Manufacturing is one of the broadest areas for insurance to cover. Not only are you taking a typically raw product and turning it into something unique, there are usually many suppliers and other stakeholders involved in your process. That’s right…your process and your product. There is a large exposure to being joined in a legal battle because of a simple error generated by an outside supplier or contractor.
Customers have been trusting their manufacturing businesses with us for very good reason. We have demonstrated a solid commitment to working with our customers to understand their business. The understanding we gain allows us to provide the right advice to you and protect your investment and therefore your future.
Manufacturers commonly require the following classes of insurance:
- Business Interruption
- Public and Products Liability
- Errors & Omissions
- Tax Audit
- Machinery & Equipment Breakdown
- General Property or Tools of Trade
- Marine Transit
- Corporate Travel
- Professional Indemnity
- Management Liability
- Trade Credit Cover
- Worker Compensation
- Life Insurance
- Trauma Insurance
- Income Protection
- Key-man Insurance
- Business Expenses
- Motor Vehicle
What about product recall and recall expenses? If there are no physical losses due to the product, can a faulty product be covered for its recall? Can the costs of that recall be covered?
Allow us to show you what exposures can be covered and how we can help you to navigate this insurance minefield to source the right cover for you.