The manufacturing industry is changing. Are you up to date with the risks?
In 2020 manufacturers were hit hard by the disruptions caused by the pandemic.
But the crisis pushed a new momentum, and manufacturers looking to stay competitive have had to become more agile and flexible, embracing the new developments influencing the industry.
In this new series we are looking at the trends shaping the industry and the impact on risk management for manufacturers.
Remote working, switching to online, and extending services, created new opportunities and business models that are here to stay. And while quick-thinking and responsive manufacturers were the ones to thrive, risk management may have been overlooked.
For example, if the business has re-purposed facilities, launched new products, or changed working patterns then insurance programmes from 12 months ago may no longer provide the right level and type of cover for new business activities.
What about a cyber-attack on your linked systems which shuts your critical infrastructure down?
We have decades of experience in the manufacturing industry and our team of experts will work closely with you to identify any gaps or exposures in your policies.
A full insurance health check is the quickest way to review your insurance programme. Ours is quick, and you will receive a report and RAG status (Red, Amber, Green) that helps you focus attention where it’s needed.
If you prefer to talk to us in person, contact us and we can chat on the phone or arrange a visit.
Check out our handy guide with Aviva.