Insurance & Risk Management for Manufacturers
Lockton’s manufacturing experts have designed custom programs for scores of diverse product manufacturers such as steel, paperboard boxes, skincare treatments, boats and agricultural equipment, among others. Intricate knowledge of fixed assets, property, systems, equipment and raw materials for manufacturing are considered as we analyze their impact on the unique insurance and risk management needs of manufacturing firms.
Our depth of understanding for your manufacturing business and our specific market expertise allows us to help you plan for and avoid potential losses and liabilities. In addition, our manufacturing loss control experts and claims consultants will guide you through the complex landscape of mitigating risk throughout your company’s operations.
Importance of Manufacturing Insurance & Risk Management
Safety and risk management in manufacturing has a real business impact when executive leadership is committed to taking advantage of the most effective approaches and technologies.
Lockton’s manufacturing risk management process considers all aspects of safety through an organization and its facilities. Your customized risk assessment identifies potential hazards and which safety mechanisms and risk management strategies will provide your manufacturing business with adequate protections. It provides a foundation for risk reduction, which may involve the following steps:
- Identifying “best practices” for manufacturing worker safety including procedures, training, supervision and accountability.
- Implementing safety measures with specific roles and responsibilities for all individuals in the organization
- Instituting balanced allocations or a “charge back” system for the costs of incidents.
- Reducing manufacturing risks through safe design concepts.
- Validating the performance of your safety system design
- Communicating safety goals and processes effectively to drive change.
Lockton manufacturing clients value our ability to help them establish a positive safety climate with credibility, accountability, commitment, and passion. Lockton helps manufacturers make risk management and safety a core value, gaining buy-in throughout the organization.
Service starts with listening. We take the time to understand your specific goals, design a program that fits your needs, aggressively negotiate coverage, and implement a service plan. You will have the same dedicated service team throughout the entire process which allows us to anticipate your needs and create accountability.
It’s all about you. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
Long-term thinking. Clients stay with us based on our expertise, creative solutions, seamless global resources and outstanding service. Our client retention rate of 95 percent reiterates our commitment to each and every client.