Manufacturing Plants Save Millions with Claims History Review

To initiate a claims history review, manufacturing plants should:

1. Gather comprehensive data on past insurance claims, focusing on frequency, severity, and causes.
2. Analyze the data to identify trends and common risk factors.
3. Develop a risk management plan that addresses identified issues, such as improving safety protocols or upgrading machinery.
4. Engage with insurance providers to discuss findings and negotiate better premiums based on reduced risk.