The Manufacturing sector* contributed $2.17 trillion to the U.S. economy in 2015, and is made up of many industries including petroleum, steel, automobiles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, and mining, among others. There are currently 12.32 million manufacturing workers in the U.S, which accounts for 9 percent of the workforce. Expectations are that over the next decade nearly 3.5 million manufacturing jobs will likely be needed.
RPS, a leading Managing General Agent/Underwriting Manager and nationally focused wholesale insurance broker, is committed to supporting the future of the manufacturing industry and its continued growth. We offer insurance and risk management solutions that provide comprehensive protection to address the industry’s exposures, mitigate risk, minimize losses, and drive down the total cost of risk.
We have a dedicated staff specializing in Manufacturing insurance that understands the complex issues faced by the different sectors that comprise the industry. This provides us with the ability to close existing insurance gaps in your insureds’ policies while realigning and lowering their insurance costs. We will conduct a thorough analysis of your clients’ exposures to determine the proper insurance coverages to address their risks effectively – from their global chain supply exposures to product liability and the value of their equipment in the event of breakdown.