Individual insurance solutions for trading companiesCorporate insurance concepts for the industry
Trading has gone through a long development. It is probably the oldest industry; Stone Age villages were exchanging their products. As development progressed, trade became more cross-border and more global. In ancient times, the first high-point was reached in the international trade with colonies.
In this day and age, the areas of competence in trading are becoming increasingly intermingled: Retailers sell products on the Internet, mail order companies expand branch networks, wholesalers sell directly to end customers – the multi-channel approach has a major influence here. As a result, the requirements imposed on process organization and the need for safeguards are increasing.
The challenges on the market
Due to the competitive situation, today’s trading companies are forced to position themselves on the market through service quality and the readiness to provide service. Focusing on absolute customer satisfaction, companies are always developing new and creative supplemental services. Thus they generate additional turnover possibilities, and in some cases they also generate undreamt-of liability potential.
Consequently, a precise inventory of the existing risk situation is essential as a basis for appropriate insurance cover.