Most property and casualty insurance agents see the manufacturing sector as an innocuous risk, but at Swingle Collins & Associates, we know it isn’t. There are an infinite amount of potential risks, and selecting coverage can be an overwhelming chore. Our agents not only walk our clients through what coverages are pertinent to the manufacturing business, but we keep them up to date on new coverages as well. Manufacturing errors and omissions, product recall, products liability and pollution coverages are all available, yet most businesses are exposed, because they do not know they exist.
From metalworking to plastics, the variety of manufacturers we work with gives us an unparalleled breadth of knowledge regarding highly tailored coverage. Our innovative and unique approach allows us to make sure you have all of the information available to make an informed decision about the risk management of your company.
Manufacturing insurance programs have many elements. A unique aspect of insurance for manufacturing companies is the need for products liability insurance. From recalls to patent infringement, product manufacturers deal with many unique risks. Manufacturing insurance, more accurately described as insurance for manufacturing or products liability insurance, provides protection for these unique risks – particularly when products manufactured by your company cause harm to others. Besides the obvious risks of your machinery or stock being stolen or damaged by fire or water, manufacturing companies often face much more costly but more subtle losses, such as their gross profit decreasing or coming to an end while their stolen or damaged items are replaced. They also face the very high costs associated with fixing their machinery when it breaks down. Many companies underestimate the time and money associated with ordering, transporting, assembling and commissioning machinery, and the profits that are lost in the process. Often, the interruption claims far outweigh the costs of replacing or fixing the equipment.
Let our team show you how our dedication to your industry will pay off.
