The chemical industry is disposed to an array of chemical risk challenges: environmental liabilities, employee health and safety, natural and manmade incidents, and a volatile supply chain. Marsh’s advantage is in its expertise, born out of its unique position as the only insurance brokerage practice dedicated to chemical firms and global network.
This renders possible the execution of assessments and incident management: risk management of potential disruptions and offers protection to the company’s bottom line.
With European regulation in the form of REACH (registration, evaluation, authorization, and restriction of chemicals) and the critical eye of stakeholders including pressure groups, the need to manage risk effectively and ensure comprehensive coverage is integral to the business strategy of chemical companies across the sector. As the margin for error diminishes, issues such as reputation management and business continuity planning are becoming even more critical.
Our global team, which includes risk engineers, forensic accountants, and claims consultants, boasts vast experience and understanding of the industry, its players, best practices, and benchmarks. Understanding environmental, safety and public health risks and offering solutions are extremely important components fundamental to our expertise. Our analytics tools can benchmark and quantify your risk exposures, enabling you to structure insurance programs in the most economically efficient manner, while also meeting the risk tolerance goals of your organization.
Marsh as an insurance broker can help your company identify and manage the frequency, severity, and impact of claims and losses.