Insurance for a Manufacturing Business?

Manufacturing businesses must make several people happy. Depending on your company’s setup, you may simultaneously have responsibilities to suppliers, partners, customers, and end users. Manufacturing products allows you to satisfy the needs and desires of thousands of people at once. This business is rewarding, but it carries a certain level of risk as well.

Small business insurance comes in many packages that can be designed to fit your manufacturing business needs today and grow with it into the future. It’s not another cost; it’s a wise investment that keeps your company safe from financial pitfalls.

Who needs Manufacturer Insurance?

Any business that produces products or goods needs manufacturers’ insurance. Examples include:

A) Bottling Plants

B) Canning Facilities

C) Clothing & Apparel Manufacturers

D) Computer & Electronics Manufacturers

E) Fabricators

F) Food Mills & Refineries

G) Furniture Manufacturers

H) Meat Packing Plants

I) Mobile Home Manufacturers

J) Plastic Manufacturers

K) Printers

L) Publishers

M) Textile Mills

N)Tobacco Plants

O) Tool & Dye Manufacturers

And more

Manufacturer Insurance you should consider

Most fabricating and manufacturing businesses have a Business Owner’s Policy (BOP). It helps improve the quality of your insurance coverage by protecting your manufacturing business like a homeowners policy protects your home.

By combining three coverages in one, a BOP helps save you money on insurance rates while safeguarding the manufacturing business you’ve worked so hard to build. Comprehensive manufacturer’s insurance is typically made up of:

General Liability insurance, which helps cover lawsuits resulting from an injury or property damage caused by your business. For example, say a customer gets injured by a machine in your shop. General liability can help cover the associated medical costs. This coverage even helps cover claims alleging slander and libel. However, it does not help cover claims tied to the professional services you provide. For those, you’d need professional liability coverage.

Commercial Property insurance to help protect your place of business and the tools you use, such as plastics, injectors, and molds. Commercial property insurance can help cover these tools whether you own them or lease them.

Business Income insurance, which helps cover your lost income if you can’t run your manufacturing business due to covered property damage or loss, like a fire or storm.

Workers’ Compensation Insurance

Apart from manufacturer’s insurance, most states require workers’ compensation insurance. Workers’ comp helps provide benefits to employees for a work-related injury or illness. Some of these benefits include paying:

A) The costs of medical care

B) Wages from lost work time

If your employee’s family sues you for their injury or illness, this coverage can also help cover your related legal fees.

Commercial Auto Insurance

Do you or your employees use personal vehicles to:

A) Meet customers?

B) Attend business conferences?

C) Pick up tools and supplies?

If you do, you may want to consider commercial auto insurance. A business auto policy can help provide coverage that’s not usually included in a personal auto policy. This can help cover you or an employee in an accident involving an owned vehicle used for work.

We know you’re busy. That’s why we’ve made it easy for you to find all the coverage you need in one place. Our team can help manufacturing businesses, like yours, with their insurance quotes today!

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