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:
With Stage 4 Coronavirus restrictions having been imposed in the Melbourne metropolitan area for several weeks, there has been an impact to the way businesses are legally allowed to operate for the duration of this period.
Unfortunately these restrictions have had an unprecedented impact on the progression of insurance claims, whereby builders and other repair and maintenance companies are only legally permitted to carry out a very limited scope of works.
Devastating bushfires plagued much of Eastern Australia last summer, before a deluge of rain arrived, causing severe flooding and widespread damage to an unprecedented number of properties - including residential strata.
In the aftermath of a flood, many depend on their insurance to help recoup losses. Sadly, stressful situations are often made worse when people discover their Strata Insurance policy does not cover damage as a result of flood.