Marsh Canada’s Manufacturing Practice provides risk management solutions based on in-depth knowledge of the risk exposures facing corporations in Canada—and around the world.

As a manufacturing client of Marsh Canada, you are drawing from the full breadth of Marsh & McLennan Companies’ expertise and service solutions. Marsh has built its business model around practices dedicated to industry specialization. Marsh Canada’s Manufacturing Practice focuses on industry-specific needs allowing us to provide customized client solutions.

Your key business issues may include:

• Business Continuity/Crisis Management
• Cost of Risk Transfer
• Employee Injury/Workers Compensation Costs
• Environmental Liability
• Executive Risk
• Just-In-Time (JIT) Errors and Omissions
• Patent Infringement
• Product Recall
• Supply Chain Management
• Third Party Strikes
• Trade Credit
• Workforce Planning

And a host of other emerging issues given the rapidly changing global business environment.

Here are a few examples of how your Marsh Canada advisor can keep your business ahead of the risk curve.

Business Continuity Planning (BCP)

Business continuity is critical today as manufacturers need to guard against events that could tarnish their brand/reputation, and determine how they will protect themselves during a crisis. Corporate governance, and concerns stemming from risks such as SARS, pandemic outbreaks, power grid failures, and natural hazard catastrophes, have brought BCP awareness to the Board level where the question is not “Do we have a plan?”, but rather, “Will our plan ensure our corporate survival?” Marsh’s certified BCP specialists take a holistic approach to reducing risk, while intertwining business continuity planning, emergency response and crisis management, to develop solutions that effectively meet the needs of our manufacturing clients.

Employee Injury/Workers Compensation Costs

In a manufacturing environment, managing disability-related costs and getting employees back to work can have dramatic effects on labour costs, staffing, and customer service. Marsh Canada’s Integrated Disability Management program combines the management of workers compensation and short- and long-term disability claims, in an integrated approach to managing the disability, medical treatment, and return-to-work goals.

Trade Credit

Accounts Receivables (Trade Credit) are one of a manufacturer’s largest and most vulnerable assets. It is usually the second most liquid asset after cash and represents a significant investment in working capital. Marsh has deep experience working with its manufacturing clients to secure trade credit insurance. This solution protects the client against non-payment of receivables by their customers due to insolvency, creditors’ protection arrangement, or protracted default (late payment). In the case of export sales, insurance can also protect against non-payment due to certain political events beyond your customer’s control.