For manufacturing and wholesale industries, there are a wealth of different types of risk due to the fact it covers such a broad range of businesses and professions. From printing, joinery and precision engineering to catering, food and wholesale baking to clothing and electrical manufacturing there are a wealth of business uses and therefore a great range of risks.
It is likely that you will need liability cover within your manufacturing and wholesale insurance policy to cover injury and damage to employees, contractors and members of the public and well as protection against the risk of human resources issues, such as employee tribunals. Prosecutions for aspects such as health and safety may also need to be considered when planning your policy coverage.
Risks can vary for different businesses and premises, but the typical risks that affect manufacturing and wholesale businesses that you are likely to need cover for include damage and theft to your property which can include the fixtures and fittings as well as equipment and tools. Other risks include machinery breakdowns and computer problems which can impact your daily work.
To ensure you get the right insurance for your wholesale business, you need to make sure that your business requirements are fully understood. Compare My Insurance will work with you to find out every aspect of what your business entails to ensure you have the correct level of cover in place for the lowest price depending on your risk level.
Compare My Insurance will work hard to find the right level of manufacturing and wholesale insurance that meets the needs of your business and will ensure you keep operating in the event of any risk occurring.
For joiners, tools can be an expensive aspect of the business, to protect your business from tool theft and damage, then add tool insurance to your manufacturing insurance cover.
To protect your business and your employees from the risks involved with precision engineering, then employers’ liability cover of up to £10 million will help to protect your business from compensation claims.
If your machinery suffers an unexpected breakdown, you risk missing deadlines, and you may be unable to fulfil customer requirements. With equipment insurance, you can protect your business from the cost associated with machinery breakdown.
With expensive food production equipment, you need to ensure that your business can keep running should anything happen to your necessary kitchen items. You may need to include equipment insurance in your wholesale policy to ensure your business doesn’t face disruption.
Keeping temperatures at the required level at your premises is essential. If your temperature control equipment malfunctions, it could cause spoilt stock that can cost a lot through damaged inventory. With wholesale insurance, you can protect your business from the risk of stock damage.
Wholesale business can suffer potential unforeseen problems such as theft, fire and flood. Keep your clothing wholesale business protected with wholesale insurance that can include contents protection as well as public liability cover.