Skip to main content

Chemicals Industry

Chemicals Industry

We eliminate the stress of complex commercial insurance management.

Accidents in the chemical industry lead to unique insurance challenges. Frequently, it isn’t clear how policies interact to cover the various issues – injuries and otherwise – that arise from a given claim.

These conflicts are inherent to the chemicals industry due to the nature of a chemical exposure. Even small issues can lead to widespread effects; chemical leaks can remain undetected for many years, leading to the accumulation of a pollutant that is only detected when health problems in the surrounding community start to arise. Meanwhile, in larger events, it might not even be clear who is liable – after an earthquake or a flood, many different chemical manufacturers could suffer containment losses simultaneously, resulting in even greater confusion.

Regardless of the nature of a given claim, we work with our clients to coordinate their coverage before the accident happens so that the claim is covered properly without becoming confused between insurance carriers.

High impact areas we review:

  • Coordination of internal insurance program coverages
  • Adequacy and breadth of pollution liability and clean-up coverage
  • Trucking and transportation exposures
  • Fire and property insurance
  • Employee safety
  • Disaster Recovery and Emergency planning

We’ll manage your commercial insurance, so you don’t have to.

Industry Insights with Mitch

Get the right commercial insurance consultant on your side.

Contact Us Today!

Case Studies

We’ve seen just about everything you can imagine, and then more. Here are a few examples of what we’ve accomplished for our clients.

Case Study – Long Island Chemical Company

A family-owned chemical manufacturer was plagued by multiple claims from one of their signature products. After the company completed an extensive redesign of packaging and product warnings, our team helped them consolidate their insurance coverage and transition from a claims-made to an occurrence-based liability program. Over the next several years, we also helped the company reduce their liability premium by over 70 percent.

Case Study – Environmental Contractor

In 2005, we were engaged to manage the insurance program for a $100 million environmental contractor. After our initial audit and review, we concluded that the company’s casualty and pollution programs did not adequately reflect the company’s operations. MB Davis redesigned the program and expanded the coverage, even including coverage for potential claims from previously uninsured, historic operations. We also saved the company about $600,000 per year on their insurance premium.

Case Study – International Chemical Manufacturer

Our client, an international chemical and plastics manufacturer, was purchasing a large plant in Canada for over $100 million. The seller was a Fortune 500 company with an internal risk-management and self-insurance program, and as negotiations continued, it became evident that there was a problem with plant water supply and fire protection. Potential insurers were reluctant to provide coverage, and the necessary improvements would cost millions of dollars. We eased the insurance companies’ concerns by helping our client develop a program to improve plant protection, and we safeguarded our client by supporting their negotiations with the seller about who would pay for the work. At the end of the process, the seller paid much of the cost of the upgrades, the insurance carriers were satisfied with the way our client was going to address the problem, and the purchase was successfully closed.

How well do you really understand your company's insurance?

Our risk management audit process also helps you better understand your company’s insurance program.

Get In Touch