At Finch we understand how quickly technology, legislation and supply chains can change. Our Manufacturing and Engineering insurance specialists provide the stability and protection you need to meet the challenges ahead.
Specialist protection for Manufacturers and Engineers
Your needs / Our solutions
Our experience, your protection
Our Manufacturing & Engineering team works with businesses across the sector from construction to electronics, consumer goods to plastic extrusion.
We take the time to really get to know you so we understand the key risks you face. As well as your people, premises and vehicles, we’ll help manage your operation-specific risks, from supply chain exposures to environmental and contractual liabilities.
We have lots of experience of helping our clients who trade internationally. We are able to simplify some of the complex legislative regimes that operate overseas, giving you a locally compliant global insurance programme that takes into account local law, insurance regulations, Employee Benefit requirements and culture.
We’re also members of the Worldwide Broker Network which means we can provide local, on the ground help, advice and support to your staff in overseas locations which our clients really value in the event of a claim.
A company you can trust
We offer 3 simple promises:
● We take the time to understand your business, the risks you face and the importance you place on each
● We deliver outstanding levels of service and technical excellence and our advice is always clear and transparent
● If you make a claim, our experienced in-house claims team will support you through the process, ensuring a fair and timely settlement.
Proactive claims support
Our experienced in-house claims team will work with you to proactively manage any claims to a successful conclusion, providing the support you need, when you need it.
This unique, targeted approach is used by our claims and risk management specialists who analyse claims data, identify underlying trends and recommend improvements to systems and procedures. In our experience this approach can reduce claims costs by up to 50% and have a positive impact on renewal premiums.
We also offer:
● 24/7 reporting of motor claims
● Provision of out of hours contacts
● Major loss assistance
● Management of self-insured retentions
● Provision of management information
We can help you to understand and place cover for the following classes of insurance which are particularly relevant for businesses operating in the Manufacturing & Engineering sector.
Having a product recalled can be devastating to your finances and reputation. That risk can be minimised by product recall insurance which provides cover for the costs associated with recalling a potentially dangerous product that has been tampered with, is faulty or has been contaminated.
The policies we arrange can also include cover for replacement of recalled products, lost profits and PR and brand recovery expenses. So your business will be able to react and recover as quickly as possible.
Product liability insurance is vital for any organisation that manufactures, supplies or distributes products. The cover is designed to pay defence costs and damages as a result of injury or property damage caused by the products supplied.
Typically an insurance policy will exclude losses that are assumed under contract i.e. are wider than is usually the case under UK law. However, it is possible to extend cover for specific circumstances. We have the in-house expertise to review your contracts and negotiate the cover your need with your insurers.
How would your business be affected by a major loss at a supplier? Or a supplier’s supplier? Understanding your exposures is complicated and managing them can be very difficult, especially if any of your suppliers are overseas. Finch will arrange insurance cover to take account of your specific circumstances.
Whether you are attacked by a hacker or disgruntled employee or lose important data because of an error in your systems, cyber losses are increasing at an alarming rate. Cover can be tailored to protect both your own losses and those of third parties – for example additional costs incurred by your customers.
Cover is provided for losses caused by theft from whatever cause including employee theft, fraud, securities fraud, cheque forgery or thefts by fraudulent means using technology.
Insurance aimed at protecting you in the event of a pollution incident, whether it is a single, sudden event or one that happens over a prolonged period. Policies usually provide for clean-up and restoration costs plus any liability to third parties.