Insurance for manufacturers
Crombie Lockwood has in-depth experience in arranging insurance for manufacturing business. This helps Crombie Lockwood to get you the best manufacturing insurance to meet your needs.
This insurance can cover all your risks as a manufacturer, from point of supply to point of sale, including:
- Business interruption
Product liability insurance
Manufacturers are increasingly being held responsible for property damage or bodily injury arising from their products. This responsiblity extends beyond the point of sale. As a manufacturer, you need excellent product liability insurance to protect you against these risks.
Crombie Lockwood’s extensive experience of in the manufacturing sector is built from managing a diverse range of manufacturing programmes, including the food sector, engineering and specialist plant and equipment, and the complex pharmaceutical industry.
Some of the aspects we consider in designing your manufacturing liability insurance programme are the risks inherent to the product, how it will be used and the markets where it will be distributed. These are key risk factors which must be considered, as some markets are more litigious than others.
If your product has a particularly complex risk profile, we have existing relationships with underwriters who specialise in offering covers in these complex areas. We can draw on these relationships to secure solutions that fit your specific needs.
Risk management for manufacturers
Insurance is the ambulance at the bottom of the cliff and it is there when something goes wrong. However, it makes good business sense to also have a robust risk management programme to identify, analyse and manage business risks with a view developing methods to limit the impact of such risks on the business.
Crombie Lockwood can call on experts to help you devise and implement effective risk management programmes for your business. This will not only help you reduce risk, but may well reduce your insurable risk and save you on insurance costs.
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Important Information The information on this website is only intended to provide a general summary or introduction to a product, offering or service. Any decision to purchase this product should be based on specific advice for your business or personal needs. For further information on this product, offering or service please speak to your broker.