Claims That Cost Manufacturers the Most(And How to Prevent Them)
Claims That Cost Manufacturers the Most(And How to Prevent Them)
Steve Chismar & Zach Upgren
How Manufacturers Improve Podcast Ep. #175
Too many manufacturers are managing last year’s risks while this year’s threats quietly compound. Lost time workers’ comp claims and cyber liability are now the two most financially damaging categories for manufacturers — and both are largely preventable with the right culture and the right partnerships in place.
In this episode of the How Manufacturers Improve podcast, host Kirby Sneen sits down with Steve Chismar and Zach Upgren of North Risk Partners — a full-service insurance agency with over 450 employees across a five-state footprint — to break down what’s actually driving claim costs, why manufacturers routinely underestimate risk, and what it takes to build a safety culture that catches problems before they become claims.
Listeners will walk away with a clear understanding of how the work comp experience mod works and what it means for their annual premium, why manufacturing accounts for one in four cyber liability claims, how near-miss reporting functions as a free risk-prevention tool, and why safety culture has to start with leadership or it won’t stick at all.
