Manufacturing
The manufacturing industry is known for its diverse range of risks and specific needs. At Marsh McLennan Agency, our manufacturing practice has the knowledge to help navigate these challenges faced by manufacturing businesses across various sectors.
Tailored insurance solutions for manufacturers
Whether you are a small manufacturer or large, Marsh McLennan Agency offers a comprehensive range of expertise and solutions tailored to meet the unique challenges of the manufacturing industry.
Workers’ Compensation
It is important for manufacturing businesses to protect employees in case of work-related injuries or illnesses. Our team can assist you in understanding state specific workers’ compensation requirements and tailor a policy that meets your business needs.
Supply Chain/Business Income
To identify critical dependencies and resources, we provide guidance on how to make informed decisions that mitigate risks and effectively address potential threats to your supply chain.
International Expertise & Network
We deliver cost-effective, multinational solutions tailored to manufacturer’s global operations by leveraging our deep expertise, intimate knowledge of local insurance requirements, and a unified operating structure in partnership with Marsh.
Private Equity
We offer solutions specifically designed for private equity firms and their portfolio companies, including transactional risk insurance, directors and officer liability coverage, and cyber risk management.
Employee Health & Benefits
With our employee benefits expert’s knowledge in the manufacturing industry, we offer customized employee benefits plan tailored for your organization. Our comprehensive solutions include health insurance, retirement plans, and wellness programs to prioritize your employees’ well-being to attract and retain top talent. We have also created our EnrollSMART solution that works with manufacturing organizations to offer assistance with the employee benefit enrollment experience. Compliance with federal rules and regulations for employee health benefits apply to employers of all types and sizes. Our compliance consulting team has the expertise to help manufacturing employers understand the unique aspects of these rules as they relate to what you do.
What sets us apart
From safety to wellness, insurance solutions and beyond—the future of your manufacturing business is limitless with MMA Midwest.
Manufacturing insurance coverages
MMA offers a range of specialized coverages for the manufacturing industry that provides tailored solutions to meet the specific needs of manufacturers.
Product Liability
This coverage provides protection for manufacturers from legal claims due to any damages or injuries caused by defects in your products. Whether it’s a manufacturing error or design flaw, our policies are designed to safeguard you from financial burden.
Stock Throughput
A seamless coverage for goods in transit throughout the world, including at worldwide locations for the purpose of manufacturing, assembly, storage, and distribution.
Mechanical Breakdown
Manufacturers can have a peace of mind knowing that they are protected against unforeseen events such as equipment failures, malfunctions, or breakdowns. Our policy covers the cost of repairs, or replacements, minimizing the financial impact of your manufacturing company.
Product Recall
Significant expenses can be associated with recalling, replaying, or destroying a deficient product. Our global team designs and places insurance programs for organizations catered to these specific needs.
Cyber Liability
In this digital age, the manufacturing industry faces unique challenges when it comes to cybersecurity. Cyber Liability helps protect manufacturers against cyber threats, data breaches, and other liabilities.
Risk Management Services
Our commitment is to provide clients with a proactive risk management that includes a combination of risk assessments, program development, and education services. Common areas of focus may include:
Our team of safety consultants work directly with manufactures to understand their needs and use proven strategies for the most complex risks. Our safety consultants focus their attention on the direct loss drivers that impact each business, as well as OSHA compliance. These loss drivers are often discovered through a comprehensive MRMH360° diagnostic review. From there, our safety advocates work with you and your employees to develop a plan, communicate applicable information through training, and follow-up with an evaluation.
The primary goal of our claims team is to assist manufacturing companies right from the initial stages of a claim. We ensure those claims are managed and resolved to the best financial advantage. Our advocates have multiple years of experience in all coverage lines and jurisdictions related to the manufacturing industry. In addition to claim advocates, the team has on–staff Complex Claims Counsel.
Our Risk Transfer team effectively manages exposure to third party issued insurance by utilizing their expertise, knowledge, and resources in obtaining, analyzing, and monitoring contracts, certificates of insurance and endorsements. Through this program, we provide a clear understanding of the amount and types of risk you are exposed to.
Marsh McLennan Agency can provide a broad range of financial analytics through our Analytics & Data Insights group. Our specific capabilities include, but aren’t limited to collateral reviews, experience modification analyses, loss fund calculations, premium projections, rate comparisons, reserve and retention analyses and retro calculations.
Our Risk Management Center (RMC) allows you to reduce risk and enable employee safety by creating effective risk mitigation programs while accessing expert HR advice. This platform allows you to globally manage your risk programs through a comprehensive library of sample loss control documents, customizable safety and training programs, human resource management tools, and a flexible electronic injury filing structure.
Our goal is to help assist in manufacturing organizations develop, implement, and enhance their business continuity plans and supply chain.
Manage everything from a single platform
Relying on multiple systems and modes of communication to track down important documents and forms can make managing insurance for your manufacturing business a real challenge for you and your team. EXP from MMA Midwest is a single, integrated platform that provides you with seamless, real-time access to everything you need to manage your insurance efficiently and effectively.
See how EXP saves your team time with easy access to insurance certificates, safety, training, resources, and more.
Understanding workers’ compensation non-renewals: The impact of loss development factors
Explore the complexities of workers’ compensation renewal and the impact of loss development factors on your policy. Understand how these factors influence loss ratios, expected losses, and negotiations with your insurance carrier, empowering you to navigate the renewal process effectively.
Advanced Advocacy program drastically improves claims management for manufacturer
Through the Advanced Advocacy Program, the Claims team provides support to reduce the duration and severity of both the lost workday and medical components of a workers’ compensation claim. Following several years of rising claims in losses incurred, a manufacturing firm turned to their insurance broker, MMA Midwest, for guidance. After careful examination of the firm’s workers’ compensation trends, MMA Midwest’s Advanced Advocacy Program was deployed.
