Manufacturing Insurance

If you make products in the manufacturing industry, you’ll need a comprehensive Manufacturing Insurance programme.

Manufacturing Insurance can include a variety of useful Insurance covers, but it’s not always easy to tell what’s included and what isn’t.

As Manufacturers are exposed to a number of risks, from stock getting damaged to getting sued by third parties, it's important to fully understand what your Manufacturing Insurance can protect you against.

What can be covered under Manufacturing Insurance

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

Things to look out for on your Manufacturing Insurance

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 Manufacturing Insurance papers:

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:-

  • Understand  the cover you have
  • Understand your options
  • Identify potential areas to improve the cover and the price of your Manufacturing Insurance.
Evans Insurance Brokers – specialists in Manufacturing Insurance