Industries · Manufacturing
Private reinsurance for manufacturing.
A manufacturer's risk register is long (supplier concentration, cyber ransom, warranty and rework, credit and retainage, inland marine on raw materials), and commercial P&C may not price any of it. Under The Latitude Plan, those lines could go under real policies issued by a licensed carrier and reinsured to a reinsurance company you own, with premiums recommended by a licensed actuary against your actual exposure and set by the carrier.
The risk profile
Underinsured and uninsured risks we see in this vertical
- Administrative actions
- Business interruption
- Contingent business interruption
- Contractual liability
- Credit risk, clawbacks & retainage
- Crime & employee dishonesty (difference in conditions)
- Cyber ransom & cyber risk
- Directors & officers liability
- Employment practices liability
- General liability (difference in conditions)
- Inland marine (inventory & raw materials)
- Legal expense reimbursement
- Legislative & regulatory changes
- Loss of a key customer
- Loss of a key supplier
- Loss of key talent
- Product warranty & service rework
- Workplace violence
- Work stoppage
Policies are priced by the carrier against an independent licensed actuary’s formal assessment of your underinsured and uninsured risks. Treat this list as a starting point.
The brief
A working example: a steel-tank manufacturer in western Kansas with $17.5M in revenue and 40 employees remits $100K per month (about $1.2M per year, or 8% of topline) across twenty-two actuarially validated risk lines, with a $5M limit on inland marine inventory.
The result is a second balance sheet: reserves that help absorb the shock years and, net of claims, could compound as the owner's asset in the years between.
Book a Call
One hour to find out what manufacturing premiums could be building for you.
A one-hour presentation of The Latitude Plan, then your questions. Your CPA or attorney is welcome on the line.