The complex range of risks associated with working in manufacturing, means that sourcing an insurance solution designed for your business can prove challenging. Our manufacturing insurance specialists aim to meet that challenge for you.
Depending upon the nature of the processes involved, your day to day business will face many challenges. These may include costs associated with the breakdown of custom made machinery, the fluctuation in currencies for imports and exports, health and safety of your workforce and the public as well as the more usual risks of theft, fire and flood.
So, as well as your day to day business insurance such as buildings, business interruption, theft and goods in transit, our team of manufacturing insurance experts will work with you to understand the intricacies of your business, selecting from a diverse range of products to assemble a solution that's a fit for your needs.
Typically, manufacturing insurance can cover your buildings, machinery, stock and raw materials, as well as your clients, your staff, and any other trading activities. J & V Risk Solutions also ask their clients to consider associated covers like cargo insurance.
Cargo Insurance is required by any business that manufactures, buys or sells finished products, components or raw materials.
Cargo insurance covers all risks of physical loss of or damage to goods during transit, imports, exports and domestic or foreign carriage, including any incidental storage.
Storage outside the ordinary course of transit can be added as an extension to a cargo insurance policy where both purchases and sales are covered, commonly known as a 'stock throughput'.
Terrorism cover is an extension. War risks are only covered during sea or air carriage.
Companies that have directors or key managers, directors' and officers' liability insurance can cover the cost of compensation claims made against them by shareholders, investors, employees, regulators or third parties.
Directors and officers have specific duties, responsibilities and powers relating to their positions. These are usually set out in their job description or terms of reference. If a director or officer of your company is found to have acted outside of their terms of reference, civil, criminal or regulatory proceedings can be brought against them.
Directors' and officers' liability insurance covers the cost of defending these proceedings, as well as any compensation costs that arise from an unsuccessful defence.
Whether you're manufacturing curtains or cabinets, handbags or household goods its all food or drink to us as we understand the covers you need from your manufacturers insurance to ensure you have complete protection. So, whatever your manufacturing insurance requirements we can help, speak to one of our experienced business specialists for advice today.
Manufacturing insurance is designed to incorporate a number of covers to ensure comprehensive protection for your business. Manufacturing businesses are never the same and each comes with its own complexities and risks. Manufacturers insurance can be tailored to your individual business needs - making your insurance as unique as your business is.