Manufacturing is constantly changing. We have the solutions and foresight to help you keep up. Gallagher's manufacturing insurance, risk management and consulting professionals in Canada are at the forefront of developing risk management, insurance and employee benefits solutions that meet the evolving and dynamic needs of the industry. And, our manufacturing team in Canada delivers locally, with the support of Gallagher's global team and extensive resources.
Expertise across a wide range of manufacturing
The manufacturing industry comprises a diverse set of businesses throughout the supply chain. From cyber liability and workers' compensation to business interruption insurance coverages, we're experienced in addressing the risk management, insurance and consulting needs throughout the manufacturing sector. We work with manufacturers of all sizes, from new ventures to large multinational manufacturers with complex risks. Our clients include but are not limited to the following:
- Building materials
- Chemical manufacturing
- Consumer goods
- Manufacturing start ups
- Metal processing, casting, forging, finishing and fabrication
- Multinational manufacturers
- Original equipment manufacturers
- Pulp, paper and packaging materials
Manufacturing-focused risk analysis teams and resources
Our dedicated team of manufacturing risk management professionals allows us to deliver specialized tools and solutions designed to solve the unique risk challenges for the manufacturing industry. Our focus is key to the quality and success of the solutions and guidance we provide to our manufacturing clients. These proprietary tools include:
- Gallagher CORE360®, our unique, comprehensive approach to evaluating your risk management program that leverages analytical tools and diverse resources for customized, maximum impact on six cost drivers of your total cost of risk.
- Gallagher Drive, our proprietary data and analytics platform that empowers our teams and clients to:
- Compare program structures against industry peers
- Gain an understanding of losses and forecast future liabilities
- Optimize current insurance programs and reduce cost leakage
- Find the most efficient use of capital to minimize costs
Our manufacturing team in Canada is adept at identifying the specific risks associated with the manufacturing industry. We work to understand your business through risk audits and deliver expert risk analysis for each unique situation to close coverage gaps through indemnification clauses and finding better coverages.
As a global broker, we have broad and direct market access and relationships across the globe, including the U.S., London and Bermuda markets, among others. In addition, our strong relationships with manufacturing insurance partners result in our ability to deliver better terms, conditions and pricing for our manufacturing clients.
Our manufacturing team taps into our deep expertise in key insurance products that are critical to the manufacturing industry — e.g., cyber risk, errors & omissions, property, management liability, and product recall — to find the best coverages and programs for you. Our manufacturing teams also include risk control and claims advocacy professionals from our National Risk Control teams, who are focused on assisting clients in reducing the frequency and severity of claims.
Insurance solutions designed for the specific needs of manufacturers
Our experts have experience using alternative risk financing and captives as a critical solution to the manufacturing industry.
We routinely assist our manufacturing clients with opportunities to improve contractual risk transfer. From the development of insurance requirements to our proprietary certificate of insurance tracking and compliance services (Gallagher Verify), we are well positioned to assist our manufacturing clients in addressing contractual risk transfer.
Our dedicated product recall team stands ready to assist our manufacturing clients in understanding product recall exposures and risk management strategies to address exposures — preparation, contractual risk transfer, insurance solutions and post-loss response.
More than guidance, we provide confidence
As expert manufacturer risk managers and insurance brokers, we help you answer the most critical questions facing your organization. For example, what insurance should a manufacturer have? What are the main types of business insurance manufacturers need? What insurance covers manufacturing defects? Through our thorough understanding of all aspects of manufacturing as well as our global network of experts, we can answer these questions and deliver truly comprehensive risk management.
The Gallagher Difference
The Challenge
A mid-sized industrial machinery manufacturer does not have limited indemnity in its supply contract.
Our Action
We analyzed their contract and determined the potential exposure for the client. We were able to put specific policies in place to address these coverage gaps.
The Result
Our client had a claim while loading a finished product. The delivery of the equipment was delayed by more than three months. The contract had a specific delivery date requirement, and as a result, their customer filed a suit. The errors and omissions (E&O) policy we put in place covered the claim for $1.3 million.
