What is manufacturing insurance?
Manufacturing operations are more complex than ever. Between staying ahead of supply chain issues and integrating new technologies, tackling skilled labor shortages and dependencies on specialized machinery, businesses face increasing areas of vulnerability.
With over a century of servicing thousands of manufacturing customers, Travelers brings a holistic approach to managing risks. We have flexible and broad insurance coverage offerings, dedicated risk control and claim services and underwriting expertise to meet your needs.
Is your manufacturing business at risk from unexpected events?
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Is Your Manufacturing Business at Risk from Unexpected Events_
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Text, Travelers presents, business as usual, business at risk. Machines and people work in a factory.
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SPEAKER: Your business is a well-oiled machine that counts on critical equipment to help get the job done. And because it's always run smoothly, you probably think nothing will ever happen to change that. Well, think again. All it takes is one devastating power surge, one catastrophic storm, or one unexpected event to bring down the equipment you've invested so much in, as well as all the profits and employees that equipment supports.
Why take the financial risk? Why gamble with not having adequate insurance when you don't have to? Believe it or not, most business disruptions can be avoided. All it takes is a little bit of planning. First, make sure your business property is insured to its full replacement cost. Over time, the costs associated with inflation can really add up.
Next, think about how long it will really take to replace your equipment. Equipment that's older, customized, or imported may take months or years to replace. And there is changing technology, shipping, installation, and training to consider, as well. Finally, be aware of the impact a critical equipment loss could have on your business, including lost profits, lost customers, and lost employees.
Don't let underinsured equipment limit your recovery. Find out how Travelers can help turn business at risk into business as usual. Talk to your Travelers representative today, or visit travelers.com.
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Text, Make sure property valuation is part of your business continuity plan. Travelers dot com.
IndustryEdge® for manufacturers
From protecting equipment to keeping trucks on the road and workers on the job, manufacturers require custom solutions.
We work across multiple manufacturing industries, helping companies identify and reduce risks.
Who needs manufacturing business insurance?
Depending on your manufacturing specialty, you may need a suite of insurance products to help protect your business, including manufacturing liability insurance and property coverage to help guard against the common risks in your industry. Our coverages can be customized to meet the needs of manufacturers like these:
Electrical equipment manufacturing
Insurance designed for manufacturers of electrical distribution equipment, commercial lighting, generators, motors, switchgears or transformers.
Food and beverage manufacturing
Coverage options created for food and beverage processors, including manufacturers of bakery goods, candy and confectionary products, dairies, frozen specialties, fruit, vegetable, meat, fish or seafood or processed foods.
High hazard manufacturing
Flexible, competitive insurance for higher risk industry manufacturers, including farm equipment, motor vehicle upfitting, fabricated structural metal, perfumes and cosmetics, or sports and athletic goods.
Metals manufacturing
Travelers offers a wide range of coverage for manufacturers of metals, including auto parts, industrial machinery, metal forging, casters, extruders, and rollers or stampers.
Mineral manufacturing
Crafted insurance solutions for manufacturers of mineral-based products including abrasive products, construction sand and gravel, cut stone, glass or ceramic products and precast concrete forms.
Plastics and rubber manufacturing
Customized risk solutions for manufacturers of fabricated plastic or rubber products, including packaging materials, films, piping, plastic bottles and containers, and plastic and rubber component parts.
Textile manufacturing
Tailored for manufacturers of textiles, including apparel and accessories, industrial fabrics, ropes, cords, twine and canvas products.
Wood manufacturing
Insurance to reduce risk exposures for manufacturers of wood-based products, including furnishings, paper products and other wood products.
Solutions for small businesses
Travelers offers small business solutions to help you protect and grow your business.
What specialized coverages does Travelers offer for manufacturing companies?
In addition to offering the core lines of commercial insurance such as general liability, workers compensation, commercial auto, property and umbrella coverage, Travelers offers specialized types of coverages to address the unique needs of manufacturers:
How much does manufacturing insurance cost?
The cost of manufacturing insurance will depend upon the size of your business, the specific risks you are exposed to, how you control the risks and the coverage amounts you choose. An independent agent can help review risks and provide a quote for insuring your business.
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