contstruction workers pointingWhile all businesses can benefit from basic business insurance policies, manufacturers (printers, food refineries, meat packing plants, electronics manufacturers, publishers and more) often face more specific risks. To prevent financial loss, there’s a wide array of specialized coverages that manufacturers may wish to consider. But before we explore those coverages, let’s first take a look at the basics.
  • Property coverage: Protects everything your business owns, such as buildings, furniture and specialized equipment.

  • Liability coverage: Protects against the financial liabilities your business has toward third parties in terms of accidents on premises or damages tied to the actions of your staff.

  • Workers comp: Protects your staff from financial losses faced when injured on the job, including medical bills, lost wages and more.

  • Commercial auto coverage: Protects your vehicles and staff against damages and liabilities while making deliveries or picking up supplies.
Depending on the needs of your manufacturing business, you may also wish to consider the following coverages.
  • Product recall coverage: Protects against financial loss associated with defective products that may have injured or sickened consumers.

  • Manufacturers E&O coverage: Protects against consumers who claim that your business has made an error of sorts, which may lead to a lawsuit (whether grounded or frivolous).

  • Business interruption coverage: Protects against financial losses associated with the inability to perform daily operations for a stretch of time, therefore earning less income.

  • International coverage: Protects goods that are being exported, along with employees who must travel abroad for business purposes.
To learn more about these coverages, contact your independent insurance agent. He or she can also assess the needs of your manufacturing business and make customized recommendations based on your unique risks.

Get started today. Call Buschbach Insurance Agency at (708) 423-2350 for more information on Oak Lawn manufacturing insurance.
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