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The manufacturing industry of flammable products, including plastics, rubber, wood, paper, and garment & textiles, is inherently high-risk. These products are prone to ignition and combustion due to their chemical properties, making them susceptible to fires. The risk of fire is further exacerbated by the presence of flammable materials, such as solvents, oils, and other chemicals, used in the production process.
Moreover, this industry is vulnerable to human error, as workers may not follow proper safety procedures or equipment may not be properly maintained. Additionally, the risk of product recalls exists due to the potential for defective products to enter the market. Regulatory compliance is also a significant concern, as manufacturers must adhere to strict safety standards and regulations to prevent accidents and ensure public safety.
To mitigate these risks, manufacturers adequately implement comprehensive safety protocols, product quality management, recall policy, conduct regular training for employees, and maintain a culture of safety awareness throughout the organization.
Protects against data breaches and cyber-attacks leading to increasing IT costs, ransomware, business interruption, reputational damage etc…., which are increasingly relevant for firms storing and processing client sensitive data and operating on a worldwide internet/digital environment like professional services firms
Learn moreIIB provides advisory to build the most robust and adapted employees benefits scheme that fits your operations, size and HR strategies. We also provide broking services for Healthcare, Workers’ Compensation Insurance (WCI) and Personal Accident (PA)
Learn moreCovers employers' legal liability for work-related injuries or illnesses to employees. It provides financial protection against employee claims, including medical expenses, lost wages, and rehabilitation costs. ELI also covers claims related to employee death, disability, and mental health issues.
Learn moreContact our team today to learn how we can help your business make better risk and people decisions
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