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Insurance For Manufacturers
Manufacturers Insurance
Manufacturers tend to run into a number of risks day to day. From your staff suffering an injury to a machinery you rely on becoming damaged – all that can be expensive. But with the right insurance for manufacturers in place you can save yourself the worry that if something happens that’s out of your control, you won’t face severe financial consequences. With East Yorkshire Insurance Brokers (EYIB) by your side, you can get the right cover you need to protect your business.
Trusted by 250+
Local Businesses
Access To Over 300
Insurance Markets
Our Clients Rate
EYIB 4.9/5 Stars
Trusted By 250+ Local Businesses
Access To Over 300 Insurance Markets
Our Clients Rate EYIB 4.9/5 Stars
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What Is Manufacturers Insurance?
What Is It?
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Why You Should Choose Us For Your Manufacturers Insurance
Why Choose EYIB
Years of Experience
John (our MD) has experience that spans over 15 years, so you can trust that we know what cover you need for your manufacturing business.
Proven and Trusted
More than 250 local businesses trust us in including those sorting their manufacturing insurance – we’ve got the expertise to get you what you need.
Extensive Network
Our access to 300+ insurers across the many areas of insurance that we advise on means that we’ve got the connections to provide you with the appropriate protection every time.
Years Experience
Local Businesses Insured
Insurers
Our Insurance Partners
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What Manufacturers Insurance Covers
What’s Included?
Stock insurance
Any stock your manufacturing business holds could be damaged if there’s a fire or flood and this could be expensive to replace if you don’t have stock cover in place. Stock insurance will also cover stock from accidental damage.
Buildings insurance
The premises you operate out of are crucial to you being able to carry out your work. Since the nature of your work involves using electrical equipment, a fire could easily break out that could damage your building. But with building insurance the cost of repairing the premises will be covered so you can get back to business as usual.
Buildings insurance
Machinery and equipment cover
Manufacturing businesses may use cutting machines, conveyor belts and CNC machines that are expensive but you can’t work without them. If there’s a leak that leads to water getting into the machines; this would cost a lot to replace. With machinery and equipment insurance, you don’t need to stress as this will cover the cost.
Business interruption
If your building or equipment is damaged and you can’t continue normal operations then business interruption insurance is for those instances and will protect your finances in cases where you have to shut down temporarily, giving you peace of mind that when disaster strikes, you can remain operational.
Business interruption
Goods in transit
Goods in transit insurance is for manufacturing businesses that transport goods. If they become damaged while on the road this insurance for manufacturing companies covers the cost of replacing damaged goods.
Product liability
If the products you make end up being faulty or they cause damage to a third party or their property; you could be liable. Product liability covers the medical bills and legal costs if something like this happens.
Product liability
Public liability
You’re responsible for suppliers or visitors that come to your premises. If one of them has an accident or their property gets damaged because of your work, then you would be liable and may have to pay out for their medical expenses and any legal costs. Public liability insurance will cover this so you can rest assured that if an accident does happen, you’ll be protected.
Employers liability
Under UK law, you need to have employers liability in place if you have anyone working for you. You’re responsible for your staff’s health and safety and there are many risks in this line of work. If one of your employees is injured on the job or gets sick because of the work they’re carrying out, employers’ liability will cover the cost of any claims made against you.
Employers liability
How Much Does It Cost?
How big your manufacturing business is, how much equipment you use and how many staff you employ are all factors that will impact how much your manufacturing insurance policy will be. Every business is different. But by getting in touch with us we can provide you with a free insurance quote and make sure your cover is accurate.
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How Much Does Insurance For Manufacturers Cost?
How Much Does It Cost?
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Do I Need Manufacturers Insurance?
Do I Need It?
Because of the nature of your work and the machines you use, you can be more prone to accidents happening on your premises. If this happens you could be liable. Without proper manufacturing insurance this could be detrimental to your finances. Since manufacturing businesses rely on expensive machinery, if this gets damaged you won’t be able to work and the cost to replace this equipment could be huge. You can’t always prevent these risks. That’s why you will need insurance for manufacturing companies so that if an unforeseen event occurs, your business can continue to run.
Example Of How Manufacturers Insurance Would Work
Jim’s business manufactures metal parts; to do this his business heavily relies on CNC machines and couldn’t operate without them. Jim didn’t predict a pipe bursting in his facility that caused significant water damage and led to a couple of his CNC machines breaking. This would cost thousands to replace and Jim can’t afford this financial setback. But luckily Jim doesn’t have to as he took out insurance for manufacturers that included machinery and equipment cover. The insurance paid for replacing the machines that were damaged along with the loss of income following being unable to trade, meaning that Jim could get back to running his business as normal with minimal downtime.
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More Potential Claims That You’ll Need Manufacturers Insurance For
Manufacturers Claim Examples
One of your products is faulty and ends up injuring someone. Product liability insurance for manufacturers could cover compensation claims made against you as well as any other legal costs.
A fire breaks out in your facility and severely damages your facility. Building insurance covers the cost of repairing the damage to your premises and business interruption compensates any loss of income while you are dealing with the damages.
What Our Clients Think
John was amazing—friendly, patient, and full of great advice. He really took the time to understand our charity and made sure we got exactly the right insurance. Highly recommend East Yorkshire Insurance Brokers
Billy Dasein
East Marsh United
Sarah provided excellent service, taking the time to review our sums insured and ensure everything was accurate. She pointed out gaps in our cover we weren’t aware of and explained everything clearly. We feel much more confident now. Highly recommend East Yorkshire Insurance Brokers!
Connor Hewson
Assured Marketing
East Yorkshire Insurance Brokers have looked after our insurance for several years, and we’re always impressed by the great service they provide. They’re professional, reliable, and always find us a competitive deal. Couldn’t ask for better!
Jason Kay
H2MO Limited
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Introducing Your Manufacturers Insurance Broker
Your Dedicated Insurance Broker
Meet John, your insurance broker who’s dedicated to getting the most accurate insurance for manufacturing companies. With John’s impressive experience in the industry (over 15 years) he has an in-depth understanding of what risks your manufacturing business is likely to face and what cover you will need. He will take the time to talk you through everything so you understand what the policy is for to appropriately protect your business. Don’t leave it too late. Give us a call and ensure that your business is covered today.
What insurance does a manufacturing business need?
A commercial combined insurance policy will include everything you need. Normally this will include public/products/employers’ liability and insure you against theft or damage to contents, stock and expensive machinery.
What insurance does a manufacturing business need?
What does manufacturer insurance cover?
Normally cover will include a minimum of £2 million public/products liability insurance and a £10 million employers’ liability.