Protecting Your Business With the Right Insurance Coverage

As a manufacturer and business owner, your company provides tremendous value to the economy and to your community. That is why it is important to know that your business and your reputation are protected with the right insurance. Reno Insurance Agency provides coverages that are tailored to meet many of the needs specific to your manufacturing business.

Manufacturing insurance is a type of commercial insurance that is designed to provide protection for businesses that are involved in the manufacturing or production of goods. This type of insurance provides coverage for a variety of risks and exposures that are unique to the manufacturing industry.

Manufacturing insurance must include property insurance, which covers damages or losses to your manufacturing facility, equipment, and inventory. This can include coverage for damage caused by fire, theft, or natural disasters. In addition, manufacturing insurance also needs to provide coverage for business interruption, which can help your business recover lost income if you are unable to operate due to a covered loss.

Manufacturing insurance must also include liability insurance, which covers damages or injuries caused by the products or operations of your manufacturing business. This can include coverage for bodily injury, property damage, and product liability.

Manufacturing insurance is an important type of coverage for businesses that are involved in the manufacturing industry. It can help protect your business from financial losses resulting from property damage, liability claims, and other risks and exposures that are common in the manufacturing industry. It is our goal at Reno Insurance Agency to determine your specific insurance needs and ensure that you have the right coverage to protect your assets and operations.

Manufacturing and Distribution Insurance Coverages May Include:

• Brands and Labels - If you have branded or labeled merchandise that is damaged by a covered cause of loss, this coverage allows you to remove the labels or stamp “salvage” on the merchandise to help protect your company’s reputation and that of your products. By removing these labels or stamping them as salvaged, it will allow you to dissociate yourself from these products.
• Manufacturers Selling Price - We will determine the value of the finished stock you manufacture in the event of a loss or damage at the selling price. This coverage protects you against the loss of profit that otherwise would have been earned from the sale of the finished stock, had it not been damaged by an insured peril.
• Manufacturers Consequential Loss Assumption - In the event of a direct physical loss to your stock, this coverage pays for the reduction in the value of the remaining part of stock in process, if the direct physical damage resulting from a covered cause of loss.

Manufacturing and distribution companies have special insurance needs. We invite you to meet with Reno Insurance for an honest discussion about your business. We have 60 years of experience protecting businesses from risk factors, so you can confidently focus on growth. Call us today at 937-388-8046