S2E3 - Moore on Manufacturing: Risk Management Issues in the Production Process

<p>Chris Tolland, Executive Vice President at Foundation Risk Partners, joins Mike and Carrie on this episode of Moore on Manufacturing. The trio discusses common risk management misconceptions and errors as they relate to inventory, manufacturing equipment, and the production of personal protective equipment (PPE). They also talk about insurance implications and compare several aspects, including equipment breakdown coverage vs. property coverage, selling price vs. replacement cost, and contents coverage vs. stock throughput coverage. 00:10 – Welcome & introductions 00:27 – Risk or misses on insurance coverage for manufacturers 05:52 – How do manufacturers identify what is, or is not, in their current policy 07:45 – Brainstorming coverage and risk strategies 13:55 – Manufacturing in the new pandemic world 17:32 – How often should manufacturer meet with their brokers 19:18 – Stock throughput coverage 21:51 – Wrap up Sign-up to receive Moore in Manufacturing notifications when new episodes are released: <a href='https://www.jmco.com/moore-on-manufacturing/'>https://www.jmco.com/moore-on-manufacturing/</a></p> <p> </p> <p>Learn more about James Moore Manufacturing Team: <a href='https://www.jmco.com/industries/manufacturing/'>https://www.jmco.com/industries/manufacturing/</a></p>