RCC partners with Zensurance
The Retail Council of Canada has announced a partnership with Zensurance, a provider of insurance-specific concierge services to small businesses and startups, through which the two companies will help retailers to manage their insurance requirements. Under the new agreement, Zensurance will offer RCC members bespoke insurance packages tailored to their specific risk profiles; it is hoped that the initiative will help businesses struggling to effectively protect themselves against risks such as cyber crime, which costs Canadian business around CA$3 billion annually, according to the Canadian Chamber of Commerce. Much of the problem is due to a lack of understanding of insurance, with a recent survey conducted by Ovum and FICO finding that 80 per cent of businesses say insurers need to better educate firms about risk pricing around cyber security. A big part of Zensurance’s brand is offering this crucial education.
“Traditionally, you would chat with a broker who probably doesn’t specialise in your retail business or understand your business’ specific risks,” said Danish Yusuf, CEO and co-Founder of Zensurance. “With Zensurance, business owners benefit from a user-friendly process that presents perfectly tailored insurance packages, so we’re excited to offer our solution to RCC members.”