Risk Management Blog - ClearRisk

Wholesaler Risk: How Does Your Business Compare to the Industry?

Posted by Rebecca Webb on Tue, Nov 21, 2017 @ 15:11 PM

 

As a key stakeholder in your organization, it is important to ensure that your organization is properly covered in case anything goes wrong as you conduct your operations. As a wholesaler, you must be able to adequately protect yourself from property liability, and your inventory from theft and damage. But how much should you be paying for insurance? How much can you expect any claims that do occur to cost, and how often should these incidents be happening? Read more to find out how your wholesaling business compares to industry-wide averages.

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Topics: wholesale risk management, wholesaler claims, theft risk, wholesaler industry average, property damage, wholesaler industry, average wholesaler costs, average wholesaler losses

7 Risks Wholesalers Must Prepare For

Posted by Rebecca Webb on Tue, Sep 26, 2017 @ 15:09 PM

 

Wholesalers, like their retail counterparts, incur many risks while purchasing inventory from manufacturers and selling it to their customers. However, there are some special considerations that a wholesaler must make. If you are in this business, here are some issues you must be aware of and ready for:

 

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Topics: risk management, wholesale risk management, wholesaler claims

Occupier's Liability Risk: Reducing the Likelihood and Impact

Posted by Maegan Marshall on Wed, Feb 15, 2017 @ 11:02 AM

Every business that owns, rents or is otherwise responsible for property, owes a duty of care to every person that enters those premises. The area of law that is concerned with this responsibility is occupier’s liability.

Being found negligent as an occupier can have extensive repercussions on a business. This can include the financial burden of being held responsible for a claims expenses, to the reputational risk and negative publicity associated with an incident occurring on your premises. To limit these occurences, it’s essential for organizations to take necessary precautions that will help mitigate the frequency and severity of future events. 

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Topics: risk management plan, operational risk management software, legal risk, risk management, retail risk management, manufacturing risk management, incident management software, risk management information system, claims management software, wholesale risk management, occupier's liability