Manufactures insurance
General Insurance for those who engage in Manufacturing requires a specialized approach.
From High Tech to Low Tech, manufacturing requires a comprehensive approach by your broker. SeaFirst can provide the expertise you need to ensure that, in the event of a loss, your ability to prosper will not be affected.
How complicated is your manufacturing process? Does all your production get sent to one customer? If they have a loss and temporarily don’t require your output, can you sustain your operation? Do you own molds or jigs stored and used by someone else? If they have a loss can you get a substitute source of supply of the raw materials and components that you require for your processes?
Because of the value added to the raw materials you use, it is vital that your Business Interruption is properly calculated. Even if you are a start up company refining a design or prototype, a plan can be designed for you.
If your markets are global, do you have the Product Liability coverage in place to allow your expansion into new markets? Do you have to avoid shipping to the US because of insurance implications?
Shipping your product can be expensive. Does your current policy provide adequate coverage when your product is being shipped. Are you spending time arranging insurance when your finished merchandise gets sent to your customers?
If you answered yes to any of these questions, SeaFirst can help. At SeaFirst, we shop the market to find the best coverage for the best price. Many insurers have developed new products which make coverage for much of the manufacturing process a much more comprehensive process, which means easier, more flexible coverage for you.
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