Wholesale and branch trade: solutions for companies of all sizes
Regardless of whether they are a small family-run company, a branch, an established retailer or an international wholesaler, and regardless of their business strategy and commercial success, all companies involved in trade are exposed to certain risks.
Trade is different from the service sector primarily when it comes to warehouse storage and transport. The increasing globalisation and the rapid development of online trade make these factors even more important: traders must provide an ever-growing range of goods as quickly and flexibly as possible. The consequences of this are, on the one hand, growing IT-controlled warehouses and logistics centres, and on the other, an increasingly complex network of import and export routes by sea, land and air. The insurance market responds to these dynamic developments with special cover concepts that are precisely tailored to the needs of companies working in trade. With a combination of industry knowledge and expertise in the international insurance market, Funk can offer trade companies of all sizes individual insurance solutions.
Essential insurance solutions for trade companies
- Public liability: covers the compensation claims of third parties arising from property damage and personal injury which were caused during the business activity
- Buildings and contents insurance: covers damage to buildings as well as goods, stock and commercial equipment, e.g. due to fire, burglary, storms and flooding, and optionally natural hazards
- Marine cargo insurance: covers potential damages during goods transport by the company itself or a third party, e.g. due to accident, theft, robbery, fire or explosion, including carrier’s liability insurance
- Legal protection insurance: covers business-related legal disputes, e.g. compensation claims, contractual disputes, administrative offences, criminal matters etc.
- Business interruption due to property damage
- Credit insurance
- D&O insurance
- Professional liability insurance
- Vehicle insurance
- Employee health and benefits concepts
We analyse the individual risks of your activities and recommend the right modules for an insurance strategy that protects your company – especially from its core risks liability claims and property damage.
Risks
Transportation risks/marine cargo
Freight transport by road, rail, air and sea has always been an essential part of global economic trade. In the course of globalisation, the transport chains become longer and the risks more complex.
Credit risks
Trading firms and manufacturers still often only supply their products to a few main clients. Should one of these clients fail to pay, a company can quickly find itself facing substantial losses.
Liability risks
The potential liability of companies varies depending on the industry or clientele. Nevertheless, all companies have one thing in common: even small mistakes can lead to severe losses.
Services
Funk China
Investing and operating outside of China becomes more and more essential for Chinese companies. The Funk China Division supports its Chinese clients in managing the risks, challenges and chances of worldwide outbound investments.
Insurance + risk management
Funk devises and implements holistic risk and insurance solutions for companies across all industries, sectors and countries. In doing so, our experts do not only secure your individual assets but also create genuine added value for your company.
Employee health + benefits
Employee benefits concepts are a sustainable component of a good corporate policy. Funk provides comprehensive, transparent advice with a view towards the long-term advantages for your company and your employees.
