GETTING READY FOR THE FESTIVE SEASON
GETTING READY FOR THE FESTIVE SEASON
It is that time of the year when every business is positioning to maximise on the festive season sales and end the year on a high note. Right now retail businesses are stocking up and recruiting more staff to handle the year end pressure, but have you considered for a moment what could go wrong in all this frenzy. Perhaps it is time to also look at your insurance requirements and check if all the boxes are ticked
Increased stock levels means the business has a higher risk exposure on stock theft by either employees or outsiders, increased volumes of traffic and people also increases the risk of incurring third party liabilities. The increased business activity means employees work longer hours in order to manage workload and meet deadlines thus employees can easily be worn-out and fatigued which leads to less attention span and likelihood of injuries at work.
In view of all this, a prudent administrator of a business would do a quick check on the adequacy of their Liabilities Insurance cover, Employees Personal Accident Cover, Adequacy of the Stock cover against Fire, theft or pilferage and any other risks that may affect the business. It is also time to interrogate the systems of check and balances since there is increased workforce and check if the Fidelity Guarantee insurance cover has been renewed at the correct levels.
At Capitol Insurance Brokers, we help you look at all these risks in context, why not give us a call on 0242-300323 or email capitol@capitol.co.zw and we can look at your specific requirements.