Paper industry: complex risk portfolios
Paper is a valuable material that helps shape the communication in all areas of our society. Manufacturing and processing paper by today’s standards requires expert knowledge and state-of-the-art technology. Likewise, developing adequate risk and insurance solutions for this complex industry calls for competency at a high level.
VZP, an exclusive cooperation partner of Funk, has been operating for over 50 years as an independent insurance broker that is specializing in the needs of the paper industry. Together with Funk, VZP offers its clients the solutions and services of an international insurance broker and risk consultant. For VZP clients, this means twice the expertise when it comes to security for companies in the paper sector.
Insuring the paper sector
- Property damage insurance against fire/explosion and machinery breakdown (technical and organisational fire protection)
- Business interruption insurance due to property and technical damage
- Liability insurance for third party claims resulting from the operation or the paper produced
- Professional liability insurance
- Environmental insurance against risks from paper production
- Product recall insurance
- Marine cargo insurance
- Credit insurance
- D&O insurance
- Legal protection and criminal defence insurance
- Vehicle insurance
- Employee health and benefits concepts
VZP and Funk working together for your future
The paper industry is marked by large, complex systems for paper production, processing and finishing. An interruption of business, for example due to damage to machinery, may result in significant losses in turnover if delivery deadlines cannot be met. Another core risk of the paper industry is fire damage. Traders and manufacturers do not only need comprehensive fire insurance that covers all typical eventualities of the industry, but also a reliable assessment of their potential risks and the necessary fire protection measures. VZP analyses the company-specific risks of paper manufacturers, printers and paper wholesalers, regularly checks existing cover strategies and recommends new cover options in line with current market developments.
VZP has worked closely with the German paper sector for decades and operates on equal footing with these companies. The experts offer individual insurance programs that are precisely tailored to the needs of each individual client and help secure the future of a material that goes back hundreds of years.
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.
