Property All Risk (PAR) insurance protects your manufacturing facilities from risks like Fire, Lightning, Explosion, Aircraft Impact and Smoke (FLEXAS), Typhoon, Storm, Flood, Water Damage (TSFWD), Riot, Strike, Malicious Damage, Civil Commotion (RSMDCC), Earthquake, Volcanic Eruption, and Tsunami (EQVET).
Example: If a manufacturing plant suffers fire damage, PAR insurance would cover the cost of repairing or replacing the damaged property.
Business Interruption insurance covers financial loss if your manufacturing operations are disrupted due to property damage.
Example: If a factory producing electronic components is flooded, this policy would cover the cost of repairs and compensate for the production halt until operations resume.
Public Liability insurance protects your business from claims if third parties are injured or their property is damaged due to your operations.
Example: If a visitor slips and falls at your factory, this insurance covers their medical and legal expenses.
Product Liability insurance covers claims of injury or property damage caused by defective products or any products your manufacturing business produces.
Example: If a product injures a customer, this insurance covers the legal fees and compensation.
Machinery Breakdown insurance covers the cost of repairing or replacing equipment that fails due to mechanical or electrical issues.
Example: If a key machine in your production line fails, this policy covers the repair costs or replacement, ensuring minimal disruption to your manufacturing process.
Business Interruption insurance compensates for the financial loss when your operations are halted due to machinery breakdown.
Example: After your production line stops due to a machine breakdown, BI insurance compensates for the revenue lost during the downtime, helping you recover financially until production resumes.
Motor Fleet insurance covers all company-owned vehicles used in your manufacturing operations, from transport trucks to delivery vans.
Example: If a delivery truck carrying raw materials crashes, motor fleet insurance would cover the damages and repairs.
Environmental Liability insurance covers the costs of cleaning up pollution including the environmental damage caused by your manufacturing operations.
Example: If hazardous waste spills during production, this policy covers clean-up costs, fines, and legal claims.
Employee Benefit insurance helps provide health, life, and disability coverage including medical expenses (Inpatient & Outpatient) for your employees, enhancing retention and job satisfaction.
Example: Offering medical coverage to staff is a company strategy to ensure your employees are taken care of which improves morale and helps attract top talent.
Cyber Liability insurance protects your manufacturing business from the financial impact of cyberattacks or data breaches.
Example: If your systems are hacked and sensitive data is stolen, this insurance covers the recovery and legal costs.
D&O insurance protects the personal assets of your executives, company, and security if there are legal actions due to mismanagement.
Example: If a legal claim is filed due to mismanagement that caused financial loss to the company, this policy covers the legal proceedings.
Get complete protection with construction all risk insurance, professional indemnity, and public liability insurance to handle all risks for your project's security
