As a manufacturer, you are facing unique challenges on a daily basis and special needs require specialized coverage. Orlando FL manufacturers insurance protects your business every day. While manufacturers should have general liability, property, workers’ compensation and product liability coverage, depending on your situation it is recommended to think about these coverage options.
You depend on your equipment and machines. This insurance covers your mechanical, electrical and computer equipment in the event of a breakdown. It pays for repairing or replacing defective equipment, as well as the resulting business interruption.
Unforeseen things happen and sometimes your manufacturing facility comes to a standstill. Business interruption insurance typically pays for the loss of income and helps pay for any extra expenses that are necessary to keep your business running.
This covers the logistical costs involved with a recall and helps re-establish your business partners’ brand. It pays for direct expenses and third-party expenses.
Manufacturer’s Errors and Omissions
Sometimes products fail, don’t meet the required standards, or are potentially dangerous. Manufacturer’s E&O can fill any gaps that your product or general liability coverage may have. It covers any lawsuits for financial damage against you.
Commercial auto insurance protects the vehicles you use for your manufacturing business. It provides coverage for bodily injury and property damage liability. Furthermore, it offers comprehensive, collision and medical payments coverage.
Orlando FL manufacturers insurance is essential for the well-being of your business. An insurance specialist can help determine what coverage you need.