Get protected against employment-related issues
All Standard plan benefits and:
Equipment Breakdown insurance covers your losses due to mechanical or electrical breakdown of nearly any type of equipment. The insurance will cover the cost to repair or replace the equipment and any other property damaged by the breakdown of the equipment.
Business Interruption insurance will cover the loss of income that your business suffers after property damage. The insurance will cover your lost business income, operating expenses, employee wages, taxes, loan payments, the cost of moving to a temporary location and other related expenses.
When you have made a mistake in manufacturing client apparel, Professional Liability will help. It protects your business against claims of poor professional service that caused your client to suffer financial harm from the errors you made or because you failed to perform the service. The insurance will cover the cost of defending your business and the certain damages awarded.
General Liability insurance will protect your business from a variety of claims that can arise from your business operations. This includes third-party bodily injury, personal injury, advertising mistakes and some of the most common lawsuits that can arise from everyday business activities.
Manufacturing companies within this industry focus primarily focus on creating various forms of clothing, apparel, and accessories. This includes clothing for men, women, children and infants, handbags and footwear. Establishments in this industry will take raw materials, such as hides, furs, and textiles, and turn them into products for later sale.
As an owner of an apparel manufacturing business, you can expect many risks. Risks like property destruction by fire or natural disaster or losing inventory to a thief. Employees could sue for negligence or customers could claim that you are liable for an injury caused by the use of your product.
These are just some of many possible risks your business may see and the right insurance coverage will help you get back on your feet and continue on with your business if these events occur.
Apparel Manufacturers face a lot of risks. The textile machinery that you use to produce apparel is prone to catching fire. This could risk destroying your entire supply of raw materials or worse, destroying your property. Some others may be:
These are just some of the many risks Apparel Manufacturers face.
The price of insurance depends on the type of textile manufacturing business you own and the number of policies you need to carry. There is no concrete amount as your insurance has unique needs. Call our customer service representatives to get a quote for your insurance.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
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