Three Key Insurance Coverage For Manufacturers
The amount of risks associated with the manufacturing industry is unlike most others. As you search for manufacturers insurance coverage, here are three key options that you should expect to include in your policy to guard against these risks.
General Liability Insurance
General liability protects you against lawsuits in which third-party claims to have sustained an injury or property damage because of your business. An example where this would come into play is if a potential client suffers an injury while touring your operations.
Property Insurance
Property insurance protects everything that goes into making your business run. As seen on https://www.dsayles.com, this can include your building, equipment, furniture and digital property. If they become damaged or lost due to a covered peril, your policy would cover the costs to repair or replace them.
Workers’ Compensation Insurance
The specific requirements for workers’ compensation will depend on the state where you operate, but it is a highly recommended coverage regardless of your state’s regulations. Its purpose is to provide payment towards the medical and rehab expenses for an employee who’s injured on the job.
Other coverages are available to protect your operations end-to-end depending on your needs. Work with an agent who understands those needs to build a policy that’s right for you.
, posted on September 21, 2019 Saturday at 2:39 pm