Commercial Insurance Advice For Rapidly Growing Businesses

What happens when your business grows, but your insurance doesn’t? Expansion brings new risks, and if your cover hasn’t kept pace, you could be exposed. That’s when expert commercial insurance advice becomes essential.

Let’s examine a real-world example of what can happen when growth outpaces cover, and why working with an experienced commercial broker makes all the difference.

A manufacturer on the move

Earlier this year, a plastic manufacturing firm with multiple sites across Ireland and the UK entered new territory: medical-grade plastics and sustainable alternatives. It was a smart commercial move that responded to demand and regulation, but it came with a whole new risk profile, one that their insurance program wasn’t built to support.

Like many expanding companies, their cover had become fragmented over time, spread across multiple brokers and policies. There were overlapping coverages, inconsistent limits, and several critical blind spots, including:

• Product liability for exported goods
• Pollution and environmental exposure
• Machinery breakdown and engineering risks
• Cybersecurity threats
• Business interruption across a multi-country supply chain

This wasn’t just inefficient, it was dangerous.

The power of proper risk review

A full-risk assessment was now crucial, and included walking through each site, engaging operational and finance teams, and mapping out the production cycle and supply chain. By taking a strategic, end-to-end view of the business, gaps were uncovered that the client didn’t know existed.

The result was a consolidated, modern insurance solution that provided:

• Bespoke business interruption cover aligned with bespoke machinery and international suppliers
• Full product liability, including exported and regulated goods
• Environmental impairment liability for sustainable operations
• Machinery breakdown and engineering failure cover
• Cyber insurance for digitised processes

Not only was the client now better protected, but they also achieved a significant reduction in premium and a major reduction in administrative effort by streamlining everything.

Get expert commercial insurance advice for your business

This is exactly the kind of strategic thinking experienced commercial brokers bring to the table.

At ERM Financial Services, we know how easy it is for insurance to lag behind your operations, especially if you’re expanding into new product lines, markets, or territories.

Our team has deep experience in manufacturing, engineering, logistics, and high-compliance sectors. We work with clients to align their cover with their real-world risk. Ask yourself:

• Has your business changed significantly in the last 12–18 months?
• Have you added new suppliers, markets, or product lines?
• Are you still relying on legacy insurance structures that no longer reflect how you operate?

If you’re growing, your risks are changing.

Get in touch today to book a risk review with our team to stay protected and compliant.