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

2. April 2016ISSUE 03Advantage Risk Solutions Ltd is authorised and regulated by the
Financial Conduct Authority (FCA). Firm reference number 629688.
www.advantageuk.net
Want to know more? Let’s talk:
t. 01256 483969
e. hello@advantageuk.net
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.
Safety first
We worked with a reputable insurer to arrange cover to
include not just fire and perils, but also for accidental
damage. Whilst contents and stock were included in the
original policy, shop fittings were not, so cover was
extended to include Tenants Improvements. We also
found that business interruption cover only accounted for
increased costs following a loss. This includes costs like
temporary relocation, or hiring temporary staff. It’s good
to have in place, but not realistic for a retailer, who can’t
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
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.
Who are Advantage?
Advantage Risk Solutions Ltd is a specialist insurance
broker and risk advisor to private individuals, not for
profit organisations and businesses across a wide range
of disciplines and industry sectors.
We like to think that our approach is refreshingly
different. Quality advice and exceptional service are
always our top priority. It’s the way that we think
creatively and how we bring this advice to you that
stands us far from the crowd.
RELAX, WE SPEAK
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