Retail alliance for leading broker

THE UK arm of global insurance broker Willis, which has a major presence in Ipswich, has agreed a strategic alliance to offer a range of bespoke insurance services to members of the British Retail Consortium, the leading trade organisation for UK retailers.

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, together with details of how Willis can help reduce their insurance costs.

Willis already provides its services to many major retailers and also offers a wide variety of added-value services such as checking landlords' premiums, logistics review and business continuity planning.

Brendan McManus, chief executive of Willis UK & Ireland, said: “Willis has been a leading insurance broker and risk management advisor to the retail sector for many years and we are delighted to have been appointed by the British Retail Consortium to promote a retail insurance facility to their membership.

“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.”

Coverage areas assessed in each customised report will include: Property, Business Interruption, Liability (Employers', Public and Product), Brand Protection, Goods in Transit/Marine cover, Motor Fleets, Engineering, Fraud/Crime, Directors' and Officers'/Pension Trustees Liability, Cyber Liability and Employee Benefits.

Tessa Kelly, commercial director at the BRC, said: “Willis' expertise in this field makes them an ideal partner to offer a range of specialist insurance services. With their established credentials within the retail sector, we are confident they can provide bespoke and cost-effective insurance solutions for BRC retail members.”