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Industrial Manufacturers Insurance

Whether you’re making children’s toys or industrial equipment, working in manufacturing isn’t without its risks. From complex machinery to hazardous materials, manufacturing environments have lots of potential for accidents – and that’s before the products leave the factory. If you run a manufacturing business, you’ll be needing specialist manufacturers insurance that covers you for the risks particular to your kind of manufacturing. Here are some of the things to bear in mind.

Liability insurance

Like it or not, accidents happen, so as with any business, you’ll need to make sure your policy includes various types of liability insurance. Public liability insurance is there if you’re sued by a member of the public as a result of injury or damages caused on your premises, while professional indemnity insurance is for if you have a claim brought against you as a result of loss incurred through a mistake your business has made.

Employers liability insurance is a legal requirement if you employ staff, as it will cover you for legal fees and compensation if a member of staff is injured while they’re working for you. You should also take out product liability cover for accidents or injuries that may arise to customers or members of the public as a result of your products after they’ve left your production line.

Protecting your premises, machinery and stock

Just as you would insure your own home, you’ll need factory and buildings insurance to cover your premises in the event of fire or other kinds of damage. Your business couldn’t exist without the machinery and tools you use, so it’s vital to take out an insurance policy that covers you if it’s damaged, lost or stolen. Similarly, raw materials and stock would be costly to replace if they were lost, stolen or damaged, so this should be covered by your manufacturers insurance policy as well.

It’s not just the cost of fixing or replacing machinery that’s broken down or been damaged or stolen; you need to consider the impact it would have on your business continuity and revenue and ensure that you have adequate cover to protect you. Business interruption insurance will give you the peace of mind that your livelihood will be protected should the worst happen.

Get a tailored manufacturers insurance quote now

Contact our business insurance experts today and find the right manufacturing insurance for your business. Complete our Get a Quote form and we’ll get back to you with a no-obligation quote that’s tailored to the needs of your specific kind of manufacturing. Alternatively, give us a ring on 0800 078 7003 (or 0300 600 0603) and talk with one of our business insurance experts about the cover you need for your business.