Any textile manufacturer will benefit from RENOMIA as a partner. With RENOMIA insurance solutions, all risks associated with textile manufacturing will be under your control.
Insuring risks inherent in textile manufacturing is a specialization in its own right. It is structured differently and requires a specific treatment of risk underwriting and management and, often, a different approach to settlement of large and complex claims.
In addition to conventional natural hazards insurance and liability insurance, a well-designed insurance programme treats risks from their potential source (prevention, elimination) to recovery. Configuring the insurance and its special terms ahead of time helps the party affected by a production downtime spring back to full operation in no time.
Main risks associated with textile manufacturing:
- cheap imports from Asia
- high investment intensity of the industry
- relatively high dependence on suppliers