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Hospitality/Leisure

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15/07/2021

The pace of change, variety, and innovation in the hospitality sector continues to increase. Robust control and management is the key to commercial and reputational success for companies operating in this dynamic sector.

  • With frequent and numerous changes in industry regulations and standards, an organisation’s product recall preparedness helps it avoid recalls and limit damage should an event occur. Marsh’s approach focuses on product recall avoidance procedures, product recall infrastructure, and product recall administration.
  • The ability to assess and quantify risks by clearly understanding the financial, strategic, and operational strengths and vulnerabilities of key entities along the supply chain is key to building a more resilient and agile supply chain, translating into increased adaptability in the face of a disruption.
  • In a low-margin environment, managing the costs associated with liability will improve operational efficiency and contribute to enhanced profitability. The Marsh Claims Cost of Risk Reduction Programme helps you assess your historical claims drivers, identify opportunities to reduce risk, improve defensibility, and ultimately reduce cost.

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