Every manufacturing company is unique, but all share a common worry; the need for comprehensive insurance protection. Coverage that may be enough for a normal business will not be sufficient for a manufacturing concern. It is for this reason that it is so important to consult with an experienced agent or broker when choosing a total plan of insurance for manufacturers.
Every business, including a manufacturing company, requires a core package of insurance coverage that includes property, commercial auto and general liability. Often called a business policy or a commercial package policy, this combination covers the loss or damage of real property, personal injury claims of customers or third parties and collision and liability involved with vehicles used to conduct company business.
And Much More
All fine and good, but insurance for manufacturers should include much more than standard business protection. Depending on your industry and scope of operations, your company may require some or all of the following:
- Product recall and product liability insurance
- Workers compensation
- Employment practices liability
- Directors and officers liability
- Manufacturers errors and omissions (professional liability) insurance
- Business interruption
- Equipment breakdown
- Pollution liability
- Selling price insurance
Don’t gamble the financial health of your manufacturing business. Determine your risks exposures and acquire insurance for manufacturers that provides comprehensive protection.