Manufacturing Risk Management

MFGunderstands the unique demands and exposures of specialized manufacturers. Our service platform for Manufacturers tailors a program designed to fit your unique needs. For your risk transfer resource, contact a MFG manufacturing risk management consultant for more information about developing or enhancing your risk management program. We consult for a broad range of metals and plastics manufacturing industries including: Trailer & Auto Parts Manufacturing, Stamping Die & Machining, Injection Molding Thermoforming, Rotational & Extrusion, Sheet & Film Production, Compression & Blow Molding, Rubber Hose & Belts, Rubber Molding, Die Cutting, Forging & Casting, Forming & Rolling, Equipment Manufacturing.

MFG Insights

As an example, automobile parts manufacturing operations can range from the finishing or assembly of parts manufactured elsewhere to the manufacture of a variety of parts and components. A few of the types of operations that may be encountered are metal castings, electroplating, heat treating, sheet metalwork, a range of fabricating exposures from welding to spray-painting, and plastics or upholstery work.

Property exposure varies considerably from the relatively light metal working operations to the extremely high plastic and spray-painting operations. Fire exposure may be high because of polymer and resins being used. Spray-painting and welding are two common processes (to most in this class) that must be controlled.

Products liability is moderate to very high, depending on whether the part is a critical operating part or a passenger restraining device. These types of parts or components may be subject to governmental controls and standards. It is important to understand what would happen if the particular part fails.

Environmental impairment exposure depends on the operations involved and can range from moderate to high. Particular concern should be any underground tanks that are in place and use/disposal of flammable liquids and chemicals.

Automobile liability is moderate, from the delivery of final parts as well as any exposure to pickup of materials. It is important to know if the applicant provides “just in time” service to customers–therefore placing a time frame delivery on drivers. Additional automobile exposure may arise if a fleet of vehicles is used for sales. Training and prior record of drivers, as well as condition and maintenance of vehicles are the primary items to consider.

Workers compensation exposure also may be moderate to high, again depending on the operations and processes involved. There must be a strong safety program in place along with appropriate safeguards for the work being handled. All exposures and operations must be carefully reviewed and evaluated.

 

 

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