As November rolls in and the holiday shopping season approaches, businesses are gearing up for one of the most significant retail events of the year: Black Friday. While many companies focus on marketing strategies and inventory management, it’s essential not to overlook the potential risks that can arise, especially in a global marketplace. One tool that can help mitigate these risks is political risk insurance (PRI). For more information on how this type of coverage can potentially help your company, refer to one of our recent blogs - https://lnkd.in/eGcaJnUG
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Policyholders are shopping - a lot! LexisNexis Risk Solutions recommends agents start "proactive and selective monitoring of their renewal books to help identity and retain those loyal policyholders" to counter this behavior. And we agree! When you need to stop customers from shopping, you need to ReFocus.
U.S. Consumers Continue to Switch Insurance at Higher Rates, Forcing Carriers to Continue Focus on Renewal and Retention | LexisNexis Risk Solutions
risk.lexisnexis.com
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Account Executive @ Fraud Sniffr, Inc. | CRM, Customer Engagement, Results-Focused, Claims Nerd
Perceived Deep Pockets... When a corporation's budget, expansion plans, and profits are publicly disclosed, it may give the impression that the company has substantial financial resources. Claimants may view the corporation as an attractive target for fraudulent claims, assuming that the company is more likely to settle claims quickly to avoid negative publicity or legal costs. While we all love to celebrate our partners doing very well, we frequently overlook that there is an increased likelihood and trend of individuals seeking to exploit their success. To mitigate the risk of fraudulent claims, corporations need to take additional measures to strengthen their risk management and legal defense strategies. This could include implementing robust internal controls, conducting thorough investigations of ALL claims using their claims teams and Fraud Sniffr, Inc., and vigorously defending against any fraudulent or exaggerated claims. Additionally, corporations may work closely with legal counsel and insurance providers to develop proactive strategies for mitigating and responding to potentially fraudulent activities. Our team is happy to be that integral piece of the puzzle linking to the final data connections and communication with the full team involved with claim defense. Having free on-demand updates is a big deal, why wait to start using them? Start a search at https://hubs.li/Q02PjHk40 #SIU #ClaimDefense #LiabilityDefense #TruckingDefense #InsuranceDefense #WorkersCompensationDefense #RetailDefense #RestaurantDefense
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There are many potential threats that can affect your retail shopping center properties – from organized retail crime to hurricanes to cyberattacks. Join HUB's Chip Stuart as he moderates this International Council of Shopping Centers (ICSC) webinar. Learn the top considerations for insurance coverage, how to navigate rising premiums, the impacts of natural disasters on coverage and best practices for protecting your operations online. https://ow.ly/5k0150R6Rb5 #RealEstateIndustry #ShoppingCenters #Insurance #ICSC
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There are many potential threats that can affect your retail shopping center properties – from organized retail crime to hurricanes to cyberattacks. Join HUB's Chip Stuart as he moderates this International Council of Shopping Centers (ICSC) webinar. Learn the top considerations for insurance coverage, how to navigate rising premiums, the impacts of natural disasters on coverage and best practices for protecting your operations online. https://ow.ly/e0NS50R6N7s #RealEstateIndustry #ShoppingCenters #Insurance #ICSC
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Senior Vice President, Account Executive | Damage Insurance Broker at HUB International
There are many potential threats that can affect your retail shopping center properties – from organized retail crime to hurricanes to cyberattacks. Join HUB's Chip Stuart as he moderates this International Council of Shopping Centers (ICSC) webinar. Learn the top considerations for insurance coverage, how to navigate rising premiums, the impacts of natural disasters on coverage and best practices for protecting your operations online. https://ow.ly/Nbm550R75GF #RealEstateIndustry #ShoppingCenters #Insurance #ICSC
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There are many potential threats that can affect your retail shopping center properties – from organized retail crime to hurricanes to cyberattacks. Join HUB's Chip Stuart as he moderates this International Council of Shopping Centers (ICSC) webinar. Learn the top considerations for insurance coverage, how to navigate rising premiums, the impacts of natural disasters on coverage and best practices for protecting your operations online. https://ow.ly/kWa150R6z7L #RealEstateIndustry #ShoppingCenters #Insurance #ICSC
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There are many potential threats that can affect your retail shopping center properties – from organized retail crime to hurricanes to cyberattacks. Join HUB's Chip Stuart as he moderates this International Council of Shopping Centers (ICSC) webinar. Learn the top considerations for insurance coverage, how to navigate rising premiums, the impacts of natural disasters on coverage and best practices for protecting your operations online. https://ow.ly/KlBI50RhKn0 #RealEstateIndustry #ShoppingCenters #Insurance #ICSC
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Account Executive @ Fraud Sniffr, Inc. | CRM, Customer Engagement, Results-Focused, Claims Nerd
Perceived Deep Pockets... When a corporation's budget, expansion plans, and profits are publicly disclosed, it may give the impression that the company has substantial financial resources. Claimants may view the corporation as an attractive target for fraudulent claims, assuming that the company is more likely to settle claims quickly to avoid negative publicity or legal costs. While we all love to celebrate our partners doing very well, we frequently overlook that there is an increased likelihood and trend of individuals seeking to exploit their success. To mitigate the risk of fraudulent claims, corporations need to take additional measures to strengthen their risk management and legal defense strategies. This could include implementing robust internal controls, conducting thorough investigations of ALL claims using their claims teams and Fraud Sniffr, Inc., and vigorously defending against any fraudulent or exaggerated claims. Additionally, corporations may work closely with legal counsel and insurance providers to develop proactive strategies for mitigating and responding to potentially fraudulent activities. Our team is happy to be that integral piece of the puzzle linking to the final data connections and communication with the full team involved with claim defense. Having free on-demand updates is a big deal, why wait to start using them? Start a search at https://hubs.li/Q02rFsVD0 #SIU #ClaimDefense #LiabilityDefense #TruckingDefense #InsuranceDefense #WorkersCompensationDefense #RetailDefense #RestaurantDefense
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There are many potential threats that can affect your retail shopping center properties – from organized retail crime to hurricanes to cyberattacks. Join HUB's Chip Stuart as he moderates this International Council of Shopping Centers (ICSC) webinar. Learn the top considerations for insurance coverage, how to navigate rising premiums, the impacts of natural disasters on coverage and best practices for protecting your operations online. https://ow.ly/1lW450R9oU2 #RealEstateIndustry #ShoppingCenters #Insurance #ICSC
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Perceived Deep Pockets... When a corporation's budget, expansion plans, and profits are publicly disclosed, it may give the impression that the company has substantial financial resources. Claimants may view the corporation as an attractive target for fraudulent claims, assuming that the company is more likely to settle claims quickly to avoid negative publicity or legal costs. While we all love to celebrate our partners doing very well, we frequently overlook that there is an increased likelihood and trend of individuals seeking to exploit their success. To mitigate the risk of fraudulent claims, corporations need to take additional measures to strengthen their risk management and legal defense strategies. This could include implementing robust internal controls, conducting thorough investigations of ALL claims using their claims teams and Fraud Sniffr, Inc., and vigorously defending against any fraudulent or exaggerated claims. Additionally, corporations may work closely with legal counsel and insurance providers to develop proactive strategies for mitigating and responding to potentially fraudulent activities. Our team is happy to be that integral piece of the puzzle linking to the final data connections and communication with the full team involved with claim defense. Having free on-demand updates is a big deal, why wait to start using them? Start a search at https://hubs.li/Q02B6lwR0 #SIU #ClaimDefense #LiabilityDefense #TruckingDefense #InsuranceDefense #WorkersCompensationDefense #RetailDefense #RestaurantDefense
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