In the fast-paced world of manufacturing, unforeseen events can disrupt your operations and impact your bottom line.
At Mason-McBride, we understand these risks from foundry malfunctions and material handling mishaps to workplace safety hazards and equipment breakdowns.
Our experienced team will take the time to understand your operations and identify potential exposures. Then, we'll work with you to design a risk management program that protects your business from financial losses, reputational damage, and other negative consequences.
Manufacturing Insurance Coverage
Any business risks injuries, lawsuits, and property damage. However, several coverage options can be added 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 lost revenue or incurred expenses because of the negligent rendering of professional services.
Workers Compensation Insurance:
Worker compensation insurance gives employees benefits to help recover from work-related injuries or illnesses. It can also benefit your employee's families if they lose their lives in a workplace accident. Different factors, such as job risk, claims history, and payroll size, can affect workers' compensation costs.
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.
Cyber Liability Insurance:
Cyber liability insurance helps your business respond to a data breach if personally identifiable information gets lost or stolen. In addition, many policies will include extortion coverage, business income protection, and systems failure, all caused by a breach.
Why Work With Mason-McBride?
With over 100 years of experience in the insurance industry, we understand the specific challenges manufacturers face. We're committed to providing our clients with reliable and customized insurance solutions that help them succeed.
When you choose Mason-McBride, you're not just getting an insurance agent; you're getting a partner who has your best interests at heart.
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