Let’s keep you running like a well-oiled machine.
Let’s be honest, the manufacturing industry is a risky one. From working with dangerous equipment, to hazardous chemicals, your day-to-day operations pose a threat to your business. Working with a team of advisors that not only understand the risks of your industry, but that can also help you mitigate your risks through preventative measures, will not only save you money, but could save your business from a major setback.
Products & Coverages
General Commercial Liability
Don’t let a potentially substantial lawsuit be the undoing of all your hard work. Accidents happen, and if one does – having a general commercial liability policy is essential.
Whether you are manufacturing skin creams or fertilizers when you’re in a situation where your product could cause bodily injury, this coverage is essential for your business.
From raw materials to finished product, in the event of a loss replacing or remanufacturing stock could significantly impact your bottom line. Stock coverage will not only insure you against losses but can also ensure that you have the proper limits in place during peak seasons.
Directors & Officers
With every decision they make on behalf of your organization, directors and officers assume a certain level of risk. In the event of an alleged wrongful act, they can be held accountable for the overall financial performance of their organization. What’s more, D&O claims can come from a variety of sources, including financial institutions, shareholders, and regulators.
Employment Practices Liability
In the event that a past, present, or potential employee alleges that they were harmed by your organization’s business practices, such as, harassment, failure to hire, or wrongful termination, this coverage will respond.
Manufacturer’s Errors & Omissions
As a professional chemical manufacturer being precise to meet strict standards is crucial. In the event that you fail to manufacture your product to the specifications contracted, your business could held liable for financial loss caused.
Spills, leaks, and overflows can happen overtime, or suddenly without expectation. These risks can affect your own property, as well as the property of third parties. There are a variety of options available for you to protect your business from the cleanup costs, or other damages.
Equipment Break Down
The loss of a vital piece of equipment could undoubtedly impact your ability to operate your business. This coverage was designed to protect your equipment from losses that are typically excluded under a general equipment policy. Insured items could be anything from your most complicated piece of equipment, to your phones (the lifelines of your day-to-day business operations).
When most people think of insurance, they think about physical assets like their buildings and equipment. If a substantial loss occurs, like a fire burning down your building, it’s great that you have property insurance in place, but all that policy is going to cover is the cost to rebuild your building. What about all the income you’re losing because your business is now closed? Business interruption insurance is an absolute must when it comes to protecting your business from a significant financial loss.
Tools & Equipment
You rely on your business equipment daily to get your work done. The loss of these tools or equipment could significantly impact the level of service you provide your clients.
Whether you have one work truck, or a whole fleet of vehicles, you’ll need to keep these assets insured so that you aren’t left without a ride.
The building that houses your operations is a crucial aspect in the success of your business. Workplace hazards, vandalism, and weather are just some of the many things that can cause significant damage to your building, and the bill to repair can be even more substantial. Protecting your largest assets with an insurance policy can keep your business from a significant financial setback.
Instead of trying to navigate all the different coverage options you have, connect with our team of experienced advisors so we can help analyze your risks and match you with the best protection options for your unique needs.
Most business owners agree, their employees are the lifeblood of their business, which makes the attraction, retention, and most of all the well-being of your employees a top priority. Employee group benefits are an effective way of making sure the hardworking talent you attracted not only continues to work, but continues to work for you!
Do you already have a plan in place? It may just be time for a review. Let our experienced team help make sure your plan is competitive and running smoothly.
Book your free review today.