Case Study: Sub-contract manufacturing

A partner broker approached us with an opportunity to underwrite a complicated sub-contract manufacturing risk where the parts produced had the potential to end up in Personal Protective Equipment (PPE) or safety-critical systems.

Additionally, the risk contained elements of North American exposure and the overnight unattended running of machinery (supported by Firetrace Automatic Fire Suppression systems). It was therefore critical that we understood the risk well.

Working in conjunction with the broker and our in-house survey team, our underwriter developed a deep understanding of the risk, enabling him to ensure cover requirements met the client’s needs.

Important to the client was pricing stability, so the underwriter ensured our competitive quote included the offer of a Long-Term Agreement. The client was pleased with the overall offer from NIG and chose to move their policy to us along with a number of additional ancillary policies, enabling us to gain an even better understanding of their business and unique risks.

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