Insurance for Manufacturers
Manufacturing is vital to the economy of North Carolina. The Phoenix Company is honored to partner with businesses throughout the Southeast and the U.S. to offer comprehensive manufacturing insurance plans that meet the needs of each business. We help business owners find general liability insurance for manufacturers, business owner’s policy, commercial property insurance, and more to protect their manufacturing businesses.
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Does my business need manufacturing insurance?
Insurance for manufacturers protects business owners from property damage, equipment breakdown, employee injuries, customer liability, cyber problems, and other problems that might arise in the facility, with labor and with the public. All manufacturing companies should carry insurance, and this type of coverage is especially suited for:
- Metals and plastic fabrication
- Canning and bottling facilities
- Computer and electronics manufacturing
- Textiles, apparel and clothing manufacturing
- Fabricators for all types
- Printers and publishers
- Food handling, packaging and meat packing facilities
- Tool and die manufacturers
Complete insurance coverage for manufacturing companies
Manufacturers and fabricators should carry various types of insurance to protect their business, its products, its equipment and its employees. Types of manufacturing insurance coverage include:
- Business Owner’s Policy: This policy is the overarching policy business owners need to fully protect the equipment, people and business they’ve built. BOPs combine the following coverage options to provide complete coverage for manufacturing facilities.
- General Liability Insurance for Manufacturers: This type of coverage protects your business against lawsuits and medical claims from employees and customers related to your facility or equipment. It does not cover problems from professional services (that is covered by business liability insurance).
- Commercial Property, including Commercial Auto: This coverage covers breakdowns, malfunctions and problems with your equipment, machinery and tools, whether you own or lease them. Commercial auto insurance offers additional protection for company vehicles.
- Business Income / Business Interruption Insurance: This coverage helps your business recover lost income due to interruptions from property damage, loss or other factors.
- Cargo Insurance, including Marine Cargo Insurance: This important insurance covers your products from damage, loss or theft while they’re in transport or on cargo ships. Different companies and regions have different types of protection for their goods, but cargo insurance ensures that your products are covered no matter what happens or where it occurs.
- Transportation Insurance: Like cargo insurance, this coverage protects your products when they’re being transported in any way, including by land, sea or air.
- Supply Chain Insurance: This type of coverage protects manufactured products and equipment from non-physical damage that disrupts the supply chain your products depend on. This may include business interruption, disruption or delays in tools you require, supplies, materials or anything that prevents your manufacturing business from operating.
Manufacturing insurance is an important part of running your business, so you need an independent agent that will work with you to find options to address your insurance requirements that fit within your budget.
Contact The Phoenix Company today to find comprehensive manufacturing insurance for North Carolina and beyond.
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