Manufacturing Insurance

Manufacturing Insurance Policy - What's Covered?

Here’s a (non-exhaustive) list of things that can be included under Manufacturing Insurance;
 

- Damage to Buildings, Stock, Computers, Machinery, Plant and Contents

- Loss of income or gross profits as a result of insured damage

- Public Liability

- Products Liability

- Employers Liability

- Equipment Breakdown

- Legal Expenses

- Damage to Stock or goods in transit

- Motor Fleet Insurance

- Directors Liability Insurance

- Professional Indemnity Insurance

Manufacturing Insurance - Things to Know

Manufacturing is a very wide subject, and so its important that your Manufacturing Insurance is tailored specifically  for your business.

You should always seek advice from an expert in Manufacturing Insurance, but here are a few generally things you can look out for in your cover policy:

Business description – this should be as detailed and specific as possible, so as to ensure everything your business does is covered and accepted by the insurers (a provision for ”associated products/activities” is always good, too).

Sums Insured – be sure check that these are adequate, as this could seriously affect any claim payment.

Security requirements – your policy will stipulate the type of security you must have as a minimum.  Sometimes you might think your security arrangements are robust, but if they don’t reflect what the insurance company wants, you could have a problem if you need to make certain claims.

Terms and Conditions – these are all relevant, but the ones you should pay close attention to first and foremost are those that are printed in your policy schedule.  If you don’t comply with these or they restrict cover in an area of concern, you’ll want to check your options.

*** Free review of your Manufacturing Insurance ***

Contact us for a free no-obligation review of your Manufacturing Insurance.

We can help you to:

• Understand  the cover you have
• Understand your options
• Identify potential areas to improve the cover
• Identify where we could lower premiums