General Electric Insurance Analysis & Coverage Guide
General Electric (GE), headquartered in Boston, MA, is a global leader in the manufacturing industry, with a rich history dating back to 1892. The company boasts over 10,000 employees and generates approximately $75 billion in revenue. GE operates across multiple sectors, including aviation, healthcare, power, and renewable energy, showcasing its diverse portfolio and innovative approach to technology and manufacturing.
Company Overview
Manufacturing
10000+ employees
1892
Boston, MA
$75B
53/100
Insurance Spend Analysis
Estimated Annual Spend
Based on industry benchmarks and company size, GE's estimated insurance spend range is likely between $50 million to $70 million annually.
Industry Average
$50M - $70M annually for companies with similar revenue and operational scale.
Savings Opportunity
GE could optimize its insurance spend by consolidating policies under fewer carriers, potentially leveraging better rates and coverage enhancements.
Recommended Coverage Types
general-liability
Recommended: $1 million per occurrence / $2 million aggregate
Premium: $20,000 - $40,000 annually
professional-liability
Recommended: Not typically applicable for manufacturing but advisable for GE's consultancy and digital services at $5 million.
Premium: $15,000 - $30,000 annually
cyber-liability
Recommended: $50 million
Premium: $200,000 - $500,000 annually
workers-compensation
Recommended: Statutorily required, varies by state
Premium: $1,000,000 - $3,000,000 annually
commercial-property
Recommended: $500 million to $1 billion
Premium: $600,000 - $1,200,000 annually
industry-specific-coverage
Recommended: Varies based on specific operations and exposure
Premium: Depends on specific coverage needs
Common Insurance Carriers
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