Manufacturing risks are historically known to be exposed to a higher risk of fire and product liability claims.
Areas we look at from a risk management perspective are the ways we can insure the assets in a national program that adequately insures the risks but limits the overall limit any one loss to an area or region reducing overall spend.
When looking at a manufacturing risk we pay special attention to the fire safety procedures and waste management systems. Due to high fire loads traditional small events can turn in to major losses. On certain risks Finsura would engage an external risk surveyor to assist in producing a comprehensive report for you to review and identify risks to your business.
Machinery breakdown for plant is an important cover in some factories depending on the values associated with some machines and the costs to bring parts from overseas or be custom rebuilt. Associated business interruption is often overlooked by inexperienced brokers as the failure of major piece of plant could cause long term delays in production.
Any one importing or manufacturing products in Australia has a significant risk to products liability claims of personal injury or property damage. When we evaluate your risk we are looking at the overall exposure.
With insurers predicting more volatile weather conditions over the next 10 years property is at a higher risk to weather related loss than ever. Good risk management is a combination of identification of risk and then creating a workable plan involving transfer of risk to insurers and mitigating risk via internal mechanisms. Insurers and brokers like ourselves play a major role in developing the right balance that suits your business objectives and processes without adding burden to your daily operations. We are experienced with your industries and know how to tailor a package to meet your needs.
Types of insurance your package can include:
- Industrial Special Risk Insurance incl cover for 100% EPS risks
- Public & Products Liability
- Management Liability incl D & O
- Marine Transit Insurance
- Product Recall Insurance
- Cyber Insurance
- Tax Audit
- Machinery Breakdown
- Motor Fleet
- Workers Compensation Management
Some of the occupations we insure:
- Food Manufacturers
- Drink Manufacturers
- Textile Product Manufacturing
- Clothing and footwear manufacturing
- Wood product manufacturing
- Kitchen Manufacturers
- Plastic Manufacturer
- Metal Manufacturer
- Glass Products Manufacturer
- Equipment manufacturing
Why choose Finsura?
Industry specific, tailored packages We offer tailored insurance packages for your Industry. You can choose if you want all the covers or just one.
Anywhere within Australia
We can include automatic cover anywhere within Australia for all your activities & locations plus include them under one policy.
Your dedicated client manager ensures that your insurance package meets your individual needs. They are there to provide you with advice and to answer any of your questions.
Hassle Free Claims
If something is to go wrong, your claims manager works for you, to ensure you get what you deserve.
Finsura understands the risks you face not only on a daily basis but in the long term. We offer tailored insurance packages for your Industry. Talk to us today to get an insurance package designed for your business.
Contact us today to find our more. Call us on 1800 252 712 to speak to an adviser or request a quote.