Manufacturers Insurance
Get The Right Manufacturers Insurance First Time Round
Manufacturing businesses face a unique set of risks, from machinery breakdowns and property damage to product liability claims and supply chain disruptions. Whether you manufacture small parts or large industrial equipment, protecting your business is crucial. ABA Insurance offers specific Manufacturers Insurance packages that cover every aspect of your operations, ensuring that your production lines continue running smoothly even when the unexpected happens.
What You Get
Liability
Fleet
Plant
Professional Indemnity
Legal
And more…
What Is Manufacturers Insurance?
Manufacturers Insurance is a comprehensive insurance package designed specifically to cover the risks faced by manufacturing businesses. From protecting expensive machinery and equipment to covering liability claims related to your products, Manufacturers Insurance ensures that your business is protected from a wide range of potential hazards. At ABA Insurance, we provide tailored solutions that cover property, stock, machinery, employees, and more, so you can focus on producing quality goods without worrying about unforeseen events disrupting your operations.
Why Manufacturers Need Specialised Insurance
Manufacturing businesses operate in high-risk environments where any disruption can lead to significant financial losses. Whether it’s a machinery breakdown, fire, or a product defect that leads to liability claims, having the right insurance in place is essential to protect your business. Manufacturers Insurance provides the specialised coverage needed to address the specific risks that manufacturers face, offering protection for every part of your operation. Here’s why specialised insurance is essential for manufacturers:
1. Machinery and Equipment Insurance
Manufacturers rely heavily on machinery and equipment to keep production lines running smoothly. A breakdown or malfunction in any of these machines can cause major disruptions and financial losses. Machinery insurance covers the cost of repairing or replacing damaged equipment, ensuring your business can resume operations quickly.
2. Property and Stock Protection
Manufacturers often store high-value raw materials and finished goods that are essential to the production process. Property insurance protects your manufacturing facility from damage caused by fire, theft, or natural disasters, while stock insurance covers the value of raw materials and finished goods, ensuring you’re compensated if they are damaged or lost.
3. Product Liability Insurance
If a product you manufacture is found to be defective or causes harm to a customer, your business could face significant legal claims and compensation payouts. Product liability insurance protects your business from these claims, covering legal fees and compensation costs, ensuring that a product defect doesn’t lead to financial ruin.
4. Employer’s Liability Insurance
Manufacturing environments can be hazardous, with employees working around heavy machinery and potentially dangerous materials. Employer’s liability insurance is legally required and protects your business from claims made by employees who may be injured or fall ill due to their work. This insurance ensures compliance with health and safety regulations while providing financial protection against employee claims.
5. Business Interruption Insurance
If your manufacturing business is forced to stop operations due to a major incident, such as a fire or equipment breakdown, business interruption insurance covers the loss of income during the downtime. This coverage ensures that you can continue paying fixed expenses, such as wages and rent, while your business gets back on track.
What Makes Us Different
We are specialists in the Construction Industry. We have the expertise and knowledge to get your business the most comprehensive and competitive insurance solution. We add value to your business by working closely with you, helping protect your business from financial loss, all while delivering a seamless easy experience.
Common Challenges Manufacturers Face When Choosing Insurance
Manufacturers face a variety of challenges when it comes to finding the right insurance coverage. Some of the common pain points include:
1. High Equipment Repair and Replacement Costs
Manufacturing machinery and equipment are expensive to repair or replace. Without proper machinery insurance, businesses may struggle to cover these costs, leading to significant production delays and financial strain.
2. Product Liability Risks
If a defective product causes harm or fails to meet safety standards, manufacturers can face costly legal claims and compensation payouts. Ensuring that your product liability insurance is sufficient to cover these claims is essential.
3. Managing Multiple Policies
Manufacturers often need coverage for various aspects of their business, including machinery, employees, property, and liability. Managing multiple policies from different providers can be complex and time-consuming.
How ABA Insurance Solves These Problems
At ABA Insurance, we understand the unique challenges that manufacturers face. Our Manufacturers Insurance packages are designed to provide comprehensive protection for every part of your business, from machinery and stock to employees and liability. Here’s how we address the common challenges manufacturers face:
1. Comprehensive Machinery and Equipment Cover
Our machinery and equipment insurance covers the cost of repairing or replacing your essential machinery, ensuring that any breakdown or damage is quickly addressed, minimising downtime and keeping your production lines running.
2. Product and Employer’s Liability Protection
We offer full product liability insurance to protect your business from claims related to defective products, covering legal fees and compensation payouts. Additionally, our employer’s liability insurance ensures that your business is compliant with UK law and protected from employee claims.
3. All-in-One Insurance Packages
Rather than managing multiple policies from different insurers, we provide a single, comprehensive Manufacturers Insurance package that covers all aspects of your business. This simplifies the insurance management process and ensures that nothing is overlooked.
Key Components of Manufacturers Insurance
1. Machinery and Equipment Insurance: Protecting Your Production Line
Your machinery is the backbone of your manufacturing operations. Machinery insurance covers your essential equipment from damage, breakdown, and theft, ensuring that your production line can continue to run smoothly. Whether it’s CNC machines, conveyor belts, or specialised tools, this insurance ensures that repairs or replacements are handled promptly.
2. Property Insurance: Securing Your Facility and Stock
Your manufacturing facility and the materials inside it are critical to your business. Property insurance protects your building, equipment, and stock from fire, theft, flood, and other damage. This ensures that you can recover quickly from any major incident and continue your operations without financial loss.
3. Product Liability Insurance: Covering Defective Product Claims
If a product you manufacture is found to be faulty or harmful, your business could be held liable for the damages. Product liability insurance covers your business from legal claims and compensation costs related to product defects. This ensures that a single product defect doesn’t lead to financial ruin for your company.
4. Employer’s Liability Insurance: Protecting Your Employees
As a manufacturer, your employees work in potentially hazardous environments. Employer’s liability insurance protects your business from claims made by employees who are injured or fall ill due to their work. This coverage ensures that your business complies with health and safety regulations and is protected from employee-related claims.
5. Business Interruption Insurance: Minimising Downtime Losses
If an incident, such as a fire or equipment failure, forces your manufacturing business to stop production temporarily, business interruption insurance covers the loss of income during that period. This insurance helps you continue paying wages, rent, and other ongoing expenses while your business recovers from the disruption.
Why ABA Insurance Is the Right Choice for Manufacturers
At ABA Insurance, we understand that manufacturers need specialised insurance that covers their unique risks. Our tailored Manufacturers Insurance packages are designed to protect every aspect of your business, from your machinery and stock to your employees and liability. With us, you can focus on running your business with confidence, knowing that you’re fully protected from unforeseen events.
Why Choose ABA Insurance?
Tailored Coverage
We create bespoke Manufacturers Insurance policies based on your business’s size, industry, and specific needs, ensuring that every part of your operation is covered.
Expert Advice
Our team of insurance specialists provides professional advice and guidance, helping you navigate the complexities of manufacturing insurance.
Easy Claims Process
In the event of a claim, we handle the process efficiently, ensuring that your business can recover quickly with minimal disruption.
Cost-Effective Solutions
We work with top insurers to offer competitive premiums, ensuring you get the best value for comprehensive coverage.
Client Testimonials
I cannot recommend this company highly enough. I have been a customer since April 2018 and the service I have received is outstanding. The staff are friendly and extremely helpful. Nothing is too much trouble. I would just like to say an extra thank you to Isabella for her customer service and commitment
Chris Baker
CEO/ Founder
Your Questions Answered
How do I know what level of cover I require?
Speak to one of our expects today who can guide you through understanding the levels of cover limits you may require. Call 01474 833 322.
What does Public Liability actually cover?
In short, this covers any damage you cause to any Third Party Property &/or Persons.
What does Professional Indemnity actually cover?
In short, this covers any claim that can come from any losses you may have caused your client or third party caused by the negligence of your professional services & advice you offer.
What is the difference between (BFSC) and (LOSC)?
A Bonafide Subcontractors is a supply and fit contractor that provides their own tools and materials. A Labour Only Subcontractor is pretty much an employee who you pay on a day rate and is under your supervision, direction & control.
What does Contractors All Risk actually cover?
Also referred to as Contract Works, this covers any damage/losses to your works in progress (on going works).
How can I get a quote from you?
Simple call us on 01474 833 322 and one of the team will assist you through a quick and easy experience.
Who do I contact if I have questions?
If you already have a policy with us, you can contact your account manager or alternatively call us on 01474 833 322 and a member of the team will be happy to help.
Why should I choose ABA Insurance?
We are a specialist brokerage within the Construction and engineering industry which means you only deal with a broker that understands your business. We advise on the best insurance solutions to help you in every way possible from advice, claims handling to any questions throughout your policy.
Who will deal with me at renewal?
The same person you delt with at the start. Our team want to make sure they know you and your business inside out. They are dedicated to you from new business all the way through to your renewal.
One Point Of Contact, Countless Ways To Help.
Get Your Personalised Manufacturers Insurance Quote Today
Don’t leave your manufacturing business exposed to the risks of equipment breakdowns, product liability claims, or property damage. Contact ABA Insurance today for a personalised Manufacturers Insurance quote, and let us help you protect your business with comprehensive, cost-effective coverage.
