Manufacturing Insurance FAQs

What is manufacturing Insurance?

Manufacturing Insurance is cover for companies who operate in any kind of manufacturing industry.  There is a range of covers than can be taken out to form a combined policy to insure different aspects of a business.

Cover options include Employers Liability, Public & Products liability, Buildings and Contents insurance, Business interruption, Machinery, Stock, Engineering Inspections, Cyber, Directors & Officers and more.

What does manufacturing insurance cover?

Manufacturing Insurance can cover anything from a company’s employees to the machines they operate to create products.  Every manufacturing business that employs requires Employers liability insurance by law.  Public and Products liability insurance are other must haves to provide protection for costs of compensation for injury caused by a faulty product.  You can also get cover for Business Interruption, Buildings and Contents, Machinery and Stock.

How much does manufacturing insurance cost?

Manufacturing insurance can cost anything from a few hundred pounds to hundreds of thousands of pounds depending on the size of a business and the level of risk involved in the businesses activities.  The amount of employees, turnover, stock, machinery used, location and previous claims experience can all affect the size of insurance premiums.

As a manufacturing company, do I need insurance?

Manufacturing companies require insurance to cover Employees (Employers liability), Products (Products liability), buildings, contents, stock, machinery, raw materials goods in transit and many other aspects that make up a manufacturing business.

What does a manufacturing insurance policy cover?

There is not necessarily one specific policy for Manufacturing Insurance; your business insurance can be comprised of many different polices which may sit separately or combined as a package, it will depend on the complexity and size of your business.  Manufacturing insurance policies can cover anything from a company’s employees to the machines they operate to create products.  Employers liability insurance is required by law.  Public and Products liability insurance are other must haves to provide protection for costs of compensation for injury caused by a faulty product.  Business Interruption, Buildings and Contents, Machinery and Stock are other optional cover types.

What is manufacturing liability insurance?

Manufacturing liability insurance is made up of Employers liability and Public & Products liability insurance.  If a manufacturing company employs staff, then Employers liability is required by law to protect the business in the event that an employer attempts to sue.  Public and Products liability insurance provides protection for costs of compensation for injury caused by a faulty product. 

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