The future of manufacturing. What does it mean for you?
Manufacturing leaders that are actively looking for growth are investing time and resources to develop business models that look out to the next 5-10 years.
New international trade rules, changing attitudes to climate, and Industry 4.0 are the new era and manufacturers are gearing up for change.
So what does this mean for you?
The pace of change is rapid; traditional manufacturers are becoming service providers, and smart facilities pave the way for greener production, better productivity, and stronger margins. As your business evolves your risk profile and potential exposure changes.
New bespoke equipment may take longer to replace; would your programme and indemnity period cover lost revenue until you are fully operational again?
The intelligent factory is here, the Internet of Things (IoT) is being adopted, and driven by rapid technological development, you are having to work smarter and operate more efficiently.
Offsite construction makes a build more efficient, offering transformative improvements across the asset in time, cost, health and safety, and quality.
But all these great innovations can backfire if something goes wrong and there are gaps in your insurance.
A health check is the quickest way to review your insurance programme and align polices with your plans for the future. Ours offers you a report and RAG (Red, Amber, Green) status that helps you focus attention where it’s needed.