This occupation grouping covers a diverse range of industries/products. Exposure will vary considerably with
The public liability exposure for manufacturers will normally be low to moderate, although on-premises showrooms or retail outlets will increase the exposure. Public liability risks at the premises include:
Work away from premises is limited to deliveries.
An important consideration for the liability underwriter/adviser is whether production areas are separated from administrative and sales offices, showrooms etc and whether facilities have adequate fire separation and soundproof walls to contain and control the production area noise level. If not, risk exposure is increased.
Visitors to the manufacturing sectors of the factory will be rare; tours are highly unlikely. There may, however, be buyers, delivery people and repair people on the premises. A specific waiting area should be provided for drivers and delivery people.
The customer entrance and parking lot should be at a safe distance from the plant's receiving and loading areas.
The underwriter/adviser will also wish to investigate:
Since manufacturers are the main target of a product liability suit, the potential exposure for this occupation is moderate to high, depending on product. Exposure will
vary considerably depending on:
Good quality control is essential since most products are made of metal, which gives the end product strength and durability, but which necessitates specialised procedures in production. Each item needs to be designed to exacting specifications to ensure proper function of the finished product. Techniques such as forging, stamping, bending, forming, and machining are used to create each piece. In some cases, individual components then need to be welded or assembled together in the final product. At each stage of production and assembly, extensive testing takes place to maintain quality control standards.
Major sources of loss for this occupation grouping include:
The underwriter/adviser will be interested in:
During the manufacturing phase most quality control procedures are carried out by sight. The majority of manufacturers implement inspections at critical points in the production process i.e. wherever there is a possibility of defects that could result in claims.
Quality control is not only the responsibility of dedicated quality control teams/staff but also the responsibility of all production workers. Workers need to monitor the entire production process, making sure that individual parts, as well as the finished product, meet the standards set by the company.
Manufacturing Insurance Broker Brisbane:
Hunter Broking Group can assist with Manufacturing Insurance. Through industry specific insurers, your designated advisor has access to a comprehensive range of insurance products that can be tailored to suit most manufacturing, fabrication and installation companies. We can arrange insurance for various segments in the manufacturing industry, including:
Hunter Broking Group pride themselves on having a local presence with a national strength, our technical product experience allows us to manage and service Manufacturing insurance products such as:
Manufacturing Equipment Insurance is a core focus for our advisors, whether we are looking after small manufacturing equipment such as welders or large scale manufacturing equipment such as CNC machines or lathes, Hunter Broking Group have the experience to provide the appropriate advice for your size and risk exposures.
Our experienced brokers can help you get the most appropriate insurance cover by assessing your specific needs and recommending the best value insurance solution for your business, whilst still maintaining the highest standard of cover.
Surround yourself with professionals who make your life easier, when you call through to us – this is our objective.