Quotes by Eugene Kiernan

“You have to work at identifying and maintaining and keeping abreast of the risk because its being done somewhere else. Whereas if you own your own manufacturing, you have much better control over your costs and products.”

“That takes a part of your supply chain and puts it in control of somebody else. You might not know whats going on on a day-to-day basis, or week-to-week basis, and then you have to understand how theyre handling risks at their factory.”

“If that factory has a catastrophic event, where can they provide alternative manufacturing facilities? If they cant, then youre out of business because theyre out of business.”

“Insurance underwriters are asking many more diverse questions regarding both individual risks from both a products standpoint and premises liability. And renewals are requiring more and more detail than ever before to support the types of questions theyre asking.”

“Our risk management strategy has been to better understand our own products and markets–now and in development–so we can not only respond to the underwriters concerns, but we can more clearly address our own concerns. At the end of the day, the risk is with the company.”