Why does a manufacturer need a risk management program?

Manufacturer’s often work with heavy or customized equipment, specialized labor and have to navigate the logistics of shipping and receiving.  Because of these risks (took out comma) it is important to have the proper risk management program in place.  A good risk management program can not only provide relief (Not relieve) if a loss occurs, but through proper procedures, can help mitigate and prevent a loss from occurring in the first place. 

Important aspects of a manufacturer’s risk management program

• Products Completed

• Products Recall

• Manufacturer’s Errors and Omissions

• Business Auto and Fleet Safety

• Personal Property of Others In Transit

• Disaster Recovery

There are a lot of very important details when composing a risk management program for a manufacturer that can often be overlooked.  It is vital to have an agent that takes the time to understand your specific business and exposures, assists in developing a solid risk management plan, and has the key relationships with the insurance companies that can provide the proper coverages.

Get started today!

Our agency will work with you to evaluate your business and develop the appropriate program based on the size of your company, the number of employees, and the product you make.  Call us today at (518) 464-0059 to get started with a review of your business and exposures.