Looking for Michigan Manufacturing Insurance?
Manufacturers face various exposures that need to be analyzed and addressed in their risk and insurance program. Whether you’re in the steel industry or printing and publishing, Mason-McBride can and will help protect your business. We can help design a program that protects against incidents like equipment damage, workers comp, product recalls, and other risks that are unique to your business.
What is Covered in a Michigan Manufacturing Insurance Policy?
With any business, there is a risk of injuries, lawsuits, and property damage. There are several coverage options that you can add to your Business Insurance policy to protect your business.
Notable exposures currently getting attention in the marketplace are:
General Liability Insurance:
General liability insurance can help protect your business against claims for bodily injury, property damage, advertising injury, errors, or omissions. In addition, without this coverage, you may be responsible for paying out of pocket for legal costs, such as attorney fees and settlement amounts.
Professional Liability Insurance:
Also known as Errors and Omissions (E&O), professional liability insurance can help protect your business from consequential loss resulting from negligence claims associated with your professional service. Professional liability claims involve allegations whereby the customer alleges they lose revenue or incurred expense because of the negligent rendering of professional services.
Workers Compensation Insurance:
Worker compensation insurance gives your employees benefits to help recover from a work-related injury or illness. It can also benefit your employee’s families if they lose their lives in a workplace accident. Different factors can affect your workers’ compensation cost, such as job risk, claims history, payroll size.
Commercial Umbrella Insurance:
Commercial umbrella insurance extends the coverage limits for some of your liability policies. So, if a claim exceeds the limits on your policy, your umbrella insurance can help cover the difference.
Business Property Insurance:
Business property insurance covers equipment, signage, inventory, and furniture in the event of a fire, storm, or theft. However, it doesn’t cover mass-destruction events like floods and earthquakes.
Tailored to Your Needs
Other coverages can be put into place for your business’s specific needs. These coverages include but are not limited to: workers’ compensation, crime insurance, property in transit, and product liability. In addition, there are additional business-specific coverages that include liquor liability, motor carrier coverage, non-trucking liability, and crime.
Our professional team can help you navigate the insurance marketplace and conduct a risk review. We advise not waiting for an event to audit your program and make necessary adjustments.
Let’s Get Started
Whether you need Michigan manufacturing insurance or a combination of coverages, our team of specialists can find a coverage plan that offers complete protection from the unexpected. So if you’re interested, start a quote online, or give your office a call. The team at Mason McBride is happy to assist.
