The Chemical and Pharmaceutical sectors are faced with numerous ever evolving business risks ranging from growing regulation to increasing distribution costs. Whether you are a chemical producer or a distribution company, risks still exist and you need the peace of mind that comes with knowing that you have an insurance and risk management programme that meets your needs and protects your interests.
Whether it is Liability insurance for products sold, transit cover for distribution or business interruption cover for research and development, Belmont International has the experience and knowledge required to tailor solutions to your needs.
Insurance for the chemicals and pharmaceuticals sector right now
The greatest challenge remains the limited number of insurers able to both understand and offer wide enough cover for the risks that the chemicals and pharmaceutical companies face. Whilst one or two insurers traditionally outside of the chemical and pharmaceutical sector have expanded their appetite for liability insurance, they remain extremely selective. With insurers in the UK set to begin a steady increase in premiums over the next twelve months, it is incumbent on any business owner to be sure that the need to control insurance costs does not result in using the wrong insurer or policy. This is where Belmont’s expertise can prove invaluable.
Types of Chemical and Pharmaceutical insurance
Whatever your requirements and size of organisation – from small suppliers through to global manufacturing and distributing companies - we will work with you to ensure that you’re appropriately covered. Although we provide a bespoke service to all of our clients, below are examples of the types of cover that could be included within your business insurance package:
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Property Damage
- Business Interruption (including research costs)
- Products Liability
- Environmental Impairment Liability
- Employers and Public Liability
- Motor
- Goods in Transit/Marine Cargo
- Clinical Trials
- Directors & Officers Liability