With new European regulation in the form of REACH, and the critical eye of pressure groups, the importance of risk management for UK chemical companies cannot be overestimated. As the margin for error diminishes, issues such as reputation management and Business Continuity Planning are becoming more critical.

At the same time, UK companies are under competitive pressure from South East Asia to innovate new products – adding an extra incentive to manage strategic risk.

Marsh's Chemicals Practice offers a broad range of solutions for chemical companies of all sizes to help them manage these exposures.

Based on an organisation's individual needs, Marsh's risk management experts can develop, negotiate, and implement cost-effective risk management plans tailored to a business’s long- and short-term goals through services that include:

• traditional risk transfer programs such as Property and Liability insurance with wordings tailored to your risk exposures
• asset protection and loss control
• environmental insurance
• captive management.

Marsh takes a consultative approach to risk management, by first analysing an organisation’s full spectrum of risk, and then developing solutions that help avoid, mitigate, or transfer risk for the best possible economic advantage.

Tailored solutions can include:

• environmental risk consulting
• health & Safety Risk Consulting
• business Risk Consulting
• mergers and acquisitions due diligence
• supply chain risk analysis
• crisis management and business continuity planning
• claims advocacy and claims accounting preparation.