Tailored manufacturing insurance for your business. Maximum coverage, minimum cost.
As a manufacturer, your clients rely on you to produce the best products. But if your products end up injuring people, making them sick, or damaging property, you can face the threat of expensive litigation and regulatory penalties. Manufacturers are also prone to staff suffering injuries while building products. Damage to factory equipment and the factory premises can be incredibly expensive to cover without insurance.
With Provide, you can build yourself a tailored policy to protect your manufacturing company. Get comprehensive coverage against product liability, employee injuries/infectious diseases, business premises/equipment damage, and more.
Product liability insurance: Coverage if you are sued for causing food poisoning to clients.
Property all risks insurance: Coverage for risks like fire, water leaks, damage to equipment, etc. Protects your premises, manufacturing equipment, and inventory.
For instance, a fire in your factory breaks and destroys the premises. This insurance will pay for repairing your factory, replacing your manufacturing equipment, and replacing the damaged inventory.
Public liability insurance: Coverage if third-parties injure themselves in your business premises.
For instance, one of your staff leaves a puddle on the floor. A customer slips and falls in your restaurant. They can sue you for personal injury damages and medical expenses incurred.
Work injury insurance: Coverage for employee injuries/infectious disease, including Covid-19 infections.
For instance, one of your staff gets Covid-19 after interacting with customers, and spreads it to all your other staff. This insurance will pay for lost wages while quarantined, medical expenses, and legal expenses if your workers sue you for creating an unsafe work environment.
Damage to manufacturing premises, equipment, and inventory. Fire damage is a major risk for manufacturers.
Injuries to people when in your premises. These people could be clients, suppliers, or business partners – essentially anyone who isn’t an employee. For instance, if a supplier comes to factory to deliver goods and falls, they can sue you for personal injury damages and medical expenses.