From a reliance on key plant to supply chain management, the manufacturing and engineering sectors are faced with numerous ever evolving business risks. Losing key plant or buildings can bring you to a standstill and the injuries that can be sustained by employees could both hamper business and incur fines and penalties. It is therefore understandable that knowing that your insurance programme has been tailored to your needs gives you the confidence to focus on business growth and development.
Insurance for the Manufacturing and Engineering sectors today
Due to the manual nature of the sector and the prevalence of complicated or hazardous processes, insurers continue to scrutinise manufacturing and engineering companies far more than most other trades. That said, insurers remain competitive in 2009 but it is widely accepted that when, not if, insurance rates start to climb and insurers become a little more selective over the next twelve months, the engineering and manufacturing sector may be one of the first hit. The involvement of an expert to arrive at the right insurance risk management programme at a competitive price will become essential.
Types of manufacturing and engineering insurance
Whatever your requirements and size of organisation - from full production to fabrication - we will work with you to ensure that your engineering or manufacturing business is appropriately covered. Although we provide a bespoke service to all of our clients, below are examples of the types of cover that could be included within your business insurance package:
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Property Damage and Business Interruption
- Goods in Transit and Marine Cargo
- Engineering Inspections and Insurance
- Employers Liability
- Public and Products Liability
- Professional Indemnity - for negligent advice or design
- Directors and Officers Liability
- Motor Fleet
- Contractors insurance for installations