Manufacturers Insurance

We don’t work for the insurance companies. We work for you.

Get a quote

Manufacturers Insurance varies depending on the type of work you specialize in. If you own a manufacturing company, you need to be aware of the different types of coverage options and which ones apply to you and your company.

Whether your business focuses on working with metals or plastics, you’ll need the right insurance policies to keep you protected. What’s more, your policy options will also vary depending on if you specialize in engraving, forging, casting, or forming. On top of the usual risks faced by most companies, manufacturing comes with its own unique risks.

The tools you and your employees work with on a day-to-day basis could put you at a higher risk of injury. However, the right insurance policy can keep you, your company, and your employees protected in the case of an accident.

More common risks associated with every business, regardless of the industry, include property damage, loss of files, or damage to equipment. With that in mind, you need to have the right policies in place to cover all issues or concerns your company may be exposed to. Speak with Texas Insurance Agency today to find the right policies for you at the best rates available.

Manufacturing Companies

Every manufacturing company should have a BOP, a Business Owners Policy. This policy type works similarly to a homeowners policy, however, for your business. As a result, it makes the most of your insurance policy and ensures you have the best coverage possible.

A BOP allows you to protect the company you’ve worked so hard to build by bundling different coverages into one policy. A comprehensive Manufacturers Insurance policy commonly consists of the following:

  • General Liability
  • Business Income
  • Commercial Property

Additionally, you may want to look into Data Breach Insurance to protect sensitive information regarding your company and your employees.

Concrete Manufacturers

Concrete manufacturers rely on several specialized equipment and processes to carry out their job. With that in mind, the right insurance policy is crucial to the operation of your work. There are risks at every stage in concrete manufacturing whether it be mixing, moving, or installing concrete. However, with the right coverage on your side, you’ll have one less thing to worry about.

Common policies for this industry that you may want to consider include the following:

  • Property Insurance
  • Commercial General Liability
  • Directors & Officers Insurance
  • Inland Marine Insurance
  • Manufacturers’ Errors & Omissions
  • Business Income Insurance
  • Equipment Breakdown coverage

For more information about possible policies you may want to consider, contact Texas Insurance Agency today. Our experts work with some of the most trusted Insurance companies around. With that in mind, you can trust we will offer you the best policies at the best rates.

Medical Equipment Manufacturers

Med. Equipment Manufacturers require more than your average business Insurance plan. This is because they are responsible for the production of surgical, ophthalmic, and veterinary tools and equipment. This includes, but is not limited to syringes, surgical clamps, catheters, and Anesthesia equipment.

These instruments are all incredibly complex, and the manufacturers of such equipment face various risks every day. With that in mind, it’s important you have the right insurance policies in place. If you’re looking to protect your assets, yourself, and your employees, you need a customized plan that caters to you and your production needs.

The coverage you require will depend on the size of your company and the equipment you manufacture. However, common insurance plans needed by Medical Equipment Manufacturers include the following:

  • Product Liability Insurance
  • Commercial Property Insurance
  • Inland Marine Insurance
  • Commercial General Liability
  • D&O Liability Insurance
  • Commercial Auto Coverage

When you contact our team at Texas Insurance Agency, we’ll help you determine which policies are best suited to your company. We work with some of the best insurance companies to bring you the precise policies you need. Call today to get started on building an insurance plan that works for you and your business.

Commercial Property Insurance

This coverage option protects your manufacturing facilities, offices, and labs, as well as the equipment and tools stored in them. This type of coverage is offered under this policy in the event of weather events, fires, vandalism, or theft.

Business Interruption Coverage is another coverage option you may want to consider. This coverage type is usually included under Commercial Property Insurance and protects your business’ earnings if you are unable to operate due to damage of equipment.

This coverage option is invaluable in the event your business is unable to operate or must relocate. This is because it covers the cost of rent, relocation fees, lost income, and employees’ wages. To discover more coverage options under this Insurance type, speak with Texas Insurance Agency today.

Directors & Officers Insurance

This insurance type protects the personal assets of Directors and Officers of companies and proves invaluable in the event they are sued. Employees, vendors, investors, and customers are just some of the people who could be on the other end of that lawsuit.

The director or officer of a company could find themselves accused of fraud, misuse of company funds, failure to comply with workplace standards and laws, theft of intellectual property, and more.

Unfortunately, these accusations are more common than one would think. Additionally, these lawsuits aren’t just taken out against public companies. They are also taken out against the heads of private and non-profit organizations as well. That is why it’s important you look at available insurance plans to ensure you stay protected if a situation ever arises.

Keep your corporate board covered by speaking with Texas Insurance Agency today. You won’t find an agency more dedicated to finding the best insurance policies for your company.

Inland Marine Insurance

This insurance type keeps you protected if cargo is damaged in transit. This applies to any piece of equipment or property that is moved from one location to another. This is not to be confused with Marine Insurance, which is only applicable when transporting goods over water. Inland Marine Insurance, however, only applies to on-land transportation.

A big part of manufacturing is transporting goods. Whether you’re looking to transport equipment and tools to hospitals, veterinary offices, and other medical facilities or looking to transport materials and tools to construction sites, this insurance type is highly recommended.

Inland Marine Insurance is especially useful if you’re transporting larger products or expensive goods, as this would not be protected under general property insurance coverage. Other reasons to consider this insurance type include the following:

  • If someone else’s property is temporarily in your possession.
  • If you frequently ship tools or material around the country.

Of course, there are more specialized coverages available with this insurance, depending on your coverage needs. To learn more about this insurance type, call Texas Insurance Agency today.

Business Income Insurance

Business Income Coverage or BIC is a type of property insurance policy. Having this coverage in place will protect your company against loss of income due to a temporary suspension of normal operation or a slowdown of operation. However, this is only applicable if this halt on production is due to damage of physical property.

Although this coverage covers loss of income, it doesn’t tend to cover operating expenses. In most cases, this coverage lasts the period it takes for the equipment to be replaced or repaired. However, a premium coverage plan could extend this timeframe.

Additionally, it’s important to note that Business Income Insurance covers money lost due to damage, whereas Property Damage Insurance actually covers the damage caused to equipment, the building, or other property owned by the company.

If you’d like to learn the full extent of Insurance policies available to Manufacturing Companies, call Texas Insurance Agency today. We can’t wait to help you find the best coverage at the best prices!

Our Partners

We are pleased to partner with these companies to bring you the best coverage at the lowest rates available.

slide1-1024x256
slide2
slide3
slide4
slide5
slide6
slide7