Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Manufacturers face a number of risks every day. To properly protect your business a general liability policy with products and completed operations is important. Some manufacturers may benefit from a business owner’s policy that covers both liability and property risks. If you have employees then worker's compensation is likely required.
Covers costs associated with broken equipment including repair and rental of temporary equipment.
Business Interruption insurance is a type of manufacturer's insurance that covers the loss of income that a business suffers in the event of a disaster. The policy also covers operating expenses that continue to bill even though your business activity is temporarily halted.
Pays damages and defense costs that occur due to product defects and recalled products.
Pays costs that stem from third-party claims including injury, property damage, slander and libel.
Nearly 4% of employees reported work-related injuries or illness in 2015. When these scenarios occur, you are responsible for covering all ongoing medical expenses and paying the employee’s lost wages while off of work. Workers' Compensation pays these costs for you and prevents the employee from suing your business.
Establishments in this industry manufacture a very large variety of consumer, commercial and industrial goods and products. Businesses in this industry include those that create household items such as brooms or glassware, industrial items such as ampere meters and circuit testers or commercial business items such as pens, easels, and drafting materials. Products can include those that are metal, plastic or chemical-based.
Manufacturers provide more than a million jobs and produce a vast number of products that consumers rely on you to produce. Products range from houseware items to apparel to equipment or tools and even office supplies. As a manufacturer, you often face tight deadlines and high standards for the products you make. It’s easy to push insurance to the bottom of your list, but it is critical to protecting your business, reputation, assets, and employees.
The types of risks you face daily are critical. One wrong move and your business can crumble. Here are some of your unique risks:
Insurance costs for manufacturers vary among carriers. They each have a unique set of guidelines they use to calculate premiums. Most will want to know your experience, claims history, manufacturing process, and safety procedures to determine a cost. Request a quote today by completing the manufacturer insurance form below.
Aside from insurance, there are many industry best practices in manufacturing to help reduce risk.
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