Insurance for Manufacturers

Why do Manufacturers need it?

Don’t let a potential safety defect in your products; damage to your assets; or lost production times deflate your business. Protect it against liability claims and other unexpected events. With just a few clicks or a single phone call, you can get multiple competitive quotes from leading insurers. Select your preferred policy and get covered instantly, so you can get back to managing your production line.

Insurance for Manufacturers

Public & Products Liability*

As a manufacturer you are potentially exposed to many financial and legal risks. Regardless of the types of products you manufacture, Public and Product Liability insurance is an important form of cover. It is designed to protect your business against claims relating to personal injury or property damage as a result of your business activities, whether it’s providing a faulty or dangerous product; bodily injury sustained to third parties at your place of business, such as slips and falls; or damage to their personal property.
Tip: if you export goods, check for any territorial limits in your policy for liability claims that arise from overseas markets.

Business Insurance*

Where would your business be without its premises, machinery, equipment or stock? Having the right business insurance will ensure you’re not left severely out of pocket if your business is hit with a few unwanted challenges.

Important cover for manufacturers includes:

• Contents and stock* – protect the contents and stock in your business premises from fire and other perils, accidental damage, vandalism, and theft.
• Building* – protect your business premises should you need to repair damage or rebuild following a fire, storm or other perils.
• Machinery Breakdown* – an essential form of cover if you rely on machinery and equipment to manufacture your products.
• Transit* – cover your goods whilst they are in transit in a vehicle owned or operated by you against loss, theft or damage.
• Business Interruption* – one of the biggest issues manufacturers face is lost production time. Could you survive having to shut down for a few days, weeks or months if your business suffered an insurable event? It could be due to a fire or storm that severely damages your building and equipment, or mechanical failure.
• Employee fraud* – cover for goods or money stolen by employees.

Management Liability*

As a company director or senior manager you don’t want any unwanted surprises that may leave you personally liable. Management Liability insurance will protect your company and your personal assets against legal costs and some statutory fines and penalties in relation to mismanagement, misconduct or statutory breach of duty.