Steve Horstkamp
Vice President, Chemical
Chemical companies operate in a dynamic and ever-evolving environment.
From developing advanced technology to meet the demands of a sophisticated and socially-conscious customer, to navigating disruption-prone supply chain networks, these companies face an actively changing risk landscape.
With the adoption of newer technology in critical parts of their business models, chemical companies must place greater focus on cybersecurity to minimize business interruption and financial impacts to their businesses. Chemical companies also need to anticipate and plan for potential risks, including operational hazards, severe weather, product liability, worker injuries, and other disruptive events, and take measures to manage and mitigate them.
Our dedicated Chemical Industry Practice specialists understand the unique risks, threats, and opportunities that matter to you. We combine global experience with local expertise to help you identify, assess, and prioritize the risks facing your chemical business and offer you tailored insurance and risk management solutions to help your business remain resilient and be successful.
In the US, the chemical industry is undergoing unprecedented change. In addition to operating under increasing federal and global regulatory pressures, geopolitical uncertainty, and supply chain disruptions, the COVID-19 pandemic and recent severe weather events further highlighted the vulnerability of the industry to business interruption. From plant, border, and port closures, to employee safety measures, and navigating transportation/logistics disruptions, the need for stronger enterprise risk management has become more critical for chemical companies.
Our US Chemical Industry Practice team, with over 100 dedicated colleagues, understands the unique challenges US chemical companies face. Our risk specialists have the knowledge and networks needed to help you effectively anticipate, mitigate, and transfer the various risks you face, so you can embrace new opportunities while minimizing the impacts to your bottom line.
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07/25/2023
Four actions to mitigate rising product recall risks
With the rise in product recalls, it is important to have plans that allow you to immediately take action. Learn how to mitigate this potential risk.
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5 major risks chemical companies should address now
Steep price hikes for raw materials, many of which are in short supply, together with a heightened cyber threat environment is intensifying the risk landscape for chemical companies. At the same time, the industry is adapting to heightened scrutiny from both regulators and other stakeholders amidst increased focus on environmental, social, and governance (ESG) issues.
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As Hurricane Season Approaches, Chemical Companies Should Consider Parametric Coverage
While traditional insurance will remain the backbone of most companies’ risk management strategy, interest is growing in parametric solutions.
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