Insurance News Archive
Commercial property insurance: Manufacturing will recover inconsistently
Written by Michael Brown
Commercial property insurance holders invested in manufacturing will experience economic recovery in a piecemeal fashion, an expert warns.
Adam Buckley, head of programmes at The Manufacturing Institute, calls for caution and advises companies to have a mindfulness of the complicated nature of the business.
He says early signs of the recovery could be based purely on businesses' restocking policies.
"Some sectors, such as food and drink, low carbon and environmental technology businesses and pharmaceutical, will recover quicker than others," he states.
Mr Buckley claims that commercial property insurance owners in the automotive or construction fields could face a slower departure from the recession.
He says recent changes such as rises in energy and import costs are placing additional pressures on the industry.
Figures published by BDO Stoy Hayward have found conditions across the sector are beginning to stabilise, although manufacturers are not expecting a rapid change in their fortunes.
07 Sep 2009
