Sofa, so good - managing risks, reducing premiums

 

Challenge

A furniture manufacturer was experiencing problems with Insurers due to the presence of combustible insulation panels in his building. The materials can represent a considerable fire hazard and many insurers decline risks where these are present.  In this case our client faced a 300% increase in premiums.

 

How we helped

rhg investigated the position and correctly identified the precise nature of the panels. We were able to establish a panel risk management system and as a result we successfully placed the client with alternative insurers. Not only did this avoid the increase in premiums but it actually resulted in the client having the right cover in place at substantially lower cost.