Industries · Retail
Private reinsurance for retail.
Retail margins leave little room for underinsured shocks: a supply-chain break before peak season, a recall, a reputational event that empties the store, trade-credit losses. The Latitude Plan turns those quiet exposures into real policies issued by a licensed carrier and reinsured to a reinsurance company you own. Net of claims, the premium can build as reserves you control.
The risk profile
Underinsured and uninsured risks we see in this vertical
- Business interruption
- Contingent business interruption
- Supply-chain interruption
- Crime & employee dishonesty
- Cyber risk
- Employment practices liability
- General liability (difference in conditions)
- Inventory & cargo loss
- Legal expense reimbursement
- Loss of a key supplier
- Mechanical breakdown business interruption
- Product recall
- Reputational risk
- Trade credit & bad debt
- Wage & hour disputes
Policies are priced by the carrier against an independent licensed actuary’s formal assessment of your underinsured and uninsured risks. Treat this list as a starting point.
The brief
Premiums are recommended by an independent actuary and set by the carrier (roughly 10% of topline revenue is the benchmark across the portfolio), and generally expensed like any other insurance cost on your P&L; confirm treatment with your tax advisor.
Net of claims, roughly 85 cents of every premium dollar could accumulate inside your own reinsurance company after the flat 15% ceding fee, rather than funding a commercial carrier's overhead.
Book a Call
One hour to find out what retail premiums could be building for you.
A one-hour presentation of The Latitude Plan, then your questions. Your CPA or attorney is welcome on the line.