UK manufacturers are heavily under-insured for their risk exposure

Posted on 25 Aug 2012 by The Manufacturer

A new report shows that a flawed legal framework for insurance and brokering practices in the UK mean that manufacturers cannot rely on their insurance to help them through tough times. Jane Gray reports.

“I am quite convinced we have a long tail of supply chain exposures and that most are currently unknown. I genuinely don’t think we have done any analysis at all to quantify.” So said the group risk manager of a large UK polymers manufacturing company to Mactavish, a risk analysis and research firm which recently…

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