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Machine Shop Insurance

Prefer to speak with a CoverWallet consultant? Call
(646) 844-9933

Frequently Asked Questions

Why do Machine Shops need insurance?

Businesses that fall under this industry are known as machine shops. They machine metal, plastic parts, and other composite materials. Machine shops are low volume and only make parts by order. To make the parts machine ships use lathes, automatic screw machines, and machines that bore, grind, and mill.

Machine shops need insurance to protect against the risks in which your business may be involved. It protects your business so that when a lawsuit, medical responsibility, auto accident or any risk that would cost a lot of money arises, it will cover the expense. Your insurance will pay for the cost of these risks so you don’t have to.

What risks do Machine Shops face?

Machine shops face a lot of unique risks. Below are some of those:

  • The delivery van’s engine you repaired for your client got destroyed delaying your client’s delivery time causing them to lose a lot of money.
  • The equipment you used to repair machines has broken down. This prevents your business from working faster and more productive than when the equipment is working.
  • A client entering your building slips on an oil spill causing him to suffer injuries.

How much does the Machine Shop Insurance cost?

The cost of insurance for machine shops depends on the size of your store, the coverage required and the number of employees you have. To find out the cost of your insurance policy, apply for a free quote online or talk to our insurance experts on the phone.

Are You Ready to Get Covered?

Prefer to speak with a CoverWallet consultant? Call

(646) 844-9933