The British Retail Consortium (BRC), the leading trade organization for UK retailers, and Willis Limited, the UK arm of Willis Group Holdings, jointly announced the formation of a “strategic alliance that offers a range of bespoke insurance services to BRC retail members.
“As part of the exclusive arrangement with the BRC, all BRC retail members will receive a complimentary review of their current insurance coverage and a detailed report on the extent of the cover required and how Willis can help reduce their insurance costs.”
Willis said coverage areas assessed in each customized report include the following:
— Property, Business Interruption
— Liability (Employers’, Public/Product)
— Brand Protection
— Goods in Transit / Marine covers
— Motor Fleet
— Fraud / Crime
— Directors’ & Officers’ / Pension Trustees Liability
— Cyber Liability
— Employee Benefits
Willis also pointed out that its Retail Practice sector has a great deal of experience in providing services to major UK retailers and understands their needs.
Brendan McManus, CEO of Willis UK & Ireland, also cited his company’s expertise, adding that, “Willis is taking the initiative in developing strategies to help retail businesses positively differentiate themselves in terms of proactive risk management and robust claims defensibility.”
Source: Willis Group Holdings – www.willis.com