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Essential coverages to meet client demands
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Equipment Breakdown insurance will cover your business losses due to the mechanical or electrical breakdown of your milling equipment. The coverage will cover the cost to repair or replace the equipment or any other property damaged by the equipment breakdown.
Business Interruption insurance covers the loss of income that mills suffer after a disaster that forces a business to close. It can be a disaster-related closing of your business or expenses to rebuild after the disaster. The insurance covers not just the profits that your business would have earned, but also for recurring fees like monthly bills, and employee salaries.
Professional Liability (E&O) insurance protects your professionals against the legal claims of your dissatisfied clients. It protects your professionals when service or professional advice led your client to suffer financial or reputation damage. The insurance will cover the cost of the attorney and court fees when your client sues your business for the covered claims.
General Liability insurance protects your business and your employees against claims of third-party bodily injury, personal injury, property damage, medical expenses, advertising injury, and other related risks. The insurance will pay court costs, attorney fees, and other related expenses when a client sues your business.
Companies in this industry mill and produce textiles and food products. Establishments may specialize in working with products such as wet corn, lumber, rice, cotton, grain flours, and wood pulps.
Mills need insurance to protect their business from many known and unknown risks. Insurance does that by paying the costs of covered expenses like medical fees, liability claims, and other fees so you won't have to pay out of pocket. And all it takes is a small monthly fee to protect your business and even personal assets.
Mills face a lot of unique risks, below are some examples:
The cost of insurance for mills will depend on the size of your milling business, the number of employees you have and the coverage required. To find out the cost of your insurance policy, you can get a fast, free quote online or talk directly to our insurance experts.
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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