While lean production has become a cornerstone of successful supply chain management and a way for businesses to stay flexible and responsive to changing tastes in their markets, the dependence on and relationship with suppliers resulting from outsourcing and minimising stock creates a host of exposures. Successfully navigating and managing the risks presented by a complicated supply chain that spans across regional, national and especially international territory is a complicated endeavour considering the countless precarious factors that can cause disruptions or liability issues across … [Read more...]

We did a Q&A session with our principal Momentum. See below our answers. With more than 150 years’ combined experience in insurance and risk management, Sentio Insurance Brokers is made up of professionals who have held senior roles in major global brokers. Founded by Richard Waltier and Caroline Fairclough, the business now has offices in Birmingham, Worcestershire, and Dudley. Name: Richard Waltier Title: Director of Sentio Insurance Brokers What attracted you to becoming an insurance broker?Firstly, it was a natural progression for me because for the past 30 … [Read more...]

As the owner or manager of a construction firm, you know that construction projects, no matter the size or scope, can be significant undertakings fraught with difficulties and setbacks. Not only are you responsible for doing your job effectively and safely, but you are also responsible for fulfilling your contractual obligations to whoever hired you, whether it was the project employer or a contractor. However, your responsibilities can extend even beyond those parties and apply to third parties using what is called a ‘collateral warranty’. Collateral warranties create a contractual link … [Read more...]