Insurance solutions for manufacturing companies
Various different unexpected surprises can occur in manufacturing industry that can cost valuable time and money for your company. Common risks are damages to manufacturing complex, equipment and goods (e.g. fire, water damage, storm damage), business interruption and accidents at work. To manage these risks better, we recommend to buy insurance. This way the company can focus on its core business and leave the mitigation of risks to ERGO.
What kind of risks may materialise?
A company operating in manufacturing industry faces various risks. Here are some real-life examples of insured events.
Building and equipment get damaged during the manufacturing process
Fire may break out, water damage may occur and storm may damage the production building during the manufacturing. For example, the production line may catch fire, causing damage to the production building and equipment, which results in business interruption. Also, both goods and customers might get harmed during the loading of the goods. An employee might also get into an accident during production.
Product defects occurring after the transfer of a product
There might have been an error during the manufacturing process affecting the quality of the product and thus the sold product will cause damage to its user. For example, the sold frozen berries might have been spoiled and caused damage to the yoghurt producer who used the berries, but whose production does not satisfy the sales standards for that reason. A chest of drawers of a furniture manufacturer might be erroneously designed resulting it being dangerous to the customer who bought it.