Manufacturing
Just as with creating a product, we can design and assemble an insurance program to the precise specifications needed by our clients.
The Industry
Manufacturing is a significant economic driver that is impacted by various issues that can impact operations. The industry has many associated risks, from new regulations to volatility in supply chain management, environmental liabilities, to staff shortages and injuries.
Manufacturers are a sector probably more exposed than any other to business interruption loss, as their operations can very rarely shift to temporary locations in the event of damage to their production facilities. For that same reason, boiler & machinery or equipment breakdown coverage is of utmost importance to cover against loss or damage to integral production machinery required to drive revenues.
Manufacturers also must deal with a host of legal liability considerations including Commercial General Liability, Product Liability, Manufacturers E&O, or Pollution risks. We can assess your operations, determine the appropriate coverage required and the necessary limits, to meet both financial objectives and contractual obligations.
How We Help
Our team will help you protect your business and build resilience into your plans for future growth. We work with companies, from new ventures to large manufacturers, to preserve value and reduce the total cost of risk. Our teams create and implement flexible and competitive programs that consider the complex nature of manufacturing. We understand the importance of protecting your business and responding rapidly to changes in the market.
Coverage Considerations
- Property Coverage including Stock & Stock Throughput
- Product Liability
- Pollution / Environmental Impairment Liability
- Manufacturers E&O
- Cyber Risk – Funds Transfer Fraud, Social Engineering
- Equipment Breakdown including Production Machinery