Insurance for Manufacturing & Industrial Businesses Insurance
In manufacturing, one small problem can cause a big stoppage. From fires to faulty products, the right cover keeps you moving and protects your bottom line.
Common Risks
- Injury to visitors or contractors on-site.
- Fire, machinery breakdown, or storm damage halting production.
- Product faults causing injury or damage.
- Stock theft or spoilage.
- Liability from exported goods.
Covers You Might Need
Public Liability
Covers claims if you injure someone or damage their property in your operations. Examples: A delivery driver trips on a loose cable in your warehouse — you’re covered. Or, a forklift bumps into and damages a client’s vehicle — you’re covered.
Product Liability
Covers claims if something you make causes harm. Examples: A product fault injures a customer or a batch defect damages a client’s equipment.
Property Insurance
Covers buildings, machinery, and stock against damage. Examples: A fire damages your production line or a storm floods your warehouse.
Business Interruption
Covers lost income if you can’t operate after an insured event. Examples: Your plant shuts down for repairs after a fire or storm damage delays production for weeks.
Management Liability
Covers claims against company directors and managers. Examples: A workplace safety claim is made against your management team or an employee brings an employment dispute.
Why Work with Luma
Manufacturing risk is complex — we’ll keep your protection simple, clear, and fair and remove the commissions that inflate premiums.
FAQs
Does my premium include hidden commissions?
What exactly is 'Public Liability' in plain English?
If my machinery breaks down, am I covered?
It depends on how it broke. If a storm knocks out the power and fries your control panel, or a fire damages the line, that’s usually covered under Property or Business Interruption. If the machine just got old and tired (wear and tear), that’s on you. We’ll help you look at ‘Machinery Breakdown’ add-ons if your gear is the heartbeat of your business.
Do I really need Product Liability if I just make parts?
Yes. Even if you only make a tiny bolt, if that bolt fails and causes a massive machine to explode or injures someone, the finger will point at you. Product Liability covers the legal fallout if something you manufactured causes harm once it leaves your doors. It’s the “sleep better at night” cover for makers.
What happens if a fire stops my production for a month?
This is where Business Interruption kicks in. While Property Insurance pays to fix the scorched machines, Business Interruption helps pay the bills (and staff) while you’re standing still. It’s designed to keep your bank balance healthy even when your factory floor is silent. We help you calculate the right amount so you’re not left out of pocket.