The US manufacturing industry is under assault from low-cost competitors based overseas. The impact has devastated this keystone industry and significantly eroded its financial standing, all but eliminating any margin for error. At the same time, the US legal environment has continued to deteriorate, with plaintiff attorneys exploring new avenues of litigation on a continuous basis. Given these challenges, it is imperative that manufacturers strengthen their overall risk management programs to squeeze out hidden insurance costs, while at the same time, ensuring that uncovered or unknown claims do not rise up and deliver a financial knock-out-blow.
At GHBH, our manufacturing industry practice is staffed by a team of experienced individuals, a team that includes former insurance carrier underwriting and surety executives as well as a former Managing Trial Attorney. We specialize in providing risk management strategies and cost mitigation solutions that relate specifically to the exposures inherent to this industry.
Our assessment strategy begins as we develop a thorough understanding of your operations and your needs. We focus on the true cost-of-insurance drivers that are specific to you. Together we will create a personalized Risk/Cost Mitigation program geared at reducing insurance costs while also limiting loss potential.
GHBH has created a unique set of risk management initiatives that are a direct result of our years of underwriting, legal and brokerage experience.
They include, but are not limited to, the following solutions:
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