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Manufacturers Insurance

Manufacturer insurance, also known as product insurance, protects a manufacturer or supplier of a product from the cost of a compensation claim (usually injury) as a result of faulty design or defective manufacture. As a manufacturer you may be considered liable for any injury or property damage as a result of using your product, even if the fault is traced back to a component you have bought in a claim can still be made against you.

Manufacturing companies’ legal responsibility

Under the Consumer Protection Act 1987, products must be “fit for purpose” manufacturers are legally responsible for any damage or injury that a product you supply may cause.

Product suppliers

If you supply a faulty product, claimants may try to claim from you first, even if you did not manufacture it. You’ll be liable for compensation claims if:

Depending upon the nature of the processes involved, your day to day business will face many challenges. These may include costs associated with the breakdown of custom made machinery, the fluctuation in currencies for imports and exports, health and safety of your workforce and the public as well as the more usual risks of theft, fire and flood.

So, as well as your day to day business insurance such as buildings, business interruption, theft and goods in transit, Baslow Insurance Services Limited will work with you to understand the intricacies of your business, and then survey the market using a range of insurers to find an insurance solution that fits your needs.

Factors that will be discussed and taken into consideration when obtaining a quotation are whether you have:

Other factors taken into consideration and need disclosing are whether:

The complex range of risks associated with working in manufacturing means that sourcing an insurance solution designed for your business can prove challenging. Baslow Insurance can help guide you through the process of sourcing a product to suit your needs.Many substances used or created at work can be harmful – from dust, gases and fumes to liquids, gels or powders. There could also be harmful micro-organisms present that can cause infection, an allergic reaction or are toxic. As an employer, you have a duty to look after the wellbeing of your employees so it’s important to eliminate, reduce the use or control these substances. Put the right measures in place to protect against harm from harmful substances You can also find out more about this on the Health and Safety Executives website to describe more about harmfull substance.

If your business ever starts to store harmful substances, you need to review how you can eliminate, reduce the use or control these harmful substances. You can also find out more about this on the Health and Safety Executives website.

 

Why Choose Baslow Insurance

Quick, competitive quotes
We work hard to understand our clients needs
Tailored quotes for each of our clients
We always go that extra mile for each of our clients

For a Custom Quote Call us now on 01629 813897

Alternatively, you can request a call back here



"...they not only saved me money but were also able to reduce my policy excess and give me better cover. I would recommend a call to them"

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