Manufacturing Insurance in Massachusetts

• Beverage Manufacturers, such as drink bottlers, water bottlers, coffee roasters, wineries and breweries
• Food manufacturers, such as bakery plants, cheesemakers, ice cream makers and confectioners
• Meat producers, such as meat processing facilities and slaughterhouses
• Other producers, such as box makers and textile mills

Many other businesses might also want this type of insurance. 

Any business that’s not sure whether this insurance is right for them can speak with an insurance agent who’s knowledgeable about manufacturing policies. A specialized agent will be able to determine whether this is an appropriate type of insurance after reviewing a business’ operations, and the agent can recommend a specific type of manufacturing policy if necessary.

What Types of Manufacturer Insurance Are Available?

Many manufacturer policies can be adjusted for particular risks that are associated with different types of production. For instance, businesses might want a light manufacturing or a specialty foods manufacturing policy if they’re in one of these spaces.

Light manufacturing policies may be suitable for a range of businesses, possibly including any of the ones mentioned above. These policies tend to be for businesses that have $10 million or less in gross annual receipts and $7.5 million or less in total assets. The policies usually provide good protection at an affordable price.

Specialty foods manufacturing policies might be an option for food manufacturers, beverage manufacturers or meat producers. In addition to the common manufacturing coverages, these policies frequently provide robust food product/recall testing coverage and spoilage in transit coverage (see below).

There are still more manufacturer policies available for businesses that don’t fit the requirements of light manufacturing or have the coverage needs of specialty foods. An insurance agent who’s familiar with manufacturing policies can recommend a particular manufacturing policy that’s good for a business's products and operations.

What Coverages Do Manufacturing Policies Provide?

Manufacturing policies can adapt to many different manufacturing businesses’ needs, because these policies offer so many standard and optional coverages. Most of the available coverages can be segregated into property and liability protections.

Property protections normally protect assets or other tangible goods that a business owns. The following are some of the property coverages that manufacturers might want:

• Commercial Building Coverage, which may cover damage to a manufacturers’ facility or other secondary structures
• Manufacturing Consequential Loss Coverage, which may cover damage to manufacturing stock
• Consequential Loss to Stock Coverage, which may cover the lost revenue resulting from manufacturing stock damage
• Valuation-Selling Price Coverage, which may cover damage to finished products up to the products’ expected selling value
• Inland Marine Coverage, which may cover damage to or loss of finished products that are shipped to distribution centers
• Spoilage in Transit Coverage, which may cover food products that spoil during shipment
• Equipment Breakdown Coverage, which may cover emergency repair costs if essential equipment breaks down

Liability coverages generally protect against situations where a manufacturer could be held financially liable for damage, injury or other loss. A few liability policies that manufacturers might look for are:

• General Liability Coverage, which may cover commonplace accidents occurring on a main premise
• Manufacturers Errors and Omissions Coverage, which may cover mistaken advice that customers receive
• Product Recall Expense Coverage, which may cover the cost of issuing a product recall for defective goods
• Product Liability Coverage, which may cover injuries and damage caused by manufactured goods

How Can Massachusetts Manufacturers Get Manufacturing Insurance?

For help finding manufacturing insurance in Massachusetts, contact us at Garrity Insurance. Our independent insurance agents will work closely with you to find a manufacturing policy that’ll protect your business well.