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Casualty in manufacturing

Marsh helps manage casualty exposures, reduce total cost of risk, and optimize insurance and risk programs with tailored, data-driven insights.

Casualty losses can significantly impact manufacturers’ total cost of risk.

Manufacturers face a broad range of casualty exposures, including workplace incidents and product liability claims. Further, third parties may be exposed to  loss or damage to or from vehicles. And because casualty losses can span multiple specialties, they can significantly increase a company’s driver of total cost of risk (TCOR).

Managing these exposures has become increasingly complex as casualty coverage costs continue to increase. Building an effective casualty program requires data-backed risk insights that are tailored to each industry and organization, together with specialist understanding of casualty policies and markets.

Marsh’s casualty risk specialists help manufacturers analyze casualty exposures, identify and prioritize cost reduction opportunities, and optimize casualty insurance and risk management programs. We work with manufacturers to develop strategies for managing, mitigating, and transferring risk to help reduce its impact on your resources and bottom line.

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Data-backed risk insights to help manufacturers analyze casualty exposures and identify cost-reduction opportunities

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A team of advisors with specialist casualty expertise that spans different policies, markets, and the liability risks facing manufacturers, suppliers, dealers, distributors, and logistics entities

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Casualty insurance program optimization strategies designed to help reduce total cost of risk (TCOR)

FAQs

Casualty insurance is a  category of insurance that provides coverage for a broad range of liability and loss exposures, including vehicle-related risks, workers’ compensation, where applicable, product liability, and other third-party liability exposures from an insured’s premises or operations.

Casualty insurance can cover a range of losses and liability exposures, including third-party bodily injury/property damage, vehicle-related losses, workers’ compensation, where applicable, and liability claims arising from injuries or damage involving business operations or products. Because casualty risk may be addressed through multiple forms of coverage, the full scope of protection can vary depending on an organization’s exposures and insurance program.

Manufacturers face a range of casualty-related exposures, including workplace incidents, product liability risks, and claims related to third-party injuries taking place at an insured premises or related to operations. A well-structured casualty insurance program can help organizations manage these exposures and reduce the financial impact of losses.

Total cost of risk (TCOR) refers to the comprehensive cost of managing risk and incurred losses across an organization. It can include insurance premiums, claims-related losses, claims administration costs, collateral costs, uninsured losses, and implied risk exposures associated with volatility.

Why Marsh

Marsh helps manufacturers manage casualty exposures, optimize casualty insurance and fine-tune risk programs. Drawing on our team’s specialist knowledge of casualty policies and markets, we help manufacturers analyze exposures, prioritize cost-reduction opportunities, and strengthen risk transfer strategies.

With Marsh’s support, manufacturers can take a more informed approach to casualty risk by evaluating exposures and implementing strategies designed to help reduce total cost of risk.

Contact us

Ready to take a more strategic approach to casualty risk? 

Contact Marsh to learn how our specialists can help you identify exposures, reduce cost, and optimize your casualty program.

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