Retail/Wholesale/Food & Beverage


The Retail/Wholesale/Food & Beverage Practice helps clients to be more successful by sharing best practices, providing valuable benchmarking information, and proposing solutions that help them to reduce their total cost of risk. Our U.S. client base encompasses all industry sectors, including groceries, department stores, discount stores and warehouses, specialty stores, on-line and catalog distributors, durable goods distributors, and nondurable goods distributors.

Retail/Wholesale

Retailing is one of the world's largest industries. As retailing and wholesaling have become more global, competition has intensified. In addition to the global economic downturn, today's retailers face a wide range of challenges, including industry consolidation, employee attraction and retention, and business continuity. And as always, consumers are demanding ever-higher quality — at ever-lower prices — for the products they buy.

For a retail business, these trends create a host of risks: strategic, financial, operational, and hazard — that can prove costly.

Marsh's Retail/Wholesale Practice specializes in addressing the risk and insurance needs of retailers and wholesalers. Our approach includes a thorough assessment of client risks and solutions tailored to meet clients' specific needs.

Solutions for retailer and wholesaler risks include:

  • Economic Downturn Task Force — Difficult economic conditions and reductions in consumer spending have severely impacted the retail industry.  Marsh's Economic Downturn Task Force brings together a suite of solutions that can help companies manage the challenges of operating in a recessionary business environment.
  • Crisis Management Consulting — A crisis, whether at a store, a distribution center, or company headquarters, can lead to serious injuries, disruption of the flow of goods, and consequent loss of business. Marsh's Risk Consulting Practice examines business processes to identify areas critical to a retailer's survival.
  • Information and Network Security — The Internet and electronic networks provide retail businesses with greater speed, efficiency, and worldwide access to potential markets and customers. But it also brings new legal uncertainties and complex risks. Marsh offers comprehensive consulting and risk transfer services that enable companies to manage their e-business, information, and network exposures.
  • Merger, Acquisition, and Divestiture Consulting — Mergers and acquisitions are common in the retail industry. Marsh can quickly and efficiently recommend ways to minimize the risks associated with these complex transactions.
  • Workplace Violence Prevention — Retail businesses are especially vulnerable to violence in the workplace. Marsh’s Risk Consulting Practice can help design strategies that reduce the number of violent incidents and lessen the impact of those that do occur.
  • Workers' Compensation and Integrated Disability Management — Whether an employee is injured on or off the job, costs are incurred due to lost productivity. In the retail industry, workers' compensation costs are often second only to payroll expenses. Reducing employee accidents, managing disability-related costs, and helping injured employees return to work as soon as possible can dramatically reduce a retailer's labor costs, while increasing staff productivity and customer service quality. Marsh's proprietary benchmarking tool, Dimensions, and the services of the Marsh Risk Consulting Practice can help retailers achieve these goals.
  • Claims Consulting — For most retailers, employee and customer claims constitute the largest share of total cost of risk. Marsh claims consultants have partnered with many retailers to manage these claims more cost-effectively.
  • Property Risk Management — Retailers often operate stores in locations that are vulnerable to natural hazards. Substantial values, especially at distribution centers and multiple operating locations create potential for under-insuring risk. Marsh's property and natural hazards risk consulting, and property valuation services can help retailers evaluate and mitigate their exposure.  When a loss occurs, Marsh's Forensic Accounting and Claims Services (FACS) Practice can assist with claims accounting and preparation services.
  • Marine Stock Throughput — Marsh can help a retail business achieve better coverage — with lower deductibles — to insure stock against damage from windstorms, floods, and earthquakes.
  • Supply Chain Management and Foreign Sourcing — Retailers are always looking for ways to source and move goods to points of sale with more efficiency. Globalization and regulatory requirements have increased the complexity of managing supply chains. Marsh's Retail/Wholesale Practice with our Transportation Practice and Supply Chain Risk Consulting Practice provide a team approach to help retailers better manage these risks.
  • Construction Wrap-Ups — Because many retail organizations engage in extensive property development, they face construction risks during the development process and long after project completion. Many retail organizations secure project-specific insurance policies including builders' "all risk," design firm professional liability, environmental liability, and/or a controlled insurance program (CIP), encompassing workers' compensation and general liability. In addition to providing dedicated coverage, these policies can benefit retail entities by removing barriers to teamwork and supporting risk management among project participants.

    Regardless of which party ultimately provides each coverage, it is in the project owner's best interest to understand the options available for managing and insuring construction risk in the retail industry.
Marsh Risk Management Research
Addressing the Risk of an Active Shooter in Retail and Restaurant Settings
June 05, 2014  |  Views: 2201 |  Comments: 0 
Addressing the Risk of an Active Shooter in Retail and Restaurant Settings
Preparation and training, including emergency response plans and tabletop exercises, can help protect customers and employees in the event of workplace violence.  >>
Data Security and Information Privacy Risks in the Retail Industry
April 07, 2014  |  Views: 4139 |  Comments: 1 
Data Security and Information Privacy Risks in the Retail Industry
Retailers are among the industries most affected by cyber breaches — but there are steps to take to mitigate the risk.  >>

Additional Thought Leadership
West Coast Port Disruptions: Insurance and Risk Management Implications
November 20, 2014  |  Views: 1920 |  Comments: 0 
West Coast Port Disruptions: Insurance and Risk Management Implications
For the second time in three holiday shopping seasons, a strike threatens to disrupt manufacturing, importing/exporting, and supply chains.  >>
Navigating Complex Food-Safety Regulations
November 17, 2014  |  Views: 1484 |  Comments: 0 
Navigating Complex Food-Safety Regulations
Companies must mitigate potential civil compensation liabilities and other financial, reputational, and business exposures arising from food safety problems.   >>
Ebola: Managing the Risks for Retail Companies
November 06, 2014  |  Views: 2388 |  Comments: 0 
Ebola: Managing the Risks for Retail Companies
Steps to take to help protect employees and customers.  >>
Protecting Employees, Customers, and Bottom Lines During the Holiday Shopping Season
November 06, 2014  |  Views: 3037 |  Comments: 0 
Protecting Employees, Customers, and Bottom Lines During the Holiday Shopping Season
Measures include antipating cyber risks, ensuring compliane with wage and hour laws, and crowd management.  >>
Marijuana Legalization: Insurance and Risk Management Perspectives for Employers
September 30, 2014  |  Views: 8286 |  Comments: 0 
Marijuana Legalization: Insurance and Risk Management Perspectives for Employers
Legalization of marijuana results in host of evolving insurance and legal consequences.   >>
Ammonia Refrigeration and the OSHA Process Safety Standard
August 28, 2014  |  Views: 9482 |  Comments: 0 
Ammonia Refrigeration and the OSHA Process Safety Standard
Anhydrous ammonia is classified as a toxic gas and can cause fire when mixed with air, be extremely corrosive, displace oxygen, and leak, endangering the general public.  >>
Webcast: Restaurant Loss Cost Benchmarking
August 13, 2014  |  Views: 10413 |  Comments: 0 
Webcast: Restaurant Loss Cost Benchmarking
Our panel of experts will discuss how they will combine loss data from restaurant peers to produce a comprehensive annual report that can help you to identify trends within the ind...  >>
Webcast: How Retailers and Restaurants Can Manage Cyber Risk
July 09, 2014  |  Views: 10649 |  Comments: 0 
Webcast: How Retailers and Restaurants Can Manage Cyber Risk
Our panel of experts covered insurance and other strategies to mitigate cyber risk.  >>
Webcast: Workplace Violence — Are You Prepared?
June 04, 2014  |  Views: 11807 |  Comments: 0 
Webcast: Workplace Violence — Are You Prepared?
Mitigate the damage to your company’s operations, revenues, and reputation.  >>
International Expansion Poses Wide Range of Risks for Food and Beverage Companies
May 20, 2014  |  Views: 10503 |  Comments: 0 
International Expansion Poses Wide Range of Risks for Food and Beverage Companies
Regulations that vary by country, supply chain disruptions, political upheaval, and employee safety are among the exposures.  >>
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Promotional Risk Management: Customized Insurance Solutions
Views: 27654 |  Comments: 0  | Article Rating
Promotional Risk Management: Customized Insurance Solutions
Marsh provides unparalleled expertise and experience in promotional risk management to help clients manage the risks associated with marketing promotions.  >>
Business Continuity Management
Views: 26899 |  Comments: 0  | Article Rating
Business Continuity Management
A sound business recovery plan is crucial to help prevent a minor disruption from turning into a catastrophe.   >>
CS STARS
Views: 34565 |  Comments: 0  | Article Rating
CS STARS
CS STARS LLC supports comprehensive risk management, enterprise risk management and compliance and safety management.   >>
Driver Risk Management Advanced Technology Solution
Views: 25321 |  Comments: 0  | Article Rating
Driver Risk Management Advanced Technology Solution
The DriveCam solution enables continuous driver monitoring and exception-based video capture to identify patterns of risky driving behavior.   >>
Group Captives
Views: 39975 |  Comments: 1 
Group Captives
A group captive offers an alternative insurance structure for companies in several industries.  >>
Marine Cargo: Retail and Wholesale
Views: 24551 |  Comments: 0 
Marine Cargo: Retail and Wholesale
Marsh's Marine Practice in collaboration with the Retail/Wholesale Practice provides retail cargo expertise for the risk exposures that retail companies may face.  >>
Marine Cargo: Retail Stock-Throughput
Views: 26256 |  Comments: 0  | Article Rating
Marine Cargo: Retail Stock-Throughput
Stock-throughput protection provides “all risk” coverage for goods and/or merchandise on a “cradle to grave” basis.  >>
Marsh and GreenRoad—Helping Clients Find The Opportunity In Managing Fleet Risk
Views: 25472 |  Comments: 0  | Article Rating
Marsh and GreenRoad—Helping Clients Find The Opportunity In Managing Fleet Risk
Marsh and GreenRoad address the challenges and solutions for helping their clients manage their fleet risk.  >>
Product Recall
Views: 27444 |  Comments: 0  | Article Rating
Product Recall
MRC’s Product Risk Practice provides solutions across the entire product lifecycle.  >>
Protecting Valuable Products—Stock Throughput Policy
Views: 25042 |  Comments: 0  | Article Rating
Protecting Valuable Products—Stock Throughput Policy
A stock-throughput policy is designed to provide coverage for products in transit and in storage and eliminate potential gaps in coverage.  >>
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February 19, 2014  |  Views: 7779
Risk & Insurance Magazine® Honors 58 Marsh Colleagues with Power Broker® Awards
Representing 21 categories, 46 Marsh professionals were recognized as 2014 Power Broker® winners, including two colleagues receiving the Responsibility Leader® designation, and 12 ...  >>
February 07, 2014  |  Views: 8938
Favorable US Insurance Market Conditions Expected in 2014: Marsh
The ample capacity and competition that helped temper firming of US commercial insurance rates in 2013 is expected to continue into 2014, barring higher than expected catastrophe l...  >>
January 30, 2013  |  Views: 10077
Further Firming Expected in US Commercial Insurance Market in 2013: Marsh
US commercial insurance rates are expected to continue firming in many lines of business and industry sectors in 2013 as above average losses, subdued investment returns, and reced...  >>
January 30, 2012  |  Views: 15895
Commercial Insurance Market Transitioning For Retail, Wholesale, Food, and Beverage Companies in 2012: Marsh
Insurance market conditions for U.S. retail, wholesale, food, and beverage companies will continue to deteriorate in 2012.  >>
April 27, 2011  |  Views: 9374
First-Quarter Insurance Rate Increases Confined to Loss-Affected Exposures: Marsh
Global Insurance Markets Under Pressure as Atlantic Hurricane Season Approaches Despite record level first-quarter catastrophe losses, insurance rate increases were confined to lo...  >>

Contacts
Mac Nadel
U.S. Retail/Wholesale Practice Leader
Norwalk CT United States
203 229 6674
mac.d.nadel@marsh.com