We are working with expert insurers to ensure that we are leading the way in providing bespoke insurance programmes for the manufacturing sector.
The UK remains the 6th largest global manufacturer, with manufacturing worth £160bn pa to the economy –equal to 12.3% of GDP. Productivity has grown 50% since 1997 and manufacturing is responsible for 46% of all UK exports – making us the 10th largest manufacturing exporter by volume. Around 9% of total UK employment, equating to 2.5m jobs, is provided by this sector.*
While most manufacturers require similar covers, the varied nature of business activities in this sector presents a unique blend of risks that requires careful consideration from an insurance, claims and risk management perspective, including:
- manufacturing processes
- product recall
- business continuity planning
- health and safety in the workplace.
To find how your business can benefit from working in partnership with the Henderson Insurance Broking Group call your local office now.
*BIS Website – Manufacturing in the UK – September 2010/ Office for National Statistics, June 2010/ OECD STAN Database