Manufacturing Insurance That’s Made Just for You

Whether it’s plastic materials, recyclable goods, or any other mass production of materials, you are really good at getting a large (or small) batch of item requests made efficiently and under deadlines. You know how important it is to make sure your manufacturing facility is super clean, safe, and following a specific procedure and schedule to do your best job.

However, you may not know much about small business insurance policies.

What Insurance Do Manufacturers Need?

Fortunately, you don’t need to — let Simply Business build an insurance policy that’s personalized just for you.

Professional Liability Insurance for Manufacturers

Professional Liability insurance — also known as errors and omissions (E&O insurance) — provides coverage in the event a customer alleges negligence resulting from your professional services. Say a customer ordered a batch of plastic tumbler cups, and upon receiving the order, they allege the product’s design is clearly poorly done and may cause injury. Professional liability insurance may help cover the legal costs for dealing with those claims.

Professional liability insurance usually covers:

• Negligence or alleged negligence
• Legal defense costs
• Claims involving libel and/or slander
• Copyright infringement
• And more

Professional liability insurance usually does not cover:

• Intentional negligence
• Bodily injury
• Property damage
• False advertising
• Patents and trade secrets
• And more

General Liability Insurance for Manufacturers

Let’s say that you have a client visiting your facility to see the production of their product in person. And on that visit, if they somehow accidentally injure themselves on your property due to liquid on the floor, coverage from your general liability policy may help cover their medical bills too.

General liability usually covers:

• Bodily injury
• Third-party property damage
• Personal and advertising injury
• Medical expenses
• Defense costs
• Supplemental payments

General liability insurance usually does not cover:

• Damage to your own property
• Professional services
• Workers compensation or injury to your own employees
• Known claims or potential claims

Learn more about General Liability Insurance.

Workers Compensation Insurance for Manufacturers

Do you have full-time employees or part-time help? If so, you may need workers compensation insurance. If someone who works for you gets hurt on the job, this coverage provides help with medical bills, lost wages, and any legal costs that relate to the injury.

Most states require any business with employees to have workers compensation insurance, so make sure you add it to your policy!

Learn more about workers compensation insurance.

How Much Does Manufacturer Insurance Cost?

Not sure how much you might pay for coverage as a manufacturer? While there’s no one answer for how much your policy will cost, your final premium will usually be determined by:

• The number of employees you have (including part-time and consultants)
• Your location
• Payroll
• Revenue
• And more

Want to find out how much your insurance policy might cost? Just click here to answer a few questions about your business.