Engineering Insurance

What Is Engineering Insurance?

Engineers design and manufacture products to be used by their business partners and members of the public which are heavily relied upon to be dependable. The high standard of insurance for an engineering company needs to be equally reliable in case the unexpected happens. Regardless of your trade or size of the operation you are running, unforeseen accidents in your factory can result in huge financial losses.

Fortunately, we can help build a bespoke insurance policy for you which encapsulates all of the key aspects your business needs. This will help support the future of your company and protect your clients, employees, buildings, machinery, assets and financial stability after an insured event. Our advisors are here to discuss any questions you have and provide you with a tailored quotation, hassle-free.

"Quick communication and very professional. Ryan is particularly helpful and replies almost immediately whenever I need help or advice. Highly recommended."

Core Engineering Insurance Cover

Public Liability Insurance

If a member of the public is injured, suffers sickness or their property is damaged as a result of visiting your premises, they may make a claim for compensation. Public liability insurance protects your company against any legal fees brought forward by the third party.

This product is at the heart of what we do. Cover usually ranges between £1 - £5 million but we can provide higher levels of cover if your business requires it. If you have visitors to your premises that you do not employ or your work impacts on members of the public, it's likely you'll need cover for public liability.

Employers Liability Insurance

As a legal requirement, if you employ any members of staff (such as engineers, cleaners or apprentices) then you should have minimal employers liability cover of £10 million. This helps protect your company against financial losses if an employee is injured or falls ill after your negligence. Our team can build employers liability insurance into your package to give yourself and your employee's peace of mind.

"Always there to help in any situation, very professional and quick to reply"

Buildings, Contents And Stock

You may own your factory or manufacturing premises from which you operate. If so, insuring your building will safe guard it against insured events such as: fires, floods, bad weather, theft and vandalism. We would also recommend insuring your essential contents and stock in case they are destroyed or stolen. It's important to have the correct levels of cover in place to avoid being under insured and subsequently under paid if you need to make a claim.

Machinery And Raw Materials

Within your factory, your engineers will use high value specialised machinery and materials to get their job done efficiently. These vital assets of your business are used to fulfil the production demands of your clients. If the equipment you need is stolen or damaged, it's likely that it will affect your production which ultimately triggers loss of income. We make sure that any machines, materials and business equipment have accurate levels of cover under your policy. In the event that a disaster happens and for example, a flood damages your manufacturing equipment, you will then be covered for replacements with minimal disruption on your workflow. Without the correct defences in place for your assets, it could be financially crippling to recover after a catastrophe.

Products Liability Insurance

If, for example, you run a precision engineering company that designs and creates machinery or engage in chemical engineering to produce food, you may need products liability insurance. This would be essential if someone is injured after using a faulty machine that you produced or becomes ill after consuming food manufactured in your plant, you could be liable to pay for their legal claims. We can build this product into your policy to protect your business from such claims, allowing you to focus on producing quality goods and strong relationships with your clients.

"Thorough discussions and 2 site visits made by Kevan. Everything a local broker should be."

Business Interruption

Business interruption can help you get back up and running after an insured event devastates your business (such as fires, floods or severe criminal damage). This product can be built into your engineering insurance policy and will replenish any loss of income you have suffered after being forced to close down temporarily. You can rest assured, trusting that we will plan ahead for you in case the unthinkable happens.

Obtain Comprehensive Cover

Don't hesitate to speak to us if you have any questions about your cover. We understand that companies in the engineering sector operate in unique ways and sometimes, a bespoke insurance policy is the way forward to contain all your risks. Our team are here to take care of the complexities and can provide you with a comprehensive quotation without breaking the bank. Simply get in contact with us to discuss the cover you require because we are always here to help local businesses.