Regardless of your company’s focus, manufacturing operations always involve various degrees of risk. Your business constantly interacts with variables like hazardous raw materials, complex machinery, and a skilled workforce – each harbouring potential hazards. It's here that manufacturing insurance becomes essential. Here’s our comprehensive guide to finding the best insurance packages for manufacturers in the UK.
Manufacturing insurance offers a protective umbrella, shielding your assets from common industrial risks. Whether it's a machinery breakdown, damage to inventory, or a liability claim from an unfortunate accident, such threats can cripple your business operations. With the right insurance, you mitigate these threats and ensure smooth operations.
Your workforce forms the backbone of your operations. Their safety is paramount. Manufacturing environments, inherently risky, need diligent safety measures. Sufficient employers' liability insurance serves as both a legal requirement and a crucial safeguard.
In the wake of an accident leading to employee injury, this cover shoulders the weight of potential compensation claims. It not only maintains the legal sanctity of your business but also reassures your employees of their safety at work.
In essence, consider manufacturing insurance as your business's fortress, standing guard against a multitude of risks your industry faces every day. With IC Insurance, the fortification is thorough, assuring you of a hassle-free, safe, and efficient manufacturing journey.
Our mission is to safeguard your manufacturing processes against industry-specific risks with the effective insurance packages we source. Below are some of the coverages we include in our tailored manufacturing insurance packages.
Your manufacturing premises hold the key to your operations. Damage, unintentional or otherwise, can halt production. The Business Property insurance we source acts as your first line of defence. It shoulders the financial impact of repair or replacement, ensuring you resume operations swiftly.
We champion adequate protection for your bottom line. Our Business Interruption Insurance covers income loss due to disaster-related facility closure or reconstruction. It steps in when your production halts due to an unexpected event. This ensures you maintain the financial stability necessary to keep your business afloat, preserving jobs and keeping stakeholders at ease.
Manufacturing businesses bear the weight of public trust in their products. If a product causes harm or damage, it's your responsibility. Product Liability insurance provides much-needed backing here. If your product leads to third-party injuries or damages, we've got you covered.
An incident on your premises can injure visitors or staff. The legal and compensation costs can escalate rapidly. IC Insurance delivers peace of mind with the public and employer liability insurance packages we source. These coverages defend your business against claims that arise from third-party injuries or damages in your commercial space.
These core insurance options focus on all corners of your business, but there are additional options available that will protect your business from events specific to manufacturing operations. At IC Insurance, we fortify manufacturers with comprehensive, tailored insurance coverage. Here are some additional options that benefit your business significantly.
Raw materials form the heart of manufacturing operations. Their damage can lead to significant production delays and financial losses. Raw Material Damage Insurance protects you from these unforeseen expenses. With this shield, your manufacturing process becomes resilient and capable of withstanding raw material damage without derailing your budget or timelines.
Modern manufacturing leans heavily on sophisticated equipment. If your crucial machinery breaks down due to reasons like power surges, motor burnout, or operator error, it impacts your manufacturing timeline. Our Equipment Breakdown Insurance covers these unexpected breakdowns. It extends to a wide spectrum of equipment – from manufacturing assemblies to computer systems – ensuring your business operations continue unabated.
These tailored coverages offer robust protection to manufacturers. They serve as a rampart, helping your manufacturing unit weather the unpredictable storms of industry risks.
We view each client through a unique lens. We craft our coverage to match your manufacturing needs, optimising protection in a highly tailored manner.
Uniform policies often overlook individual nuances. We counter this with customised packages. Our insurance plan respects your business's idiosyncrasies, ensuring every risk area receives due attention. We optimise coverage to provide maximum benefit. Our approach considers your specific challenges and designs strategies to address them effectively.
Our insurance brokers in Bolton serve as your dedicated guides on the insurance journey. They carry invaluable industry experience and a deep understanding of manufacturing risk.
At IC Insurance, our brokers dedicate themselves to mastering the manufacturing insurance landscape. They prioritise your business needs, blending their skill with our comprehensive solutions to lay a robust safety net for your operations.
Contact us directly and benefit from our team's vast knowledge as they source the most appropriate insurance solution for your manufacturing business for you.
