More than ever before, it's important to have an insurance and risk solution that accounts for the wide variety of risks inherent in the manufacturing industry.
The Australian manufacturing sector has had its challenges in recent times due to a variety of pressures. Fiscal tightening, an appreciating Australian Dollar, and cheaper offshore labour have all affected the industry's ability to compete on a global scale, placing strain on demand for goods overseas.
With a smaller margin for error, it is more important than ever to ensure you have an insurance and risk solution that accounts for the wide variety of risks inherent in the manufacturing industry.
Whitbread will work in partnership with you to truly understand the inner workings of your business, fixed assets, property, systems and equipment to identify your inherent risks, and formulate an insurance program that addresses these.
As a manufacturer there are a number of risk exposures outlined below, which, if not managed, can prove extremely costly:
By managing your risk, we seek to empower you with the confidence to innovate and diversify, enabling you to further grow your business and strengthen your presence in the market.
Areas of specialisation:
While both changes are important to note, the change in the Act that will affect your premium, and be of greatest concern come July 1, will be the broadened ‘property type’ definition.
A tarnished reputation has the potential to reduce the number of individuals that trust, and are willing to donate to a NFP. Given the heavy reliance most NFPs have on donor contributions, as well as the fierce competition in attracting donor dollars, a cyber breach, coupled with possible legal action...