
Nick McAndrew
National Practice Leader - Chemical
Chemical companies operate in a dynamic and ever-evolving environment. From developing advanced technology to meet the demands of a sophisticated and socially-conscious customer, to navigating disruption-prone supply chain networks, these companies face an actively changing risk landscape.
With the adoption of newer technology in critical parts of their business models, chemical companies must place greater focus on cybersecurity to minimise business interruption and financial impacts to their businesses. Chemical companies also need to anticipate and plan for potential risks, including operational hazards, severe weather, product liability, worker injuries, and other disruptive events, and take measures to manage and mitigate them.
Our dedicated Chemical Industry Practice specialists understand the unique risks, threats, and opportunities that matter to you. We combine global experience with local expertise to help you identify, assess, and prioritise the risks facing your chemical business and offer you tailored insurance and risk management solutions to help your business remain resilient and be successful.
Due to the broad range of risk chemical companies are exposed to, companies often deploy a combination of policies and risk transfer strategies to protect assets and minimise potential damages. Some options for addressing their key areas of risk exposure include:
Using our data and analytics tools, Marsh will benchmark and quantify the unique risk exposures to which your company is vulnerable. From there, we’ll build a risk management program that can help protect your company against potential threats or damages.
With Marsh, you’ll gain insights into your exposures and be able to implement appropriate risk mitigation and transfer strategies.
Having robust risk management strategies and policies in place is critical to a business's survival. Armed with the necessary data and insights, chemical companies can more effectively plan for and assess risks before a potential threat becomes a full-blown crisis. A robust strategy and policy will help with the continuity of operations and safeguard economic health in the face of adverse events.
Marsh has a deep understanding of chemical industry trends and challenges. Our powerful analytics and benchmarking resources leverage data and analytics to enable us to provide you with relevant industry-specific insights. We can provide you with a broad spectrum of risk solutions from property risk to supply chain consulting, cyber risk strategies, product risk assessments, crisis management frameworks, and more.
With this full suite of risk management tools and our risk transfer capabilities, you can minimise financial and reputational fallout and protect your bottom line.
National Practice Leader - Chemical