manufacturer insurance

How Manufacturer Insurance Protects Your Business

As the owner of a manufacturing company, you know how important it is to protect your property, employees and other assets. That’s why it’s crucial to have an excellent manufacturer insurance plan to prepare you for worst-case scenarios.

You can custom design your insurance policy to include any of the following:

  • General liability
  • Property insurance
  • Workers’ compensation
  • Commercial auto
  • Errors and omissions
  • Equipment breakdown
  • Executive liability
  • Foreign liability

General liability, property insurance, commercial auto and equipment breakdown are usually included in a comprehensive plan to cover to the cost of injury, theft, damage, vehicle collision and production downtime. Workers’ compensation is required by law, but you can extend your policy depending on the inherent risks of your business operations.

In today’s global market, foreign liability is increasingly important to protect employees, inventory and other assets in foreign countries. This includes business trips for meetings, transporting goods and product liability claims outside of the United States.

Select the Right Plan for Your Business

Finding the right plan to fit your business needs isn’t as challenging as it may seem. Simply call your manufacturer insurance provider and describe the nature of your business. Your provider can give you a list of options, and you select the types of coverage you want. Keep in mind, you can always add extra insurance to your policy as your company expands.