manufactoring risk exposures

Visegrad countries and the Balkans: what managers must know before a request of damages knocks at their door

Reading time: 14 minutes

A fatal accident at work, a large shipment not reaching its destination because of an unreliable carrier, an high amount invoice going unpaid because of a customer’s bankruptcy, a devastating flood or fire. These are just some of the risks that, if not properly anticipated and mitigated with appropriate prevention measures, could expose company directors to large claims for compensation and damages, often to be paid out of their own … Read more

Defective product: what managers and business owners have to know to avoid International legal disputes with customers and suppliers

Reading time: 9 minutes

Product liability insurance is absolutely essential when we sell a product abroad or when we import dangerous items into our country: in the event of a manufacturing defect, it protects the company’s turnover from expensive claims. In addition to damage to property and persons, we risk incurring expensive recall costs, especially when we have exported our product to countries where regulations to protect the health and safety of consumers may … Read more

Winter has approached: companies at risk?

Reading time: 3 minutes

The cold season has approached: we are fine with winter inspection of our car. And what about our company? Are we sure that it is enough protected against the bad weather coming? Christmas holidays are on the way and joking with the cold is forbidden: the 2006 tragedy in Poland -not so far from Katowice, which killed dozens of people- teaches us that nature treats everyone without doing any difference. … Read more

Business abroad: how to reduce risks in 5 points.

Reading time: 3 minutes

Do we want to sleep soundly? Opening the gates of our firm to experienced consultants is an excellent strategy: what ever it happens, insurers and risk managers never leave us alone. A case really happened. In 2010 in Australia an industrial bakery was entirely destroyed by a huge fire. The insurance company refused to pay multi-million $ compensation: why? The walls’ premises had been constructed using a large quantity of highly flammable … Read more

Does insurance pay always in case of fire?

Reading time: 3 minutes

End of the year is approaching and, as usual, here it is a first summary of those many questions that our clients put us during the inspection of their firms. Companies are becoming more and more aware of the risks they face during their business activities, especially if we are abroad and the texts of the insurances are written in local language. Once again, we found considerable confusion about the difference … Read more