Manufacturers are undermining their ability to grow by neglecting risk management while insurance for the sector remains unfit for purpose, according to research from insurance governance firm Mactavish.
Inadequate risk governance on the part of manufacturers, increasing insurance claim disputes and the failure of brokers and insurers to provide fit-for-purpose protection to their clients are highlighted in the Mactavish report. These problems are seen as ‘blind spots’ which could cause individual companies to fail. Mactavish claims that one or two high profile cases…
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