Help protect your business against claims of misleading advice, breach of duty and negligence with professional indemnity cover.
Help protect your business against third-party accidents and costly legal fees. Let us arrange the right cover for your needs.
On-the-job injuries can hurt – and not just the injured worker. Help protect yourself against costly claims with cover arranged by Marsh.
Arranging cover options for more than 700 allied health modalities, we’re here to support the vitality of your health service.
We can arrange insurance products and services that may suit the travel industry, including professional indemnity and income protection.
Jewellers need to be precise and comprehensive. So does their insurance. Let us arrange comprehensive cover – tailored to you.
LCPA 23/144
Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“Marsh”) arranges the general insurance (i.e. not the Discretionary Trust Arrangement) and is not the insurer. This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). Any advice or dealing in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) (“JLT”). JGS and JLT are businesses of Marsh McLennan. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.
* Cybercrime reported every 10 mins - Government News
** An update on cybercrimes on Australian small and medium businesses - Australian Retailers Association
