Running a manufacturing business comes with unique risks and challenges.
Which is why we offer tailored insurance solutions to meet your specific needs. As a manufacturing business, it’s important to protect yourself against a variety of risks, including:
- Property damage
- Equipment breakdowns
- Liability claims
- Business interruption
- and more
We offer a range of insurance products that can help you mitigate these risks and protect your business.
Here are some of the insurance solutions we offer manufacturing businesses:
Many manufacturing businesses require specialized equipment and machinery to operate, which can be expensive to repair or replace. Property insurance can protect your business against losses caused by events such as fire, theft or natural disaster.
Equipment Breakdown Insurance
Equipment is critical to manufacturing operations, and breakdowns can result in significant losses. Equipment breakdown insurance is designed to cover repair or replacement costs - as well as any resulting business interruption.
Liability risks abound in the manufacturing sector, ranging anywhere from product liability and environmental liability claims, to workers' compensation claims. Liability insurance can protect your business against these risks and supply coverage for legal defense costs.
Business Interruption Insurance
Manufacturing businesses depend on day-to-day operations to generate revenue. In the event of a covered loss, business interruption insurance could cover loss of income, ongoing expenses, and additional costs associated with resuming operations.
Cyber Liability Insurance
As technology advances, so does the cyber risk facing the manufacturing industry. Cyber liability insurance can protect your business against losses caused by data breaches, cyber attacks and other technology-related incidents. Cyber liability insurance can safeguard your business from shouldering costs associated with data restoration, business interruption, legal defense, and more.
International Risk Insurance
International Risk Insurance is designed to help you navigate the complexities of global business operations and develop insurance solutions that protect your business no matter where you operate. International risk insurance can provide coverage for risks resulting from political instability, currency fluctuations and trade disputes.
Mergers and Acquisitions Insurance
In the event of a merger or acquisition, TrueNorth can work with you to develop a customized insurance solution that addresses the unique risks and challenges of your transaction. Coverage options are designed to address breach of warranty, successor liability, and other transaction-related risks.
Workers' Compensation Insurance
Manufacturing businesses of all sizes are responsible for ensuring workforce safety and well-being. Workers' compensation insurance offers coverage for medical expenses and lost wages in the event of a workplace injury or illness and can protect your business against potential lawsuits related to workplace injury or illness.
Environmental insurance is designed to help manufacturing businesses mitigate any incurred risk stemming from environmental operations, such as pollution or hazardous waste. Environmental risk insurance can offer coverage for cleanup costs, legal defense, and other expenses associated with environmental liability claims.
Loss Control Services:
At TrueNorth, we understand that preventing losses is just as important as protecting against them. That's why we offer loss control services to help you identify and mitigate potential risks. Our loss control services can include:
- Risk assessments
- Loss trend analysis
- On-site safety and hazard assessments
- Workplace safety program development
- Best practice reviews and product liabilities
- Safety committee development
- Training resources
- Customized risk management strategies tailored to your specific business needs.
We take time to understand your unique risks and tailor insurance solutions that will meet your precise needs. Our experienced agents are dedicated to helping you protect your manufacturing business so you can focus on what matters most – growing your business.
Contact us today to learn more about our insurance products and how we can help you protect your manufacturing business.