INSURANCE FOR BUSINESS | INDUSTRY SECTORS

Manufacturing

If you produce anything and sell it on then you would be classified as a manufacturer. We have offered bespoke insurance solutions for over 45 years to a wide range of manufacturers, from food producers and high-tech risks to more traditional engineering and fabrications risks.

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Why Choose Us?

Risk Review

Full risk audit to identify any gaps in cover.

Business Interruption

Assessments ascertaining correct sum insured, indemnity period and any additional covers.

Loss Assessor Service

Dedicated loss assessor to help in event of significant claim.

Insurance for Manufacturers Explained

Your Insurance Programme needs to consider every aspect of your business to include what you manufacture, what processes are involved, who you customers are, where your end product goes and how it is distributed.

Factories, warehouses and production lines can also be busy places and accidents can happen. You need to make sure that you have adequate liability insurance in place to deal with any incidents that could occur.

Insurance for Manufacturers Explained

Your Insurance Programme needs to consider every aspect of your business to include what you manufacture, what processes are involved, who you customers are, where your end product goes and how it is distributed.

Factories, warehouses and production lines can also be busy places and accidents can happen. You need to make sure that you have adequate liability insurance in place to deal with any incidents that could occur.

Insurances To Consider

Material Damage Insurance to cover your building, machinery, stock, contents, money etc.

Business Interruption Insurance is designed to protect your business against a financial loss suffered as the result of a property claim. Unlike buildings insurance, which only covers physical damage, business interruption insurance exists to cover the income that your business would have received had the incident not happened. This insurance can often mean the difference between a business surviving or ceasing to trade in the event of a major fire, flood or similar incident.

Public Liability – Public Liability should be seen as essential if you have customers or members of the public visit your premises. A manufacturing environment can be extremely hazardous, especially if the visitor is not trained or has little knowledge or understanding of their surroundings.

Product Liability – Manufacturers are often held accountable by law should a product that you make injure a customer or damage their property. Product liability insurance will cover you for legal costs and compensation from any such claims.

Product Recall Insurance is designed to protect you in the event of you needing to recall a product due to a manufacturing error, a product safety issue or for a whole host of other reasons.

Employers’ Liability This a requirement by UK law if you have anyone under your employment whether full time or casual volunteers. This will provide cover for you should an employee have an accident in the workplace or suffer an illness as a direct result of working for you. Liability claims can be costly and time consuming and are always a threat within manufacturing.

Goods in Transit

goods in transit insurance policy is designed to protect your materials, goods or cargo if they lost, stolen or damaged in transit,

Marine Cargo

This Insurance gives you full cover for your goods in the event of a loss, whether transported by road, sea, air or rail.

Stock Throughput Insurance could be relevant to you if you need cover for moveable goods include raw materials , semi-finished and finished goods. Your goods are covered whether in transit, or in storage at owned or third party premises. A stock throughput policy can offer a seamless coverage of goods and more control of inventory risks throughout the entire supply chain.

Directors & Officers Liability covers the cost of compensation claims against the Directors and Key Managers (officers) of the business for alleged wrongful acts.  One of the Key covers for manufacturing clients can be covering the cost of HSE Fees for Intervention.  If the Health & Safety Executive (HSE) visit your site to investigate an accident or in an unannounced inspection and discover a violation of health & safety regulations an HSE Fees for Intervention (FFI) will be charged. When the material breach has been resolved the HSE inspector will provide a written report detailing the law that has been broken, the reasons for their opinion and the notification of the fee.

Motor Fleet Insurance is designed for your business if you need to insure multiple vehicles and want to ensure that they are all covered under one motor policy. The advantage of a fleet is a common renewal date for all of the vehicles and the flexibility of any driver cover. Insurers will also look to give discounts for well managed fleets that show a good attitude to Driver training and Risk Management.

Machinery breakdown insurance provides a security cover to the machines used by your business factories and industries. This insurance covers accidental breakdown and physical damage to the machinery and the cost of repairs or replacement of the damaged machine parts

Engineering Inspection service is used to make sure that equipment such as, lifts, boilers, etc are safe to use and inspected to the minimum legal requirements.

Commercial Legal Expenses is designed to help you get legal advice as soon as possible, hopefully to avoid the issue becoming too serious. However, should a serious legal problem occur, it will provide cover for legal representation if the matter needs to go to court.

Commercial Crime Insurance is there to cover you in the event of Fraud. All organisations are vulnerable to Fraud regardless of size. Fraud can take many forms – including the theft of cash, stock and other assets; forgery, embezzlement and computer crime – and can continue for many years, often discovered purely by chance. The financial impact on a business can be devastating, but what is often overlooked is the resulting threat to your business processes, how it erodes the integrity of your employees and tarnishes your reputation.

To discuss any aspect of your insurance requirements with us, please contact us and one of our dedicated Account Executives will be in touch to assist you further.

2020 saw 85,000 manufacturing work related incidents including 15 fatalities. There were 89 successful prosecutions for negligence or related offences, with average fines of £181,000. We can help you put together a robust risk management programme to provide affordable and comprehensive insurance.

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Wheelock, Sandbach,
Cheshire, CW11 4RD.
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R.K. Henshall © 2021

R K Henshall & Co Ltd are Independent Intermediaries and are authorised and regulated by the Financial Conduct Authority. Directors: J.R. Henshall B.A.(Hons) ACII Cert CII (FS), A.J.Simpson ACII, T.R.Dredge DIP CII, A.Brown FCCA. Director/Company Secretary R.K. Henshall ACII. Registered No. 1285024

R K Henshall are very proud to support Lupus UK. Lupus UK is a charity very close to our hearts. Unfortunately, Nita Davies who had been a stalwart of our company from it’s very beginning lost her battle against this terrible illness in 2013. Lupus UK is the only National Charity which supports people with the immune system illness. (Registered charity nos. 1051610, SC039682) Click here to read more about Lupus UK.