Retail insurance and risk support for Irish businesses, from department stores to online fashion labels. We shape your cover around what your business needs.
— PRODUCTS AND SERVICES
Retail Practice Group
Your retail business needs a risk and insurance strategy built around how it really works.
Retail never stands still. Whether you run a department store, an online fashion label, a high-street jewellery shop or a supermarket, you deal with digital, environmental and customer pressures. Your insurance strategy has to understand how your business works, and then deliver for it. As [TO CONFIRM: world's largest independent insurance broker claim] and a broker that stands with you, we build a tailored insurance strategy to help your retail business grow, including in the Irish market.
What sets us apart as a leading retail insurance broker
Listening comes first. We work with you to learn where your exposures sit, then use detailed analytics to measure your risk and set your profile against that of your competitors. That shows which cover you need and which you can do without. If you have a claim, our dedicated claims team works alongside you to help you reach a strong result. We care about getting this right, and we are committed to a personal service that fits your needs now and as they change.
What we do
01
Property protection
Fire, flood, storms and other damage can hit a retail business hard. Your tailored cover can include unplanned business interruption that forces you to close. We run detailed risk reviews, business impact work and gap analysis to help you spot key risks.
02
Liability protection
We compare your risk profile with other retailers and benchmark your limits, so you buy the level of cover you need, no more and no less. Bespoke policy wording then helps make sure you are properly covered.
03
Cyber protection
Your retail business needs a cyber strategy it can rely on. We take your risk profile to major insurers with care, and we refresh our proprietary policies each year so your cover keeps pace. IT security support is available when you want it.
04
Directors' and officers' liability protection
Retail is complex, and decisions made by management can be challenged. From environmental risks to newer exposures, we work to make sure your directors and officers have protection for the risks they answer for.
05
Cargo and logistics protection
Your goods need to arrive safely. Our dependable, cost-effective retail insurance approach helps protect you when things go wrong, and helps you manage premiums on stock that sits in storage, so you can trade with confidence.
06
Environmental liability protection
Environmental challenges are growing, and the risks they bring can be wide and complicated. We study your risk to help protect your retail business against the unexpected.
07
Brand and reputational protection
The world moves fast and brings new challenges. We connect you with consultants who use real-time AI to flag problems that may be coming, and to limit the damage if they arrive. Your reputation is your brand, and your retail insurance should protect it.
08
Intellectual property
Our team offers solutions for intellectual property risks across sales, services and M&A, including IP portfolio deals such as brand purchases and licensing. We also offer litigation funding and insurance to help pursue rights infringements.
09
Special contingency and terrorism protection
We have strong links with major insurers in political violence. Our bespoke retail insurance strategies help protect you and your people against kidnap, extortion and terrorism, wherever your business operates.
Why Lockton?
Join the family
You get one team on your side from start to finish, with people who know your name and go the extra mile.
Hand-held claims
For claims, we bring in our most senior retail professionals. Our close relationships with insurers help us negotiate firmly and quickly, which can lead to better results. We advise on the cover you need and the cover you can skip, so you are ready for worst-case scenarios. If you do need to claim, our claims team stays with you throughout.
This includes claims data analytics, accident investigation, data breach response, claims defensibility training, Safety, Health, Environment and Quality (SHEQ) good practice, and Complex and Large Loss Consultancy.
Risk ready
Our Risk Control team brings tried and tested expertise. They get to know your retail business inside out and work to meet its needs. Services include Property Loss Control, Health and Safety, and Enterprise Risk, including Business Continuity Planning.
Change note: accordion titles kept as on the UK page. Body copy reworded in full. "Retail-experts" and "specialists" replaced with "retail professionals" and "team". "Genuine relationships" and "best practice" reworded to avoid unsupported claims. Status: Reworded (body), Kept as UK (titles). See [TO CONFIRM] 5.
