Heavy transport and crane industry: high investments meet high risks
Companies in the heavy transport and crane industry face an extremely complex liability situation. In addition, the use of high investment volumes, such as mobile cranes, heavy duty equipment, construction cranes, hoist equipment or work platforms also calls for a professional transfer of risk.
As a founding member of the federal German technical group for heavy-duty transport and crane work, Funk has been an experienced partner for this demanding industry for over 50 years now. Since 1994, our expertise in this sector is pooled in the heavy transport/crane team that offers a variety of services in the areas of insurance and risk management.
Interdisciplinary know-how for individual solutions
- Property damage insurance against fire/explosion and machinery breakdown (technical and organisational fire protection)
- Business interruption due to property and technical damage
- Liability for third party claims resulting from the production system or the products themselves
- Environmental liability
- Professional liability insurance
- Heavy goods liability
- Product recall insurance
- Marine cargo insurance
- Credit insurance
- D&O insurance
- Erection all-risks-insurance
- Legal protection and criminal defence insurance
- Vehicle insurance
- Employee health and benefits concepts
Specialists for heavy-duty situations
Our extensive industry knowledge and interdisciplinary expert know-how make us a valuable and recognised partner in the crane and heavy transport industry. There is a good reason why we have been supporting a majority of our industry clients for many years already, providing competent advice for:
- Telescope, tower and caterpillar cranes
- Construction cranes
- Heavy-duty equipment
- Work platforms
If necessary, we also conduct an insurance-specific investigation of the general terms and conditions or framework contracts for our clients in order to identify potential gaps in insurance cover and proactively avoid any liability losses. Our clients also benefit from our claims expertise and our good relations with insurers. Furthermore, Funk offers dispatch and crane driver training as part of a holistic loss prevention strategy.
Risks
Liability risks
The potential liability of companies varies depending on the industry or clientele. Nevertheless, all companies have one thing in common: even small mistakes can lead to severe losses.
Property damage and BI risks
While property insurance is a basic protection every company should have, the risk of business interruption is increasing steadily as well – especially for globally connected players.
Risks in M&A processes
The M&A market is booming: in a constantly changing market environment, transactions are the key to the success and future viability of companies. But their risks should not be underestimated.
Services
Funk China
Investing and operating outside of China becomes more and more essential for Chinese companies. The Funk China Division supports its Chinese clients in managing the risks, challenges and chances of worldwide outbound investments.
Insurance + risk management
Funk devises and implements holistic risk and insurance solutions for companies across all industries, sectors and countries. In doing so, our experts do not only secure your individual assets but also create genuine added value for your company.
Employee health + benefits
Employee benefits concepts are a sustainable component of a good corporate policy. Funk provides comprehensive, transparent advice with a view towards the long-term advantages for your company and your employees.
