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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

3 Steps to Reduce the Frequency and Severity of Liability Claims

Slips, trips, and falls are a common cause of liability claims affecting organizations. These occurrences can range from minor incidents to major claims that can involve multi-million dollar lawsuits. It’s unlikely to completely avoid these types of potential accidents, but it is possible to take precautions that will help in reducing the frequency and severity in case of an event. 

Topics: risk management slips trips and falls Claims Management Retail Claims Management EHS injury claim injury claims Environmental Health and Safety health and safety environmental risk management

Slips, Trips and Falls: 3 Steps to Reduce Claims Costs in Retail

 

Retail Slips, Trips and Falls:

I’m sure if you are in any way, shape, or form, involved in managing risk within the retail industry, the mention of slips, trips, and falls sends shivers down your spine.  It has long been accepted that slips, trips, and falls represents some of the most frequent, and costly, claims within the retail sector, and it is easy to understand why.  With hundreds, thousands, or millions of customers walking through your doors every year, how can you possibly prevent everyone from falling on your property?  The law of large numbers suggests that a certain percentage must fall while on your premises.

Topics: retail risk management slips trips and falls

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