When it comes to insurance for a retail business, there are several coverages—like liability and property coverage— that immediately come to mind. For a retailer, these coverages make sense, but once you look deeper, there are other risks that retailers face and additional coverages that should be considered.
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Reducing shrinkage in your business can seem like an insurmountable task, because it involves all areas of your operations. Most retail shrinkage is caused by external theft (37%), employee theft (28.5%), and process or control failures (25.7%)