What is manufacturing and wholesale insurance?
Manufacturing insurance protects the premises, machinery and stock you need to run a business. It is designed for manufacturers, wholesales and distributors, and will cover you if an insured event disrupts your operations, damages your equipment or causes a disruption to production.
What does manufacturing insurance cover?
- Premises and buildings
- Machinery, plant and equipment
- Stock and raw materials
- Products liability
- Business interruption and lost revenue
- Public and employers’ liability
- Goods in transit
This includes manufacturing liability insurance, which protects you if your products or premises cause injury or damage others.
Do I need insurance as a manufacturing company?
Employers’ liability insurance is a legal requirement if you employ staff. As well as this, by having cover for your premises, machinery, stock and products it protects the assets that are vital for running your business. If a problem happens which causes production to stop, business interruption cover will help you keep trading.
How much does manufacturing insurance cost?
The cost of manufacturing insurance will depend on a mix of things, including your turnover, the value of your machinery and stock, the products your make and the size of your workforce. Our team will help by comparing the market to find the best cover that fits your business and budget.
Speak to our team today to find affordable insurance quotes.