Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
When your equipment fails, the productivity of your business is affected. That is why equipment breakdown insurance is very important. This insurance covers the cost of the repair or replacement of equipment when the equipment suffers the breakdown of any cause including a power surge, electrical issues, and mechanical breakdown of the equipment.
Business Interruption insurance covers the loss of income that your business encounters due to a disaster-related closing of the business. The insurance will pay for the loss of income due to the business interruption event, the extra expenses because of the interruption, and the cost of moving to a temporary location.
Professional Liability insurance protects your professionals from defense and court costs when your professionals have caused mistakes relating to professional service, advice offered, or failure to perform the contracted work.
General Liability insurance protects your business from the risk of liabilities including third-party property damage, third-party personal injuries, third-party bodily injuries, personal injuries, libel, slander, advertising mistakes, and other related incidents. The insurance will cover the cost to defend your business including out-of-court settlements.
Businesses in the Wood Manufacturing Industry produce many different kinds of wood products. These products include wood containers, caskets, custom designed interiors, lumber, wood structures, panels, door and window units, and furniture.
Running a business comes with inherent risks. These risks could be disastrous to your business and with insurance, your business and even your financial assets are protected. With the right insurance, you can achieve peace of mind and focus your attention on what you do best.
Below are the common risks wood manufacturers can face:
Your wood manufacturing equipment suddenly malfunctions due to an electrical breakdown.
A storm has destroyed your property and your wood manufacturing production has consequently been put on halt.
There is no fixed cost of insurance for wood manufacturers as the cost relies on the size of your business, the number of employees you have, and the coverage needed. Without taking these into account, below is the average cost of insurance for your business:
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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