Manufacturing Insurance
Manufacturing Insurance covers a manufacturer’s responsibility for losses or injuries to a user, buyer, or bystander caused by a defect or malfunction of their product.
This is typically in the form of manufacturing or production flaws, design defects, or defective warnings or instructions.
- Machinery Breakdown
- Machinery Loss of Profit
- Storage Tank
- Fire
Description
Machinery Breakdown – Covers unforeseen and sudden damage to the covered machinery while at work or at rest.
Machinery Loss of Profit – Incorporates an inspection service and provides cover against any damage to the insured plant or property & property damage and bodily injury to the third parties caused by explosion and collapse of boilers and pressure plants.
Storage Tank – Cover against physical loss or damage to electrical equipment by any cause other than those specifically excluded by the certificate/policy.
Fire – Covers damage or loss to a property because of fire and other specified perils.