 Through technological development, environmental focus, and innovative research, the chemicals industry is fueling economic growth and improving standards of living worldwide. At the same time, however, globalization and an increasing focus on core business activities have contributed to the radically altered environment in which the industry now operates.
These and other changes have resulted in a more complex, more costly risk management environment. Perennial concerns such as workforce safety and the fluctuating cost of raw materials, combined with emerging issues such as terrorism threats and site security, create a situation that can threaten an organization's success, or its very survival.
Marsh's Chemicals Practice offers a broad range of solutions for chemical companies of all sizes to help them manage these exposures. Based on an organization's individual needs, Marsh's risk management experts can develop, negotiate, and implement cost-effective risk management plans tailored to a business's long- and short-term goals through services that include:
- Traditional risk transfer programs such as property/casualty and directors and officers liability;
- Asset protection and loss control;
- Environmental insurance; and
- Captive management.
Marsh takes a consultative approach to risk management, by first analyzing an organization's full spectrum of risk and then developing solutions that help avoid, mitigate, or transfer risk for the best possible economic advantage.
Tailored solutions can include:
- Environmental risk consulting;
- Terrorism site vulnerability assessment;
- Product liability risk assessment;
- Mergers and acquisitions due diligence;
- Supply chain risk analysis;
- Crisis management and business continuity planning; and
- Claims advocacy and claims accounting preparation.
With our integrated risk management solutions and benchmarking capabilities, combined with access to the services of other MMC entities, Marsh offers chemical organizations a full spectrum of services and expertise to help them succeed in their changing environment.
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Related Information
Brochure: Crisis Preparedness for the Chemicals Industry
A replay of our Nov. 6 Chemicals Industry Security Risk Webcast is now available.
Contacts
Chemical Security Regulations Update
Chemicals Risk Benchmark Report
Risk Management Impacts of REACH
Learn how Marsh and Paradigm help clients to reduce the costliest workers compensation expenses: catastrophic injuries.
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