To insure the buildings against damage such as fire, storm, flood or escape of water.

Damage to equipment at and/or away from the premises.

Cyber Insurance

Cyber insurance can cover damage to computers and CNC equipment for example by, computer hacking or ransomware attacks.

To insure the business contents and stock against damage such as fire, theft or escape of water.

The use of pressure vessels, lifting equipment, power presses and extraction systems entails regular inspection.   This is compulsory. It can also cover breakdown of equipment, fragmentation and damage caused to surrounding equipment.

To cover damage to fixed glass and sanitary fittings.

To cover damage or theft of stock in your own or carriers’ vehicles, usually just within the UK.

Like goods in transit insurance, but this can cover stock being imported, exported and travelling within the UK.

To cover theft of money from the premises, in transit or the home of an authorised person.

Like car insurance, this covers damage to your vehicles and your liability to third parties.   Third party liability insurance is compulsory.

To cover lost income and the costs of keeping the business running following insured damage at the premises. Major losses are a very common cause of businesses failing so it’s really important to get this cover correct, including the right sum insured and indemnity period to avoid being under insured.

Cyber Insurance

This can cover loss of income following a data breach, denial of access or cyber attack.

Handling cash or valuable stock can result in theft by employees. This insurance will cover such events.

To provide legal advice and costs of pursuing or defending certain actions such as employment, contractual or property disputes.

To protect the personal assets of a director or senior employee following an allegation that they committed a wrongful act during the course of employment e.g. Health & Safety at Work, employment dispute or financial matters.

To cover legal defence costs and awards made against you arising from your liability at law for injury to your employees.  This is compulsory.

Usually added to Directors’ & Officers’ Liability insurance, this protects the business in the event of an alleged wrongful employment act.

To cover legal defence costs and awards made against you arising from liability at law for financial loss (not injury to others or damage to their property) arising out of products or services supplied by you.

To cover legal defence costs and awards made against you arising from liability at law for injury to others or damage to their property arising out of products or services supplied by you.

To cover legal defence costs and awards made against you arising from your liability for breach of contract, negligence or breach of confidentiality.  Whilst not common for a manufacturer, if the business is involved in product design for customers, then it could be necessary.

To cover legal defence costs and awards made against you arising from liability at law for injury to others or damage to their property arising out of your business activities (but not products supplied).

To cover claims from third parties for damage to their systems, loss of money, business interruption, breach of copyright, penalties from regulator.

If you have staff travelling abroad on business, business travel insurance can provide cover for medical expenses, cancellation costs, money, lost passport and replacement employee expenses

To provide a lump sum payment and/or regular weekly payments following permanent or temporary disablement as a result of an accident e.g. loss of an eye or a broken leg.