There are many types of commercial insurance that offer protection to businesses whose activities involve manufacturing or processing industrial products in a factory, plant or workshop environment.
The end products of manufactured or distributed goods must be covered correctly under the ‘products liability’ section. This is especially important if products are exported, as cover needs to be extended to include USA, Canada and other worldwide destinations.
The covers which should be considered are: business interruption; buildings and/or tenants’ improvements; business contents; stock; money; public & products liability; employers’ liability; goods in transit; professional indemnity; credit insurance; fidelity insurance; legal expenses.
Insurers will reward well run businesses with reduced premiums and may also offer long-term-arrangement discounts which help to fix costs over a longer period.
For heavy liability risks, insurers will generally arrange a pre-quote survey, so if you are looking to improve your cover and cut costs, please contact us to discuss the best options for your business.