Manufacturing Insurance
Helping manufacturers transform ideas into new products
In a varied sector, manufacturing insurance needs to keep pace with the breadth and depth of products being developed. That’s why Travelers treats each company differently, with a tailored approach to manufacturer’s insurance that protects the progress made as new products are created.
From making truck bodies and power tools, to metal furniture – companies can rely on specialists who firmly understand the industry risks. Travelers offers insurance for manufacturers that can help businesses achieve their plans and aspirations.
Spotlight video: Manufacturing insurance
Discover the key highlights of our manufacturing insurance in just a few minutes. Watch James Hampson, Portfolio Manager, as he outlines the risks and challenges facing manufacturing businesses and how Travelers’ tailored cover can offer specialist protection.
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Logo: A red umbrella. Text: Travelers. Spotlight on Manufacturing Insurance. Overview of Travelers Manufacturing Insurance. James Hampson, Portfolio Manager – Manufacturing.
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At Travelers, we understand the unique challenges facing manufacturers. Our specialist manufacturing insurance isn't just another commercial combined policy - it’s protection engineered specifically for this sector.
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Text: Cover tailored for manufacturing risks
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Our comprehensive product combines property, casualty, and motor coverages tailored to address the unique risks faced by manufacturers.
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Text: Why does a business need this insurance?
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Manufacturers currently face huge complexity in an ever-evolving landscape. They face significant property exposures, including unattended machinery operating during occupied and unoccupied periods. They also face the challenge of increased automation and specialised custom equipment that may be difficult to replace in the event of a loss; whilst also ensuring consistent product quality across more diverse supplier networks. Manufacturing operations also present elevated risks of long-term health issues and chronic diseases among employees. Companies are also faced with the challenge of ever-increasing globalisation, which inflates potential export exposures and vendor liability issues. Cumulatively, these examples create a risk profile that standard commercial insurance cannot adequately address, and that’s where our specialist manufacturing cover steps in.
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Text: Who is this product for?
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We specialise in metals and industrial machinery manufacturing. Our coverage targets firms that derive most of their revenue from manufacturing static machinery used in controlled industrial environments, as well as metal goods manufacturers primarily engaged in machining and stamping operations.
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Text: Machinery manufacturing, metals manufacturing
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In addition, we also cover a range of other sub sectors which we have specialist wordings for.
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Text: Our appetite also includes:
• Plastics
• Printers
• Food & drink
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Text: Why Travelers?
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Our specialist underwriters, risk managers and claims professionals have a clear focus on our clients in the manufacturing sector. Our proposition is one that aims to be a true partnership which adds tangible value to any manufacturing business. Coverage can include: Errors & Omissions - which protects against claims of inadequate work or negligent actions. Efficacy – where we can cover claims if products do not meet advertised performance standards. And we also offer a proactive rehabilitation service. In the event of an injury to an operative, we will carry out a telephone needs assessment and make onward referrals, reducing claims costs and hopefully time out of work for the employee.
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Text: Proactive rehabilitation service
• In-house nursing team
• No additional charge
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We can also now offer improved specialist modular wordings for manufacturing, which not only makes it easier to understand what is covered, but also further improves the coverage itself.
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Text: Modular wording available.
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With our teams based across seven offices throughout the UK and Ireland, we can provide a local presence, whilst being part of a global company with worldwide reach through our multinational facility.
And with our parent company being based in the United States, Travelers has a far deeper understanding of the US exports market than many insurers, something that can be a real challenge for manufacturers to navigate.
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Logo: A red umbrella. Text: Travelers. This video is provided for general informational purposes only. It does not, and it is not intended to, provide legal, technical or other professional advice, nor does it amend, or otherwise affect, the provisions or coverages of any insurance policy issued by Travelers. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions, and any applicable law. Travelers operates through several underwriting entities in the UK and Europe. Please consult your policy documentation or visit the websites below for full information. travelers.co.uk travelers.ie
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
Metals
- Fabricating
- Shaping
- Finishing
Machinery manufacturing
- Weighing and packaging machinery
- Power and cutting tools and their accessories
- Metal pressing machinery
- Industrial machinery
Metals manufacturing
- Manufacture of non safety critical components
- Computer numerical control (CNC) machinery
- Manufacture of low- and medium-hazard vehicle components
- Manufacture of truck and trailer bodies
- Manufacture of metal furniture
- Manufacture of packaging containers
Travelers advantage
In such a diverse sector, things likely won’t always go to plan. Travelers offers specialist expertise you can count on to address the risks faced in the manufacturing industry thanks to a detailed and bespoke underwriting process.
- Financial strength. Financial strength and stability with international reach.
- Experience & expertise. Long-term industry experience combined with deep specialist underwriting expertise.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- Dedicated risk managers & consultants. Access to risk consulting from trusted experts.
- Multinational reach. Tailored coverage and support in more than 150 countries.
- USA risk portal. Access to the Travelers U.S. risk portal.
- Rehabilitation. Aid injured employees return to work with Travelers Proactive Rehabilitation Support.
Manufacturing covers & highlights
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Travelers' manufacturing policy provides the following covers
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- Property damage
- Business interruption
- Employer’s liability
- Public and products liability
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The policy also includes the following optional covers
- Computer all risks
- Terrorism insurance
- Goods in transit
- Money and personal accident
- Deterioration of stock
- Outstanding debit balances
- Errors and omissions
Business questions
Help us better understand the risk
- Can you provide us with all the relevant information about the construction of your premises?
- What are the fire prevention, detection and protection measures?
- Who are the staff, their training, health and safety, and respective record keeping?
- What are the risk assessment and safe operating procedures?
- What are the quality control, labelling and contractual risk transfer protocols?
Let's get specific
These are the kinds of detailed questions we will ask to better understand day-to-day operations.
How close is the premises to a water main and full-time fire brigade?
What is the separation of the manufacturing and storage/warehousing facilities?
What are the current fire detection systems?
Are there any unattended (overnight or otherwise) processes that include battery charging?
Is there a process and schedule for any of the following?
- Fixed electricals and portable appliance testing
- Documented maintenance and cleaning programmes
- Documented waste removal programmes
- Smoking controls
- Thermographic testing of machinery
- Regular review and testing of business continuity plan
Is there a health and safety officer, and if so, what are their qualifications?
What is the ratio of permanent employees to agency staff within the business?
What controls are in place with regards labour only and bonafide sub-contractors?
Are there document processes for the following?
- Onboarding staff and induction programmes
- Role-specific training
- Manual handling procedures with appropriate training
- Care of substances hazardous to health (COSHH)
- Personal protective equipment (PPE) provided with mandatory usage where appropriate
- Occupational health monitoring
- Work-related upper limb disorder
- Noise assessments
- Accident reporting and monitoring
Are there documented (and regularly reviewed) risk assessments and safe operating procedures, including:
- Appropriate visitor guidelines
- Traffic movement
- Forklift truck protocols
Is there a quality control programme with full subrogation rights?
Is there an approved and documented list of suppliers?
Are there favourable terms of contractual risk transfer? This includes:
- No hold harmless agreements in place
- Strong traceability of materials
- Designs signed off by customers
- Working to customer specifications
What are the steps to make sure products have effective labelling?
Is the business ISO certified for health & safety and quality management systems?
Are products Conformité Européene (CE) marked?
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