Retail and Wholesale Industry
You need a partner that can help you mitigate risks across the supply chain and build your workforce with benefits that protect your margins and your people.
Retail Employee Benefits that Keep People Protected and Engaged
Retailers and wholesalers operate in a world of constant change comprised of shifting consumer behavior, workforce challenges and supply chain disruptions. Success depends on keeping employees engaged, protecting margins and safeguarding against risks that can impact operations and reputation.
NFP partners with retail and wholesale organizations to address talent, benefits and compliance hurdles so leaders can focus on serving customers and driving growth. We assist with:
Rx and Transparency Solutions
Reduce healthcare and pharmacy costs while managing compliance risk.
Human Capital Solutions
Workforce planning, compliance with wage and labor laws and scheduling support.
Wellbeing Programs
Tailored benefits for a diverse workforce with irregular hours that addresses stress and safety for your employees.
Executive Benefits
Retention and incentive planning for senior leaders in competitive markets.
Supply Chain Risk Coverage
Business interruption, logistics and product contamination protections.
Protect your retail or wholesale operation with tailored risk management and benefits.
Connect with an NFP specialist today.
Mitigating Risks Across the Supply Chain with Insurance for Wholesale Distributors and Retail
Retailers and wholesalers face evolving risks across supply chain management, cyber exposure, customer liability and property protection. We deliver customized property and casualty insurance solutions that protect physical stores, warehouses, e-commerce platforms, employees and brand reputations.
We bring retail industry-specific expertise to help businesses manage traditional and emerging retail risks with solutions such as:
General Liability and Product Liability
Coverage for bodily injury, property damage and defective products.
Cyber Liability
Protection against breaches impacting customer data, e-commerce platforms and POS systems.
Property and Business Interruption Coverage
Safeguards inventory, storefronts and operational income during disruptions.
Workers' Compensation Programs
Specialized coverage for retail and warehouse employees.
Supply Chain and Contingent Business Interruption Insurance
Protection against delays, shortages and supplier disruptions.
Employment Practices Liability (EPLI)
Coverage for employment-related claims including discrimination, harassment and wrongful termination.
The Problem
An equipment rental company specializing in equipment for industrial, construction and environmental sectors was experiencing rapidly growing sales. The client was previously insured with a smaller regional carrier that couldn’t handle the rapid growth of the company due to limited underwriting capabilities, lack of pricing adjustments and reduction in much-needed coverage.
The NFP Solution
NFP conducted a thorough review of the current coverage, identified gaps and proposed midterm modifications to the policy. The team secured better coverage through our legacy connections, built deeper client awareness, created a customized physical damage waiver and streamlined certificate collection and auditing. The team saved the client approximately $150,000 in reduced premiums.
Our Expertise in Action
See how our experts are implementing solutions for today's risk, workforce, wealth management and retirement challenges.
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We’re here for you, whether you know exactly what you need or just know you need a partner to help advocate for your business, your people or your life.
