In today's litigious environment, claims against industrialcompanies are inevitable, and off-the-shelf solutions to manageliability risks too often are inadequate.
In the high-risk manufacturing sector, where large-dollar claimsare common, small to middle-market companies struggle to findexperienced partners capable of providing targeted risk control andeffective techniques to lower loss results and reduce the effect onthe total cost of risk. Here are four tactics industrial companiescan implement to reduce the cost of claims.
1. Understand your claims history
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