Machinery manufacturers face a wide range of unique exposures.
By working with an experienced insurance provider who understands the specific risks and needs of your business, you can help protect your investment and keep your business running smoothly.
SECURA works with many machinery manufacturing companies, providing customized insurance solutions for businesses of all sizes.
Don’t see your business listed? Have a conversation with your local agent to learn more about how SECURA Insurance is right for your business.
A faulty electrical system sparks a fire in your production area. All employees are safe, but there is extensive damage to your facility and equipment. Commercial Property insurance could help cover the cost of repairing or rebuilding your facility and equipment, so you can focus on your business.
You rely on an online ERP and automation systems to manage production processes, logistics, and product designs. One day, a hacker infiltrates your company’s systems and gains access to sensitive manufacturing data and proprietary designs. This breach not only leads to a temporary shutdown of production but also raises concerns about the potential theft of intellectual property.
In this scenario, Cyber insurance could help cover the costs associated with investigating the breach, recovering lost data, notifying affected parties, and potential legal expenses. This coverage helps mitigate the financial impact of production disruptions and safeguards valuable intellectual property.
A precision CNC machine you rely on for production suddenly breaks down due to an electrical issue. Equipment Breakdown insurance can help cover the repair costs and minimize production downtime, so you can get back to business.
During a production tour of your machinery manufacturing facility, a visitor slips, falls, and sustains an injury. General Liability insurance could help the machinery manufacturer with the medical expenses and potential legal costs if the injured client decides to file a lawsuit.
Your manufacturing company produces sewing machines. Despite rigorous quality control processes, a defect in one of the machine parts goes unnoticed, and the flawed sewing machine is shipped to customers. Several months after customers begin using the sewing machines the defective part malfunctions, causing the entire sewing machine to fail. This failure leads to injuries among multiple customers, resulting in a joint lawsuit against your company alleging negligence in quality control and design.
In this case, you would need Product Liability insurance to cover the costs associated with the lawsuit. This may include legal expenses, settlements or judgments, medical expenses for the injured parties, and any potential damage to your reputation. Without product liability insurance, the financial burden of defending against the lawsuit and compensating the injured parties could seriously impact your operations and finances.
You have a team of skilled workers operating heavy machinery on the production floor. One day, an employee operating a CNC machine sustains a serious hand injury while on the job. Workers’ Compensation insurance could cover the injured employee’s medical expenses, rehabilitation costs, and a portion of their lost wages. Additionally, it helps with costs that you may be responsible for, such as potential lawsuits related to the workplace injury.
Benefits that work
SECURA operates in 13 states with a variety of business insurance solutions, and we are proud to support the communities that have welcomed us for more than a century.