Compare Business Insurance Quotes for Manufacturers
Without your factory or manufacturing plant you simply don’t have a business – which is why insurance for a manufacturer is crucial to protect against devastating losses such as a fire, flood or theft.
Our tailored business insurance for manufacturers will protect buildings (or tenants improvements for leased premises), plant and machinery, business contents, computer and electronic equipment as well as stock and materials. If you own a fork lift truck - we can cover that too!
In addition, policies will cover your legal liability risks in the form of public and products liability as well as employers liability insurance for your staff.
Your dedicated business insurance advisor will help you understand the various cover options before comparing quotes from our panel of leading insurers, helping you find the right cover at the right price.
What Are The Main Insurance Risks for a Manufacturing Business?
Aside from the obvious protection of buildings, stock, machinery and contents, chances are, your factory has employees, in which case you are required by law to purchase employers liability insurance. Employers liability provides cover for legal costs and compensation payments following claims by an employee for injury or illness sustained as a result of their employment with your firm.
Employers liability claims have grown over recent years, in part, driven by today’s compensation culture. Multiple claims for hearing loss due to excessive long-term noise levels and white finger claims from machine vibration are now commonplace. All of which puts an increased focus on risk management and robust health and safety programmes.
Products liability insurance is also a key component for manufacturing firms. Products liability provides protection against claims from members of the public who have suffered injury or illness as a result of a product you have supplied or produced. Whilst the part you are manufacturing may only form part of the complete product, you could still be pulled into expensive litigation that can take months or even year to unravel.