You need manufacturing insurance to protect your investment, assets, and any misfortune if you own a business. If your company produces products or goods, you need manufacturer’s insurance.
Manufacturing involves extensive and complex processes, which requires special insurance to protect against the wide variety of daily operational risks. No two businesses are alike, and for that reason, your manufacturing insurance needs to reflect the individuality of your business. A manufacturers insurance program can protect against damage to your property or equipment, injuries or illnesses suffered by customers and employees, and business interruption.
Comprehensive coverage includes the following:
Equipment insurance provides coverage for damage or loss to the equipment you use in the course of your business. This policy can also cover small tools, employees’ equipment, as well as borrowed equipment.
Commercial Auto Insurance
Commercial Auto Insurance covers the cars, trucks, and vans used in conducting your business. Commercial vehicle insurance is a policy of physical damage and liability coverages for amounts, situations, and usage not covered by a personal auto insurance policy.
Property Insurance protects your business’s physical location and equipment. Also known as commercial property insurance, this helps protect your business property, whether you own it or rent it.
Liability Insurance can safeguard a manufacturing company’s income and assets against everyday risks, such as an injury. For example, when an accident happens, liability insurance pays for bodily injury, damage to someone else’s property, as well as legal expenses.
Workers’ Compensation Insurance
Workers’ Compensation Insurance is a mandatory type of insurance. This insurance covers medical costs and a portion of lost wages for an employee who becomes injured or ill on the job. It also protects your business from being sued by employees for workplace conditions that can cause an injury or illness.
Business Income Insurance
Business Income Insurance, also known as business interruption coverage, helps cover lost income and additional expenses when your business is shut down from a covered loss.
Crime Insurance protects against financial losses related to fraud, or theft, including losses from dishonest employees. Recall Insurance is indispensable if you sell products commercially. This insurance covers your business from the expenses incurred by a recall, such as customer notifications and shipping costs.
Cyber Insurance is a necessity to protect sensitive business information from a data breach. Cybercriminals are busy trying to access your confidential information, such as social security numbers or credit card information. Cyber insurance helps with the losses of a cyber-related interruption to business and provides both forensic support and legal help.
The insurance specialists at the Charles Leach Agency work closely with you to find the most appropriate insurance solution that’s tailored to your unique needs. Call us today at 1-888-275-3224!