Semiconductor

At Willis, a WTW business, we understand the challenges faced by semiconductor companies. Our comprehensive risk management and insurance solutions are designed to help you navigate the complexities of the industry, ensuring your business remains resilient and protected.

Key services for semiconductor companies

• Risk register review: We help you refine your risk registers, considering longer time horizons to challenge assumptions about likelihood and impact. This ensures that your risk management strategies are robust and forward-looking.
• Executive team scenario planning: Our team assists with executive scenario planning, preparing your leadership to respond effectively to potential risks. This includes simulations and strategic planning sessions to enhance decision making.
• Supply chain resilience: We work closely with your suppliers to understand and address supply chain risks. Using diagnostic mapping, monitoring tools and analytics, we help you visualize, quantify and assess risks in specific locations, ensuring your supply chain remains robust.
• Insurance provisions review: We review your insurance provisions to ensure you understand what is and isn’t covered. We identify and address gaps to prevent potential losses, providing peace of mind for your business.

Risks and challenges

• Supply chain disruptions: We offer specialized solutions to identify and mitigate vulnerabilities in your supply chain.
• Geopolitical tensions: Our global perspective helps you navigate the complex geopolitical landscape, assisting your business in remaining resilient.
• High R&D costs: We provide insurance products to protect against the financial risks associated with high R&D investments.
• Rapid technological advancements: Our services help you stay ahead of the curve, enabling your risk management strategies to align with the latest technological developments.
• Talent demand: We assist in managing the risks associated with your talent needs, supporting your workforce in preparing for the future.
• Economic cycles: We help you prepare for economic fluctuations, facilitating your business's stability and profitability.
• Environmental and energy concerns: Our environmental liability insurance and energy management solutions help you address sustainability and regulatory compliance.
• Cybersecurity threats: We offer comprehensive cyber insurance and risk management services to protect your sensitive data and operations.

Semiconductor insurance products and solutions

• Property and business interruption insurance: Protect your physical assets and operations from unexpected disruptions.
• Cyber insurance: Safeguard against cyber threats and data breaches.
• Product liability insurance: Ensure your products are covered against potential liabilities.
• Directors and officers (D&O) insurance: Protect your leadership from legal and financial risks.
• Environmental liability insurance: Address environmental risks and regulatory compliance.
• Political risk insurance: Mitigate risks associated with geopolitical tensions.
• Trade credit insurance: Protect against non-payment from customers.
• Supply chain insurance: Ensure your supply chain is resilient and protected.
• Equipment breakdown protection: Cover the costs of equipment failures and repairs.
• Workers’ compensation insurance: Protect your employees and comply with legal requirements.
• Enterprise risk management (ERM): Create a customized risk management strategy to meet the specific needs of your semiconductor company, including size, location and manufacturing processes.

Expertise and experience

Our team has the expertise and experience to help you understand your supply chain vulnerabilities, align your production with financial risk, manage and transfer risks for both property-related and pure economic losses and tailor our services to meet your specific needs.

Disclaimer

WTW hopes you found the general information provided here informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, WTW offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).