Insurance can provide coverage to manufacturer from day to day risks or damages in the process of manufacturing any items or goods or other things. It provides the coverage for liabilities, assets and property, and cover is provided for your equipments, tools whether they are stolen or lost.
Following options are covered by this:
Product and public liability: This is provided by insurance policy. Insurance company provide protect from legal liability to pay compensation, claimants costs, expenses due to accidents like physically injury any person, damage or loss to material property arising in connection with the business.
Employers liability: Your manufacturing business is insured by employers liability insurance against legal liability for damage, loss, disease or damage occurred to an employee and these are caused due to their course of their employment.
Property damage: Property may be machinery, portable equipment, stock, contents, buildings, etc. suppose any thing the property damages or destruction occur because of any unforeseen incident or any losses are occurred then it will be covered by insurance policy.
Business interruption: The machines which you use in the process of manufacturing will suffer in the cases of break down from long time wear and tear. Your business can be disrupted by machine failure and loss of income is lead by this. Cover for any expenses are provided by business interruption.
Goods in transportation: If any damage occurred to goods in the process of transportation with in the territorial limits then it may cause loss or damage then these are covered by this insurance policy.
