Manufacturing Insurance
Competitive Manufacturers’ Insurance Backed By Independent Advice
Sandbach insurance brokers
Manufacturers' insurance
Looking for competitive manufacturing insurance backed by outstanding customer care? Call the JMG Sandbach team today on 0161 300 2930 and let our independent specialists compare the market to find you the manufacturer’s insurance that’s right for you. No matter what size or type of manufacturing business you have, we can help. For your manufacturing insurance quote, call us on 0161 300 2930 or contact us and let us help you get the protection you need.
What is manufacturing insurance?
Manufacturing insurance, manufacturers’ insurance, or manufacturing business insurance as it’s also known, provides manufacturers with cover for multiple risks on one policy. Manufacturing has become an increasingly complex business and as we move into the Fourth Industrial Revolution (Industry 4.0), and automation, machine learning, and the use of real-time data play ever more important roles, so manufacturing businesses need to ensure they have insurance that’s tailored to the risks they face.
Why Get Your Manufacturing Insurance From JMG Sandbach?
Since our founding in 1995, we’ve helped hundreds of manufacturers get the insurance they need. Our clients choose us as we offer a fantastic combination of service and value that gives you:
- Highly competitive cover from leading insurers
- Personal service from quote to claim
- Independent advice
- Help from insurance specialists who are manufacturing insurance experts
To experience our exceptional service for yourself, call us on 0161 300 2930 or contact us and let our team help you get the business insurance that’s right for you.
What can manufacturing insurance cover?
Common policy elements of manufacturing insurance include:
- Public liability insurance – or PL insurance as it’s also known, forms the basis of many manufacturing insurance policies. It protects you/your business should a member of the public be accidentally injured or their property damaged because of your work
- Employers’ liability insurance – or EL insurance, protects employers from compensation claims from their employees should they be sued for loss or injury at work. If you have people working for you, be they full-time, part-time, or contracted, then having employers’ liability insurance cover is a legal requirement. Failure to have a policy in place can lead to a £2,500 fine for each day you are without it. In law, the health and safety of your employees is essential, which is why you are legally required to protect your employees from incidents such as:
- Someone having an accident at work
- A member of staff developing a medical condition through their work
- One of your employees having their property damaged at work
- Cover you for at least £5 million of liability cover
- Be through an authorised insurer
- Product liability insurance – if a product you’ve made fails or causes damage, you can be sued for compensation, and this can cover the financial costs of this action
- Contents and stock – including materials, parts, part-finished goods and goods owned by customers awaiting shipment
Your policy must:
- Business interruption insurance – which will provide you with an income should your business become unable to trade following a disaster such as a flood or fire
- Goods in transit insurance – which will cover your goods against damage or loss while being transported
- Engineering insurance – covering you in case machinery breaks down or is accidentally damaged
- Fleet insurance – if your business has two or more vehicles – be they cars, trucks, construction plant or even forklift trucks – then you can save time and money by adding fleet insurance to your manufacturing business insurance
- Commercial property insurance – if you own the premises you work from, this can protect your building as well as other business-critical assets such as yards, fences, storage huts, etc, should they be damaged or even destroyed
If you’d like some manufacturers’ insurance advice, call us on 0161 300 2930 or contact us and let our team help you get the manufacturing insurance protection you need.
Who needs manufacturing insurance?
Manufacturing insurance through JMG Sandbach is flexible enough to protect most manufacturing businesses, including:
- Manufacturers
- Recycling firms
- Engineering firms
- Food processing businesses
- Mineral processing businesses such as quarries
- Metal processing firms including steel manufacturers and scrap metal processors
What other policies should manufacturing firms consider?
While manufacturing insurance can cover a lot of risks, many manufacturing firms take out additional protection against:
- Deterioration of stock – caused by temperature changes due to failure or damage to refrigeration systems, and the accidental failure or emergency removal of public utilities such as gas or water
- Professional indemnity claims – if you give your clients advice, then you should include professional indemnity insurance as part of your cover. Why? Because if the advice you’ve given them costs them money or someone is injured because of that advice, then you can be held financially liable
- Terrorism insurance – against property damage and loss of income caused by acts of terrorism in England, Scotland or Wales
- Hired-in plant – if your business hires plant equipment such as forklifts, mobile cranes, or scissor lifts, then hired plant insurance will insure it against accidental damage, loss, theft and ongoing hire charges
- Commercial legal expenses – the cost of legal representation to defend your legal rights, and any agreed compensation awards, usually up to £250,000
- Personal injury – manufacturing plants can be hazardous places, and if someone is injured on your site, you could be left facing a hefty compensation claim. The 2023 Health & Safety Executive report on Manufacturing Statistics in Great Britain shows 91,000 workers suffering from work-related ill health and 46,000 non-fatal injuries, so personal injury insurance is well-worth having
How much does manufacturing Insurance cost?
Your manufacturing business insurance premiums will be calculated based on factors such as:
- The level of cover you require
- What you are making – if you’re working with hazardous chemicals, heat, or combustible materials, then your premiums may be higher
- Whether you have any employees and if so, how many
- What you need cover for
- Your claims history
- Your business’s postcode
- The size of your business
- Your level of excess
Manufacturing Insurance FAQ
Manufacturers’ insurance can be a complicated area of cover. To help you get the cover you need, here are our frequently asked questions about manufacturing insurance. We hope they’ll be of use, but if you’d like some personalised, independent help, then please call us on 0161 300 2930 or contact us and one of our manufacturing company insurance specialists will be happy to help.
No but given the risks you run and the potential payout size, it’s well worth having it in place. If you have any employees, you will need to have employers’ liability insurance in place
Almost all manufacturing, processing and engineering firms can benefit from having it
There are a few ways you can potentially save on your manufacturing insurance. Use an independent insurance broker such as JMG Sandbach, invest in health and safety training, undertake regular risk assessments and share these with your broker, and renew early so your broker can have the time they need to look at your options. If you’d like some help or a manufacturing insurance quote, call us on 0161 300 2930 or contact us and one of the team will be happy to give you all the help you need
Getting a quote is easy. You can get your manufacturing business insurance by calling us on 0161 300 2930, or contact us, and one of the team will be happy to help you
Contact JMG Sandbach
If you’d like some independent insurance advice or a commercial insurance quote, please call our experienced team of independent insurance experts on 0161 300 2930 or contact us today and we’ll give you all the help you need protecting what matters to you.