The retail sector is perhaps the most visible industry to the typical person on the street – convenience stores, gas stations, the corner liquor and tobacco store or multi-storied shopping centers. However, most general retail stores have one thing in common, and that is a large number of different products that have to be stocked…
For years now, the changing landscape of marketing has affected the growth of retail industries. As more people are shifting to digital, the hope for brick and mortar stores to thrive seems to be dimming down.
A retail think tank Fung Global Retail & Technology revealed in 2017 that about 6700 stores in the US had announced their plans to shut down.
Professional Liability Insurance (PLI), also defined as Professional Indemnity Insurance (PII) and commonly called Errors & Omissions (E&O) in the USA, is an integral part of running and protecting a retail shop against negligence claims.