Companies in the Manufacturing sector tend to face a wide range of operational risks. Frank Crystal structures and negotiates cost-effective insurance solutions that transfer the balance of risk on property, product liability and recall, trade and supply chain disruption, and others to protect both revenue and the bottom line.

Frank Crystal works as a direct extension and complement of our Manufacturing clients’ finance and risk management departments and as an advisor to their financial decision makers:

Analysis and Advisory

Our experts assess each client’s risk profile, wholesale and distribution channels, and loss histories to develop an innovative risk transfer program that optimizes coverage for its unique needs. We explain all coverage and retention options and then guide each client through the decision making process.

Brokerage

We structure and negotiate insurance solutions that provide the most cost-effective coverage, with terms and conditions specific to each company’s individual exposures. We also drive premium rates by providing underwriters with a comprehensive prospectus of information in which we outline our analysis of the company’s operations, highlighting risk mitigation practices.

Loss Control

Many retail companies suffer from extensive Workers' Compensation and Automobile Liability claims. To help reduce these claims and, in turn, reduce premium and collateral requirements, we maintain a staff of in-house Loss Control experts. Our Loss Control team reviews facility procedures, develops safety protocol, and helps train employees in safe workplace practices.

Claims Management

Whenever a potential claim arises, it is important that a client act in a manner that does not place its insurance coverage in jeopardy. Our dedicated claim professionals provide guidance both pre-claim and throughout the claim process. Serving as our clients’ advocate, we assist in structuring claim resolutions and working with the client toward achieving equitable claim settlements.

Property

Many Manufacturing firms have properties both in the United States and abroad. We are experts in developing global property insurance programs that meet each client’s unique needs.

Political Risk

Operations located in developing economies are often subject to damage by terrorism, war, and civil unrest and are targets for potential government confiscation. As these perils are not covered by standard property insurance policies, we structure political risk policies that directly address the local risks faced at each location.

Cargo

Products are prone to damage in transit, whether being shipped by air, land, or sea. We structure both inland and ocean marine insurance coverages that specifically address the product movements required by our clients.

Supply Chain Disruption

Breakdowns can occur throughout the supply chain process. Key suppliers may be unable to deliver a required part or product. Bridges, tunnels, ports, and waterways may become blocked a impassable due to civil commotion, strikes, or geological catastrophes, inhibiting delivery of the final product. We structure contingent business interruption and trade disruption policies that directly address the unique exposures of each supply chain.

Products Liability and Product Recall

Companies that manufacture products may be held liable for injuries caused by these products and in some cases may incur large expenses to recall a defective product. We ensure that proper product liability coverage is included in the general liability and umbrella liability programs. We also specifically assess the product recall exposure, structuring and negotiating first and third party product recall coverage.

Workers' Compensation and Automobile Liability

Manufacturing firms typically employ a large number of employees in positions of physical labor. If these employees do not follow safety protocol, workers compensation claims - and premiums - can be quite high. Likewise, many manufacturing companies have sizeable automobile fleets with vehicles used for a variety of tasks. We analyze our clients’ loss data and help mitigate losses to minimize claim payments and long-term premium costs.

Directors & Officers Liability and Professional Liability

Directors and officers of Manufacturing firms face substantial management liabilities. We structure comprehensive Directors & Officers Liability, Employment Practices Liability, and Errors & Omissions Liability insurance solutions to protect these individuals for actions while they are serving in their professional, fiduciary, and managerial capacities. We also offer comprehensive bonding expertise.

Mergers & Acquisitions

Insurance-related costs can be a significant, hidden expense in M&A transactions. We help clients quantify risk exposures before they commit their resources. Solutions may include specialized insurance policies, such as Representations & Warranties insurance or Environmental Liability coverage.