Manufacturing Insurance

Manufacturing Insurance

Running a manufacturing business is a large undertaking with a great deal of commercial exposure. From employee safety to equipment maintenance and ensuring the integrity of your product after shipping, there’s a lot to account for. The right insurance plan can protect you against those risks and more, but manufacturers often have more complex insurance needs than businesses in many other industries. That’s why it’s important to discuss your options with a qualified professional that can ensure your coverage will meet the unique needs of your operation.

What does commercial manufacturing insurance cost?

The actual costs of your manufacturer’s policy will be determined by things like what you produce, the types of coverages you select and their limits. Depending on those factors, it may be required or advisable for you to carry some or all of the following types of insurance:

• Commercial General Liability: General liability protects you from exposures related to your normal business operations. For manufacturers, this should include product liability that covers you in the event of lawsuits related to products you make.
• Worker’s Compensation: Worker’s compensation is regulated differently depending on your state and may provide financial assistance in the event that your employees are hurt while on the job. Fast-paced work paired with heavy machinery means worker’s comp with appropriate limits should be a priority for any type of manufacturer.
• Business Interruption Coverage: Also known as income interruption insurance, this exists to provide your business with income protection if a covered event causes an unexpected halt in production or otherwise disrupts your normal operations.
• Equipment Breakdown Coverage: Maintaining uptime for your equipment and machinery is vital. Equipment coverage can minimize potential loss by helping to pay for repairs and more

Manufacturers in food, chemicals, materials, and other sectors will have wildly varying needs and may want to consider other types of coverage in addition to those listed above. Our service team can connect you with the right carrier that will guide you toward a comprehensive insurance plan that fits your budget. Fill out the quote request form today, and let us get you started with a free consultation to keep your business moving.