Insurance for Manufacturing Industry

Tailored small business insurance protects your company from financial risks, ensuring it grows securely. It's not just a cost, it's a smart investment in your company's future.

General Liability Insurance For Manufacturers

  • Manufacturers need general liability insurance to protect against financial issues from customer harm.
  • It covers personal accidents or property damage, though these may be less relevant to manufacturers.
  • General liability is crucial for product and advertising liability, protecting against financial burdens if a product or ad causes harm.
  • It also extends to cover new products and can be purchased alone or as part of a BOP package.

Business Owners Policy (BOP) For Manufacturers

  • Manufacturing companies need business owners insurance (BOP) to protect against asset loss.
  • BOP covers losses from natural disasters or accidents, including repairs or replacements for damaged facilities.
  • It protects internal assets like manufacturing machines, specialized software, and electronics from damage or breakdowns.
  • BOP covers lost income during business interruptions and can provide temporary structures while repairs are made.

Workers Compensation Insurance For Manufacturers

  • Manufacturing companies are legally required to carry workers' comp insurance.
  • Workers' comp covers employees' medical and emergency care for work-related injuries or illnesses.
  • It's a no-fault insurance, meaning employees don't need to prove fault to receive benefits.

Commercial Auto Insurance Policy For Manufacturers

  • Manufacturing companies offering delivery services need commercial auto insurance.
  • It covers company vehicles, staff-used personal vehicles, and rented or loaned vehicles for business purposes.
  • Commercial auto insurance pays for repairs or replacements of vehicles damaged in accidents.
  • It also provides medical coverage for drivers and third parties involved in accidents.