By sector · Manufacturing & industry
Manufacturing & industry.
A production line that stops costs far more than the machine that broke. Cover has to pay for both the damage and the lost time.
The critical number is time to restart.
For an industrial plant, the value of the building is secondary. What matters is how fast production restarts after a loss, and how much revenue is lost in the meantime, while orders still have to be filled and staff still have to be paid.
The second critical risk is product liability: a defective product leaving the line can cause injury, a recall and lawsuits far larger than the value of the batch.
What we examine
Where a production plant is at risk.
- Property & plantBuildings, production lines, raw-material and finished-goods stock: against fire, explosion, earthquake, flood and theft, at the right replacement value.
- Machinery & electronic breakdownSudden failure of critical machinery, cooling systems, boilers, automation and electronic equipment, with repair or replacement cost.
- Business interruptionReplacing profit and fixed costs while production is down, with an indemnity period long enough to fully recover capacity.
- Product liabilityBodily injury or property damage caused by one of your products, with legal defence costs; optionally, recall-expense cover.
- Environmental liabilityClean-up and remediation costs, plus third-party claims, from sudden or gradual pollution of soil, water or air.
- Employer’s liability & group coverEmployee accidents beyond state benefits, and group life/health schemes to retain skilled staff.
How we help
Three steps.
- 01.
Valuation at replacement cost
We update the sums for buildings, machinery and stock so there is no under-insurance in a major loss.
- 02.
Setting the indemnity period
We realistically estimate how many months a restart takes (ordering equipment, installation, certification) and set the interruption cover to match.
- 03.
Mapping dependencies
We identify critical suppliers and customers so contingent business interruption is covered too.
And for the team
A group scheme for production staff.
In a plant with shifts and skilled operators, a group health and accident scheme cuts absences and helps with retention.
