Advantage Talk Case Study - Retail Company

1. EXPERT ADVICE. WAY ABOVE THE ORDINARY. Client Stories - Protection Helping retailers to protect against the unpredictable Little things mean a lot Simple but robust changes to a programme can make all the difference. Retailers can be hit particularly hard by Client: accidents; crime and extreme weather as their premises Multi-site clothing and gift retailer (in rented premises) is at the heart of everything they do, and crucial to Insurance arrangements: Commercial Combined policy covering head office and revenue. We were introduced to our retailer client through their finance brokers, and they asked us to all the retail units, material damage, stock, business review their current arrangements. Carrying out a interruption and liabilities thorough analysis allowed us to see where the gaps Computers were, and how we could widen cover to ensure they Motor Fleet were protected at all levels. Management Liability Advantage Risk Solutions Ltd is authorised and regulated by the Financial Conduct Authority (FCA). Firm reference number 629688. www.advantageuk.net ISSUE 03 April 2016

2. Safety first Who are Advantage? We worked with a reputable insurer to arrange cover to Advantage Risk Solutions Ltd is a specialist insurance include not just fire and perils, but also for accidental broker and risk advisor to private individuals, not for damage. Whilst contents and stock were included in the profit organisations and businesses across a wide range original policy, shop fittings were not, so cover was of disciplines and industry sectors. extended to include Tenants Improvements. We also We like to think that our approach is refreshingly found that business interruption cover only accounted for different. Quality advice and exceptional service are increased costs following a loss. This includes costs like always our top priority. It’s the way that we think temporary relocation, or hiring temporary staff. It’s good creatively and how we bring this advice to you that to have in place, but not realistic for a retailer, who can’t stands us far from the crowd. have staff work elsewhere to keep the business running and money coming in. We made sure we arranged wider cover to include increased costs and the loss of income Want to know more? Let’s talk - 01256 483969 in the event of any shop closure. Standing up to the test The small addition to the premium was worth the peace of mind for the level of cover – and it proved crucial as only three months later a malfunction in a roller shutter caused damage in several areas, meaning the shop had to close for two days. Due to the cover they had in place, the claim was successfully settled and they were quickly back to business as usual. Any views or opinions expressed in this briefing are for guidance only and are not intended as a substitute for appropriate professional guidance. We have taken all reasonable steps to ensure the information contained herein is accurate at the time of writing but it should not be regarded as a complete or authoritative statement of law. Advantage Risk Solutions Ltd is authorised and regulated by the Financial Conduct Authority (FCA). Firm reference number 629688. www.advantageuk.net ISSUE 03 April 2016