Insurance, risk and the tyre industry: Tyrepress talks to Ben Harrison, vice president, Marsh Commercial
The majority of industries across the UK have been impacted by the effect of COVID-19 and – with up to 60 per cent of garages closed during lockdown – the tyre industry is no exception. Prevailing market conditions combined with the complexity of the pandemic’s damage means that insurers have reduced their risk exposure and overall capacity. This, combined with newer pressures on the horizon, has provided tyre companies with a rationale for bolstering their risk management measures in order to avoid costly and time-consuming slip-ups down the line. Tyres & Accessories spoke with Ben Harrison, vice president, Marsh Commercial in order to find out more.