Supply Chain Insurance

Distribution

You can’t predict what challenges your supply chain may face. Whether you’re looking to guard against theft, comply with local regulations, or mitigate risk in any other way.

The globalization of the business environment has created new risks to the production process and has made us more aware of exposures to the supply chain.

We understand the challenges brought about by globalization and can help you navigate them to protect your business. For this reason, our supply chain insurance services include risk management, consulting, and placement expertise, as well as an understanding of the physical distribution environment.

Global supply chain insurance expertise

Hugh Wood United States has a global reach and work with clients all over the world. We use the expertise of our multinational team to assess the unique risks of your supply chain and advise you on the best course of action to lower those risks.

Moreover, with 20 years of experience, Hugh Wood United States can help you evaluate your supply chain risks and provide you with practical solutions to protect your company.

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We can advise you on the following risks:

Auto liability

Bailee and property of others

Brand protection

Business income/extra expense

Cargo liability

Contingent business interruption

Executive liability

Extortion and war risks coverage

First- and third-party recall coverage

General liability

Government seizure of plants or products

Ocean cargo and transit coverage

Product tampering and contamination

Products liability

Real and personal property

Warehouse legal liability

Contingent Business Interruption

Contingent business interruption insurance protects from business interruption when the logistics system fails due to a covered cause or loss. This applies to manufacturers and retailers who supply products worldwide. If you use just-in-time supply systems, any disruption to your supply chain can cause a significant loss.

Furthermore, suppose that you have to shut down your facilities or source your materials elsewhere due to a decline in supplies. As a result of this, the acquisition costs of the sourced materials you need to continue operating will increase.

Insurance against interruption losses

It’s important to be aware that many companies do not realize you can insure against interruption losses caused by third-party facilities.

The team at Hugh Wood United States can advise you on this type of insurance coverage and provide valuable advice to the risk management of disruption in your supply or distribution chain.

Distribution & Supply Chain