The Value of Insight is our way of enabling you to help your £5 million - £300 million Wholesale customers to safeguard their businesses through a better understanding of their true risk profiles.
Building on our leadership in Corporate insurance and experience in the Wholesale sector, we are giving you more of the critical tools that you need to deliver real value to business owners and directors facing increasingly complex and specific risk issues.
Corporate focus already offers new insurance and risk advice propositions to the Manufacturing and Technology & Communications industries.
Now we are launching another brand new industry proposition for Wholesalers introducing industry specific covers and extensions which address existing and emerging risks faced by Wholesalers. It also gives us the opportunity to bring our Marine Cargo and Engineering expertise to this sector.
This launch also introduces two new value added service suppliers:
- Waltons & Morse who specialise in marine legal advice.
- OHES specialising in environmental clean up services and incident management.
By also offering added value services like these and insight in industry knowledge,
insurance and risk, we’ll be boosting your expertise in a way that gives your
customers a compelling reason for managing risk via you and nobody else.
Expert Insight to pass onto your customers »
Zurich Corporate Services »
Key risks
We have identified key risks effecting Wholesalers and provided solutions to address these risks:
Particularly prevalent in Warehouses which are open plan, our Risk Engineering team provide solutions to identify and manage fire inception to limit outbreaks and share best practise.
Movement of goods in a warehouse pose a risk to staff and visitors to a Wholesalers our Risk Engineering team help to mitigate these risks and provide advice on a range of risks such as manual handling, night working, fork lift truck fuel storage and on site accidents.
Through flood and weather damage - Risk Engineering can also help reduce these by understanding these risks and putting preventative measures in place.
If automated systems breakdown a Wholesalers face distribution and loss of revenue, our Engineering Machinery Breakdown cover and Business Interruption cover help wholesalers get back up and running as quickly as possible.
Updates in legislation on environmental clean up and pressure to reduce pollution pose a threat to Wholesalers our third party suppliers such as Burcotes and OHES provide can advise on these threats and if the worst should happen can advise on clean up and recovery.
Risks such as the Icelandic volcano or bad weather pose great risks to supply chains, our supply chain experts can assess the chain to identify risks and advice on recovery.
An incident which effects the brand can cause damage to a companies brand and shareholder confidence.
Providing our customers with financial assistance if a product needs to be recalled we are providing first party product recall extension.
Download the Wholesale brochure here.
What are we helping you deliver?
The Value of Insight works in three ways – each designed to provide complete, tailored and focused solutions to risk sensitive customers.
Industry Insight
We’re providing you with a deeper level of insight by producing regular Risk Insights covering the top causes of loss based on Zurich claims insight and frequency.
Top Causes of Wholesale Loss:
Property
- Weather and Flood Damage.
- Theft and Malicious Damage.
- Fire, Explosion or Arson.
- Escape of Water.
- Electrical Surge, Electrical Fire.
- Losses from Hot Work – welding, torch cutting & grinding.
- Employee Liability
- Injured by tools or machinery.
- Employees struck during loading/unloading.
- Slips, trips and falls.
- Manual handling.
- Falls from ladder.
- Inadequate Safety Management Systems.
- Noise Exposure.
- Repetitive motion.
- Burns.
- Chemical exposure. more »
Insurance Insight
- We have therefore enhanced Wholesale proposition for your customers with £100,000 First Party Product Recall cover as standard.
- Other new relevant covers include Brand Protection and Essential Person. These are also available to existing customers at renewal.
- Sprinkler Upgrade to LPC standards, we will pay additional costs to upgrade an existing sprinkler installation to conform with LPC rules.
- Other trade specific extensions such as Property Stored, Accumulated Stocks, Public Utilities, Prevention of Access, Unspecified Suppliers/Customers, Fines and Damages and Environmental Clean Up Costs are standard. more »
Risk Insight
Access to complementary services enabling you to offer your customers a total view of risk including:
- Legal Services, Loss Adjusters and Claims Managers, Environmental Services and Machinery Valuers
- Publication of sector insight documents on a regular basis utilising expertise in underwriting, claims, risk management and our external value added suppliers
- Access to risk expertise in Risk Management, Supply Chains, Product Recall and Multinational Insurance
- Designated Claims Handlers. more »
