Fabricated Metals Manufacturing Commercial Risk Insurance
Similar to any other business, the fabricated metals manufacturing companies are vulnerable to risks. In fact, there are more chances of injury and accidents from handling toxic chemicals, sharp metal and welding machines.
That’s not all. Problems of customer lawsuits and broken fabrication equipment can negatively affect operations. If not addressed, it will reduce your output and result in losses.
Metals manufacturing has its unique problems. Luckily, getting a good business insurance policy can provide protection against the risks. SunGate Insurance Agency is a great place to start. Get a quote from them.
Types of Fabricated Metals Manufacturing Businesses
Not all metals manufacturing business get equal coverage. Some companies may not get any protection, depending on the type of products they manufacture.
Here is a list of metal manufacturing classes accepted or preferred by insurance companies:
- Can manufacturing
- Screw, nut and bolt manufacturing
- Engraving
- Window or door manufacturing
- Metal products manufacturing
- Clocks, watches, jewelry
- Structural and decorative (not load-bearing) metal works
- Ornamental sheet manufacturing
- Fasteners (most types)
- Plumbing supplies manufacturing
- Pattern manufacturing
- Sheet metal manufacturing
- Specialties in advertising boards and signs
- Safety vaults or safe manufacturing
- Hand-type tool manufacturing (not for powered tools)
What will the Insurance Agency Cover
Depending on your requirement, an Insurance Agency can offer different policies. These policies cover many risks common in the fabricated metals manufacturing industry.
Here are some of the most popular insurance coverage that business owners seek:
Commercial Property Insurance
Metals manufacturing companies depend heavily on their equipment and factories. You need to protect yourself from any loss caused by asset or property damage. Factory repairs and equipment replacement cost a lot of money. Commercial property insurance covers you from such losses.
General Liability Insurance
It protects you from basic metalworking risks. For example, if an employee or customer gets injured in the factory this insurance will cover for the resulting financial losses. General liability may also provide manufacturer enhancement endorsement and product recall expense (within limits).
Worker’s Compensation Insurance
Most US states mandate worker’s compensation insurance for the employees of metals manufacturing businesses. It protects you from spending money on the treatment of work-related accidents. The metal industry is prone to such incidents.
Commercial Umbrella Insurance
If you reach your insurance limit, an umbrella insurance can boost further coverage. This insurance policy may apply to commercial auto insurance, general liability insurance and even employer’s liability insurance.
In Conclusion
In addition to the above-mentioned insurance policies, there are other types of coverage you can go for. This includes auto insurance and BOP (short for businessowners policy).
If you can’t decide which policy to choose, visit SunGate Insurance Agency. Their competent agents will guide you through the best available insurance options. With proper coverage you can focus on running your business with a peace of mind.
Need help to review your insurance? We can help you find the best prices and insurance that is right for you! Contact Us.
Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call (407) 878-7979.
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