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:
From July 1, 2017, some residential Strata Insurance policies will experience significant total premium changes as a result of amendments to the Terrorism Insurance Act 2003 (Cth). The changes apply Australia wide, and relate to the introduction of a Terrorism Levy.
With over 40 food and beverage products recalled so far this year (as of 5th October 2017), the impact of a product recall can cause severe damage to a manufacturer’s reputation and bottom line.
Unfortunately the frequency Strata Managers are faced with these issues is growing, and none are a problem that can be brushed aside. Strata Managers may either be held liable or joined in legal action if they have failed, or been alleged to have failed to disclose true information in relation...