Making things easier for manufacturing businesses

The manufacturing sector encompasses a vast range of businesses, all with different risk profiles, demanding bespoke insurance solutions.

Supply chain dependencies and product recall risks possibly sum up the new challenges for manufacturing businesses. Supply chain management from an insurance perspective is a narrow and potentially difficult area. Insurers’ will often volunteer cover for suppliers’ risks, whilst failing to make it clear that they are only offering limited peril protection with caps on any claim, usually under the Business Interruption heading where you need it most.

Technological advances are creating fresh opportunities in the manufacturing sector, with new and more complex risks continually arising. Changes in market dynamics mean that product recall risk is heightened by advances in electronic systems; cyber and liability risks are on the rise as the virtual now controls the physical, with technology increasingly controlling manufacturing processes.

Depending upon the nature of the processes involved, your day to day business will face many challenges. These may include costs associated with the breakdown of custom made machinery, the fluctuation in currencies for imports and exports, health and safety of your workforce and the public as well as the more usual risks of theft, fire and flood.

A particular risk often excluded from cover, is failure of your products to fulfil their intended purpose. Hamilton Leigh will ensure that your insurance programme is fit for purpose and that important covers such as efficacy are included.

“Don’t let unforeseen risks affect your ability to trade”

Your Business, Our Focus

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Lee Cohen
Jill Hamilton