Don’t let your products manufacture a huge loss for your business
Do you find yourself worried about the liability from the products you manufacture? It’s a valid concern. Unless you have a professional independent agent, like Huff Insurance, it is difficult to understand the details of a great manufacturer’s insurance policy.
As the owner of a manufacturing business, each product that comes through the assembly line represents you.
Have you heard stories of kids being trapped in the rails of a cribs and then suffocated? Or the pool filters which were trapping kids feet in the filter and causing injuries or even death?
Yes these are the most severe cases. People are injured by thousands of products everyday. Once the product is sold, you can’t control how it is used. But the liability stays with you
Manufacturers insurance should include general liability insurance to protect you from product liability lawsuits. The following should also be included to make it a comprehensive plan:
- Equipment Breakdown Insurance
- Property Insurance Protection
- Business Income Interruption Insurance
- Umbrella Liability Insurance
- Employee Dishonesty Insurance
- Employment Practices Liability Insurance (EPLI)
- Workers Compensation Insurance
- Cyber Liability Insurance
Some big weaknesses that we see in manufacturing insurance plans are:
- Lack of products liability insurance
- Lack of, or inadequate equipment breakdown insurance
One of the biggest risks a manufacturer will face are lawsuits from the use of their product. You see product recalls all of the time on the news. Or you see the attorney commercials asking you to join the class action lawsuits due to the faulty performance of a manufactured product. The right manufacturers insurance program will make sure you have coverage for these situations.
These perils may not be automatically provided on your generic general liability policy. You may be able to purchase this valuable coverage by either adding it to your existing policy via endorsement or by purchasing separate insurance policies to cover the risks.
Get started right now!
- The sooner you begin, the sooner your business will be properly protected.
- It’s easy! Simply fill out this form. We’ll get back to you with quote on a manufacturers insurance policy designed specifically for your needs. We understand that every business is different. That’s why we will put together a business insurance plan that fits your specific needs.
Huff insurance is a Trusted Choice Independent Insurance Agency in Pasadena, MD. We can work with you to discuss your manufacturers insurance needs and to provide you with the right coverage at the right price.