There are hundreds of thousand of small, medium and large manufacturing facilities operating in the United States today, and each one of them faces unique risks and challenges due to the complex process of making stuff.
Business Owners Insurance Can Help Protect Against Common Problems
1) Equipment Failure
Due to the nature of manufacturing, the risk posed by equipment breakdown can be grave. Because of the high pressures that can build up throughout the fermentation process, storage tanks and vats can break down or even explode if not properly maintained.
Small-scale facilities will rarely have backup equipment at the ready in the case of breakdowns, and as a result, equipment failure can cause expenses from lost production time and missed sales, in addition to the cost of repair or replacement of faulty equipment..
2) Power Outages and Temperature Changes
Throughout the manufacturing processes, it is absolutely crucial to maintain the proper temperatures. Improper temperatures due to power outages or other incidents cause perishables to spoil, resulting in losses from ingredient waste. Spoilage coverage offers protection against the loss of perishables due to mechanical breakdown or loss of power.
3) Premises Liability
Many plants, for example, microbreweries and distilleries offer tours of their facilities to customers and guests. These types of offerings are a great way to show curious visitors how their favorite beverages are prepared, brewed, and bottled. However, brewers can become liable should their guests become injured while on a tour or during other special events.
4) Excess Limits
We can offer an additional layer of security with an umbrella/excess policy. Essentially, umbrella coverage can pick up where your underlying business auto, workers compensation, general liability coverage stops.