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Coverage Trends in Manufacturing’s “Big 3” Risks: Workers’ Comp, Product Recall and Supply Chains

With Workers Compensation, the big shift is the medical component of costs exceeding indemnity costs. With Supply Chain risk, its the realization that supply and upstream customer chains can be far more fragile than anticipated in a catastrophe. And for food processors, the emerging challenge is a food-safety law that...

By Dave Lenckus | Updated on February 09, 2012
Louis Lubrano, the New York-based senior vice president of global crisis management for Liberty International Underwriters

Those who manage and underwrite risks for manufacturers are facing familiar risks—but with some challenging new twists.

With Workers’ Compensation, the big shift is the medical component of costs exceeding indemnity costs—this after an extended period when companies could materially cut their Workers Comp’ expenses by focusing primarily on returning injured employees to work.

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