Insurance for Metal Manufacturers

Companies in this industry manufacture a variety of metal products, such as fences, cast steel for railroads, wire, and steel working machinery, oil drums and fermentation tanks, nails or paper clips. Establishments in this industry also work with different types of metal to create castings and to refine different types of metals into workable sheets and rods for later use.

Metal manufacturers need insurance to protect the business from the many known and unknown risks. Insurance is very useful when your business is involved in a medical or liability claim as it can cover the costs from these types of claims. This protects your business against a lot of out-of-pocket expenses, protecting your business and even personal assets.

Below are some of the risk examples that metal manufacturers could face:

• Equipment you use for manufacturing metals has malfunctioned. This reduces business productivity that day, costing your targeted profits.
• An employee gots into an accident while manufacturing metals. Your business is responsible for the medical and/or rehabilitation payments until he or she can work again.
• One of your manufacturing plants catches fire, halting business production. Profits are reduced while you repair the plant.

There is no fixed cost of insurance for metal manufacturers as insurance carriers rely on various criteria, such as the size of your business, number of employees and type of coverage needed, to identify the cost of your insurance policy. To get a free quote quick, you can apply online or talk directly to our insurance experts.