Engineering & Industrial Manufacturing
Our thorough understanding of your business, its specialised activities including highly technical equipment and processes, means McKenzie Ross can provide peace of mind that business assets, revenues and employees are properly covered and protected, leaving business owners to focus on management and profitable growth of their business. McKenzie Ross can provide a holistic package that will correctly cover physical assets and unscheduled or unplanned interruptions to production.
The process includes an audit to correctly cover fixed assets including specialised equipment, systems, structures and raw materials. We than assess all risks and exposures to determine a custom insurance program that properly protects assets, liabilities and revenues from unforeseen circumstances.
One of the most common issues manufacturers face is lost production time. Be it from a fire, mechanical failure, or one of your suppliers not being able to provide an element as they themselves have suffered a loss, McKenzie Ross have got you covered.
It is critical in a manufacturing environment that you utilise an insurance adviser that not only understand the risks of supply chain management but also the consequences if it fails. At McKenzie Ross, we provide risk advice to some of the largest privately owned manufacturing businesses in Australia, and more importantly have settled numerous significant fire and business interruption claims in this sector.
Another significant risk factor for manufacturers is human capital. Workers compensation and claims management. We understand the importance of arranging the correct style of Worker’s Compensation policy to meet the complexity of each individual business.
We can assist in managing claims to ensure that claims cost do not escalate. Workers compensation usually represents about 50% of a manufacturers insurance premium – as such it is critical it is managed properly.
McKenzie Ross’ Commercial Division have experience in most manufacturing types and understand the different phases of risk and the opportunities to tailor solutions to give you the most cost-effective, integrated approach for your business.
Our assessment, analysis and recommendations can include:
- Business interruption reviews
- Comprehensive premises, equipment and materials damage value reviews
- Design, Manufacture and Construct exposure reviews
- High fire hazards (Expanded Polystyrene) risks
- Labour hire injury exposures
- Product liability protection for
- Product Recall & Contaminated Product Exposures
- Specialist Cargo and Transit needs