Master Manufacturing Plant Protection with Exclusive Insurance Secrets
Types of Insurance Coverage
Manufacturing plant insurance typically includes several types of coverage, each tailored to address specific risks:
- Property Insurance: This covers damage to the physical structure of the plant and its contents due to events like fires, floods, or vandalism.
- Business Interruption Insurance: This coverage compensates for lost income and operating expenses if your plant operations are halted due to a covered event.
- Liability Insurance: Protects against claims arising from injuries or damages that occur on your premises or due to your products.
- Equipment Breakdown Insurance: Covers the cost of repairing or replacing machinery and equipment that fails due to mechanical or electrical issues.