More than just insurance
Manufacturing Insurance
As a manufacturing business, you face a unique combination of risks and obligations. We can help you understand and manage your risks and find the right insurance for your needs at a competitive premium. We have many years’ experience of working with clients in the manufacturing sector.
What insurance does a manufacturing business need?
Your exact insurance requirements, will of course depend on the nature of the business, what you manufacture and who you sell it to. The core elements of cover are typically as follows:
- Material Damage cover for any buildings, business equipment and stock you may have.
- Business Interruption, to protect against loss of revenue, following a claim under your Material Damage cover.
- Public and Employers’ Liability to protect the public and your employees in the event of an injury or financial loss.
- Product Liability to cover liabilities arising specifically from the use of your products by a third party.
- Engineering and Equipment Breakdown cover for any critical machinery involved in the manufacturing process.
You might also need any or all of the following covers:
- Motor Fleet cover for any commercial travelling or delivery vehicles
- Goods In Transit cover to protect agsinst loss of, or damage to products during delivery
- Personal Accident cover for any staff travelling on business
Depending on what you manufacture, you may need further specialist covers, such as Environmental Liability or Contamination Insurance. We will ensure that we understand your business fully, so we can recommend and arrange the appropriate cover for your needs.
How we can help with your Manufacturing Business Insurance
We’ve helped many businesses with their insurance requirements since 1924, including many manufacturing businesses. Now, as part of the JMG Group, we’re a top-30 UK insurance broker. Our strong relationships with insurers – including those with widespread experience of the manufacturing sector – help us to find you the right cover at competitive premiums.
In the event of a claim, we would work closely with you and the insurers to help settle it to your satisfaction. Our aim is to help you settle the claim promptly and minimise downtime in the manufacturing process.
What else do you need to consider for Manufacturing Business Insurance?
Your liability insurance will need to be very carefully arranged if you export goods to other countries, especially USA and Canada. If a claim should arise, it may lead to legal action in another country, which can be costly and complex. We can work with you to understand exactly where your products are sold so that we can be sure that your liability cover is arranged correctly.
Health & Safety plays a central role in the success of a manufacturing business. Because it involves working with machinery and movement of goods, it’s essential that you do all you can to prevent accidents and injuries.
Our group company, Risk Support Services, provides specialist Risk Management advice and training, delivered by experienced industry specialists. We can help you create a positive culture of Health & Safety to help you take a more proactive role in helping to avoid accidents in the workplace.
Contact us to discuss your Manufacturing Business Insurance
If you’d like to arrange a quote, or simply to discuss your Manufacturing Business Insurance, contact our Liverpool office or our Gloucester office and we’ll be happy to discuss your requirements with you.