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Top 10 Retail Risk Management Tips [Updated for 2018]

Today’s risk management landscape for any industry is complex and vast. New regulatory measures come into effect each year, new products hit the market, and new distribution channels are developed. In an industry such as retail, risk managers have the added complexity of risks related to the consumer. This adds yet another dimension to an organization’s risk portfolio, making it difficult to present only ten tips for retailers to mitigate risk. But as any risk manager would prioritize their organization's risks, here is a prioritized list of procedures to try: 

Topics: Retail ERM Claims and Risk Management for Retail Retail Risks risk management retail risk management Retail Risk Retail Claims Management

Retail with Risk: How Does Your Business Compare to Industry Averages?

As a business owner, it is vital to ensure that you are properly covered in case anything goes wrong with your operations. As a retailer, you must be prepared for theft, liability claims, and accidents. But how much insurance do you really need? How much should your average payout be, and how often should these incidents really be occurring? Take a look to see how your business compares to retailer averages.

Topics: Retail Risks slips trips and falls Retail Claims Management product liability theft risk retail industry average retailer costs average retailer losses

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