Manufacturing

// What are the

Key risks in the manufacturing sector?

Manufacturing is a diverse industry, and one that is changing at a rapid pace thanks to the effects of technology and globalisation. The risks manufacturers face are complex, and could range from lost production time due to a mechanical outage, fire or supply chain failure, to a product recall due to a defect. In many cases, they will also be specific to what your business manufactures.

Workers’ compensation is also a major risk for manufacturing businesses and cyber insurance is growing in importance as hackers pose a risk to both the mooth functioning of your systems and machinery as well as your confidential business data.

// Who should

Consider insurance?

Insurance for manufacturers covers different manufacturing methods and product types including food, pharmaceutical, clothing, automotive, chemical, electrical, industrial and machinery, and many others. Insurance can protect you and your employees onsite, on the way to work and at work. Having the right cover is essential to help protect your business, your staff and your trading partners.

What insurance should you take out – and what can it cover?

Business pack or Industrial Special Risks

Helps safeguard your business premises and contents against:

Damage caused by fire, storm or accidental damage
Equipment or machinery breakdown
Business interruption
Employee dishonesty
Property or glass damage
Legal issues, such as with public and products liability
Tax audit
Theft, and theft or loss of money.

Public and product liability

Can cover claims against you if it’s held that a negligent act by your business or its products results in personal injury or property damage.

Errors and Omissions cover

Covers liability where there is no personal injury or property damage.

Product recall

Can cover your business against the expense of a recall and provides assistance with crisis management and public relations to restore the reputation of your business.

Cyber

Safeguards against expenses and legal costs if your website or other systems are hacked and your system cannot be used or customers’ details are stolen.

Motor insurance

Takes care of your valuable business vehicles, with cover to help:

If you or your staff damage another person’s vehicle
Repair your vehicle after an accident or replace it if it’s written off
Replace a lost or stolen vehicle
Safeguard you against legal liability.

Management liability

Can protect you against legal action for a breach in relation to an employee.

Workers’ Compensation

Can cover the cost of your employees’ wages, rehabilitation and medication if they become sick or injured through their work.

// Quote

All of the coverage, without the worry

Talk to us today to discuss your business insurance requirements, We offer straightforward advice that will result in peace of mind for you, and a business insurance package that keeps your business covered from all angles. Get in touch by calling