Manufacturer insurance in Mount Juliet and throughout Tennessee.
There are a wide variety of product lines, sizes, and manufacturers. The necessity to protect your business exists regardless of the type of manufacturing operation you have. We’ll help create the ideal manufacturer’s insurance plan.
Standard business insurance might not be sufficient if you manufacture and distribute your own goods. You can focus on your business by addressing the specific risks you encounter with a specialized manufacturer insurance policy.
A manufacturer’s selling price clause is an important aspect of the policy to look for. This implies that you receive compensation based on the amount you would have sold the things for—not the price you paid for the raw materials—if your stock is damaged or destroyed by a covered event.
Additionally, you’ll likely also want coverage for errors and omissions. This goes above and beyond the typical business insurance that defends you from claims of injury and property damage brought about by your products. It increases protection against claims of financial damages. For instance, suppose one of your consumers claims that a flaw in your product has affected their business.
Also take into account product recall insurance, which comes into play if you have to recall a product because it poses a risk of injury. This insurance covers the costs of both returning the merchandise to you and properly discarding the stock. Even legal fees and expenses for public relations are covered by some policies.
Contact us right now to make sure your manufacturing company is completely insured.