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Retailers looking to add mPOS to customer service

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Many retailers have said they are employing mobile strategies in an effort to bring in more customers and improve their customer service, with 66 percent saying they are interested in adding mobile point of sale service, according a survey by Motorola Solutions.

Retailers interested in using mPOS want to get rid of cash registers, and begin to use technologies such as magnetic stripe and chip and PIN-based credit, debit, gift, loyalty cards and near field communications payments via mobile phone.

“As retailers battle for shoppers’ hearts and wallets, mPOS serves as a valuable tool that can help turn browsing into buying,” said Michelle Crissey, customer solutions lead for Motorola Solutions. “When the power of mPOS is in the hands of every retail associate, shopping becomes an experience and associates are always in a position to make the sale.”

Forty-two percent of retailers that responded to the survey said they are currently piloting or starting trials with mPOS within the next three years.

While employing mPOS for customer service, businesses should also be armed with cyber liability insurance to protect them in case these mobile services are infiltrated and sensitive customer data is compromised.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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