Fun! Exciting! Creative!
But when it goes wrong, are you safe?

The fashion world is a fast-paced, constantly changing, multi-billion dollar industry. It is logistics heavy, from manufacturing and production to distribution and warehousing to retail and wholesale. While insurance may not captivate excitement like fashion, insurance provides a security blanket should any mishaps occur.

Production and Manufacturing

A lot of effort and intake is put into each design, and the work often starts months before anyone ever sees the finished product. At times, however, there may be unintentional consequences, such as a design that may cause offense. Moreover, with advanced computing and automated procedures, more products can be manufactured and produced faster. However, should there be any malfunctions, the whole ecosystem can collapse, with devastating losses ensuing. This is due to potential delays Moreover, the vast majority of fashion is made from textile. Certain fabrics are more flammable than others and thus pose a big risk for fire, which may damage property or cause an injury. With an added impetus on the responsibility for our planet, it is also imperative to use materials that are green friendly. Future laws are likely to become stricter and there may be financial implications should carbon emissions exceed the expectation. This could also be mitigated with insurance.



In such a huge industry, there’s generally lots of moving parts and fashion is no different. Each product, whether it is apparel, footwear, accessories, or anything else, goes through multiple stages before it reaches the consumer. From the hands of manufacturers to retailers to consumers, transportation is required. And with transportation, the main risk is damaged or lost. When a product is damaged or lost, it can be costly no matter the phase of the product. A consumer ordering a product and getting it in poor condition or not getting it at all can be detrimental to any business.


Retailing and Wholesaling

The most important aspect regarding stocks in fashion is that market demands for different seasons fluctuate dramatically and meticulous planning is needed in order to prevent overstock or understock. For retail, it is important to protect customers. A customer child could swallow a button from a shirt and then decide to take legal action. While insurance in this instance may not provide monetary benefits, it will help with legal defense and medical costs, all limiting damage to reputation. Moreover, retails often hold fashion shows and with the economy in turmoil, uncertainty often looms over the shoulder, and insurance can also help with such events.

For wholesalers, bulk selling is predominantly their business model. These deals are often made in credit. Any delayed payments or cancellations can cause a trickle down effect that can be expensive to repair. With insurance, you can protect yourself from such repercussions, allowing business continuity with a peace of mind


Ecommerce and Social Commerce.

In today’s day and age, businesses, especially in the fashion industry, rely massively on ecommerce and more recently social commerce. It gives convenience as the need to visit physical stores becomes redundant as well as allowing opportunities to penetrate new markets. When orders are coming from a new source, newer risks such as an overload of orders resulting in rushed deliveries or the server being hacked emerges.



At CHAZ, we are trusted by a number of high profile companies in the fashion industry and have an abundance of experience in processing claims and constantly providing rigorous assessments as the risks evolve.

Important Disclosure

Through our vast experience, CHAZ Insurance Brokers Ltd. recognizes and understand that each and every business, organization and industry are unique in their own ways and can have completely different risks. Henceforth, the content provided are solely examples of the risks that may or many not be relevant to your business. To learn more, contact us on the form below.

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