It’s highly likely that any manufacturing business will want to have a comprehensive business insurance package in place. Due to the nature of the work carried out and the machinery often used in the manufacturing industry, there are a number of risks in everyday operation that could potentially pose a financial threat to your business.
For example, if a piece of essential equipment fails then you may need to pay for replacement or repairs, which could be extremely costly - or even unaffordable. Or if an employee suffered an accident at work, your business may need to pay for a legal defence and possibly compensation in the event of a claim.
Manufacturing insurance isn’t actually a policy in itself - it’s a broad term referring to a range of different insurance policies. The policies included in this package will differ for each manufacturing business, as no two businesses are the same or are exposed to the same risks.
Here are some of the core policies you might decide to include in your own insurance package:
Click the link for a public liability insurance quote.
For more information on product liability insurance cost, click the link.
Click the link for more information, such as: how much does employers liability insurance cost?
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