Manufacturing Insurance

Covering your lost revenue when you are unable to operate can make a considerable difference, especially when serious damage caused by an insured peril has occurred that prevents you from opening. If you’re unable to open as a result of certain unforeseen conditions, which can include fires and flood damage, this can help cover the lost revenue as a result.

Integral to any operation within the manufacturing business, your machinery is essential and as such must be considered when creating a policy. Common risk factors involved include accidents, theft and fire-related damage. The cover itself will need to fit your business’s operation, with options available for machinery in transit, hired machinery and machinery breakdown.

Public liability insurance offers cover against property damage or injury caused to a third party or member of the public because of your work. 

For all workers, you will require employers liability insurance, even for part-time, temporary or contract staff. This can assist in covering the costs related to an employee being injured while working for you and any subsequent legal action that may be taken as a result.

Processing food can pose unique sets of risks to employees in particular. Encompassing everything from baking to meat processing the equipment used and work required can vary. Red meat production tends to be the most labour intensive with breaking down the product and preparing by hand still commonplace. Increasingly there is a greater degree of machinery operation required, with more complex systems leading to increased efficiency but an increase in risks related to equipment breakdown. 

• Precision Engineers
• Plastics
• Components
• Automotive Parts

While there is usually less large machinery involved in computers and electronics, there are still risks present to your workforce. For example, some workers who fabricate integrated circuits and other components may be exposed to hazardous chemicals and working with small parts may cause eyestrain.

The creation of specialist machinery for industrial purposes can involve a variety of operation sizes. Depending on the equipment and size of product produced facilities will also vary greatly. 

In the future using high-technology production techniques, including robotics, computers, precision engineers, plastics, components and programmable equipment will give productivity gains. Increasing technology and automation will also reduce the number of unskilled workers needed in the production process, decreasing the chances of injury.