We understand the unique risks of metal manufacturing.
By working with an experienced insurance provider who understands the risks and needs of metal manufacturing businesses, you can ensure that you have the right insurance coverage in place to protect your investment and keep your business running smoothly.
SECURA works with many metal 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.
Your metal manufacturing company produces industrial machinery parts. Despite your company’s high standards for quality control, a defective product is shipped to a customer and causes injury. The customer files a lawsuit against your company for damages related to the injury. General Liability insurance would help cover legal fees and damages awarded to the injured party up to the policy limits.
Manufacturing processes involving metal fabrication and cutting may generate sparks or heat that could lead to fires. Property insurance can help cover the cost of repairing or replacing damaged buildings, equipment, inventory, and other assets.
While working in a metal manufacturing facility, an employee cuts themselves on a sharp piece of metal. They require medical attention and need a week off of work to recover. Workers’ Compensation insurance will pay for the medical care of your employee, as well as any lost wages for the employee while they are unable to work during their recovery.
Workers’ Compensation insurance also provides access to our Nurse Hotline service, which provides your employees with 24/7 access to a registered nurse if an injury occurs on the job. A registered nurse will determine the nature of the injury and, if appropriate, transition your employee to a telemedicine physician who specializes in work-related injuries and illnesses — eliminating their need to travel and spend hours in an urgent care or emergency room facility.
Product Recall Expense coverage
Your metal manufacturing company produces cooking pans. An employee discovers some pans have a defect that causes them to crack and break during use, resulting in a product recall of the defected pans that have been sold.
The cost of a product recall can be substantial, and can include expenses such as notifying customers, shipping and handling of returned products, disposal of products, and temporary staffing increases. If you do not have Product Recall Expense coverage, you could be responsible for covering these costs yourself, which can be financially devastating.
Manufacturing Errors & Omissions (E&O)
Your metal manufacturing company produces a batch of steel rods that have a defect in their composition, making them prone to break easily. If these defective metal rods are sold to a construction company and used in a building project, they could fail during construction and cause property damage or injury.
Your General Liability insurance policy will cover such claims as property damage and injury, but this policy will not compensate you for expenses to correct the steel rods. Manufacturing Errors and Omissions coverage can help cover the costs to repair or replace defective products.
Manufacturers Work in Progress is an optional coverage within the E&O coverage that provides a sublimit to cover damage to the product or personal property of others that you are legally responsible for, if the damage is caused by a wrongful act, and the product or property is still in your possession.
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.