Companies face many kinds of risk. Challenges from new technologies, global supply chains, more onerous standards and regulations, challenging legal jurisdictions and precedents can all affect your company’s profitability. Especially when coupled with an increasing frequency or severity of liability claims. Major claims and the attendant media exposure can result in significant damage to reputation and brand. Liability claims trends in many industrial sectors are indicating increasing severity. Individual claims (and recall costs) associated with defective products, pollution spills or fires / explosions have exceeded $1bn in a number of cases. The recent verdicts and huge damages awarded in recent cases (often contrary to scientific consensus) have further highlighted the importance of robust risk management and claims defensibility.
Rochester Insurance™ Casualty Risk Consulting can help identify the key liability exposures associated with your business and work with you to ensure that risks are mitigated appropriately. Our risk consultants include over 30 degree or postgraduate qualified engineers and scientists covering all the major disciplines (including construction, chemical, mechanical, electrical, environmental, pharmacology and biotechnology) with typically at least 15+ years’ industrial experience to add value to the companies we serve.
We focus on the following main casualty areas:
By working with you on your casualty risks, we can help you develop and prioritize improvement measures to reduce your risk exposures and improve the risk management culture in your organization. Mitigating your casualty exposures can help prevent bodily injury, third party property damage, financial losses and sudden & accidental pollution damages. You improve your profitability while preserving your brand and reputation.