Manufacturing industry is very vast. It includes a wide variety of trades each with its own risks and opportunities. Taking practical measures to manage risks and safeguard your business is just as important as strengthening your manufacturing enterprise.
At IC Insurance Solutions, we believe that a comprehensive manufacturers insurance policy is one that protects your business by specifically covering your company, its staff and the items it manufactures.
We understand that no two manufacturing businesses operate the same way. That is why we create bespoke and flexible manufacturers insurance packages, suited to the needs and requirements of your manufacturing business.
What Is Manufacturers Insurance?
Manufacturers insurance is a special type of commercial insurance designed to protect businesses in the manufacturing sector from various risks such as damage to property, liability lawsuits and business interruption.
At IC Insurance Solutions, we specialise in creating customised and comprehensive insurance plans for a wide range of manufacturing businesses.
What Does Manufacturers Insurance Cover?
Our key covers include:
Business Interruption Insurance
Business interruption insurance cover by IC Insurance Solutions can cover your manufacturing business against loss of income resulting from a pre-insured event.
If such an event disrupts the operations of your manufacturing unit or results in temporary closure, business interruption cover will compensate you for an outgoing expense such as rent, wages, bills, loans and mortgages.
Directors and Officers Liability
Directors and officers liability insurance protects the officers and directors of manufacturing businesses from claims by covering legal costs.
Employers liability insurance is a legal requirement in the UK for businesses that hire anyone. Employers liability cover protects your business against injury or loss claims filed by employees.
A periodic service required to ensure that the plant and machinery installed at your inspection unit are functional and safe to use.
Goods in Transit
A special insurance policy designed to protect any merchandise against theft or damage during the packaging or transit phase.
An insurance policy that compensates for the cost of repairs or replacements after machinery breakdown. It covers equipment such as refrigeration units, boilers and pressure plants.
Marine cargo insurance protects any merchandise against damage or loss during transit by sea.
Material Damage Insurance
Material damage insurance consists of a combination of covers that protect a business owner against damage or loss of physical assets such as buildings, contents, stock, equipment, plant, fixtures and installations.
Protects your company’s vehicles in the event of an accident that results in physical damage or injury.
Product recall, a standard risk that most manufacturers face, can have serious consequences for business. Product recall insurance covers the expenses that arise when a manufacturer has to recall a product from the market.
Public and Products Liability
Public liability insurance covers manufacturers against property loss or injury claims filed by members of the public.
Products liability is a special cover that protects manufacturers in case their product causes injury or damage to people or property.
A specialist insurance policy that covers products in transit and storage, all the way to their final destination.
About IC Insurance Solutions
IC Insurance Solutions is a vibrant and enthusiastic insurance intermediary with a passionate team comprising of experienced insurance experts and seasoned brokers. We know the market inside out and our strong partnership with insurance providers enables us to provide comprehensive coverage to you at a competitive price.