As the manufacturing industry continues to expand, the unique set of risks it presents is more complex than ever. From providing materials for intricate projects to managing logistics throughout product lifecycles - businesses have their work cut out when looking for ways to manage potential pitfalls.
Manufacturers have tapped into a new industrial revolution, advancing both technology and materials to keenly maximize productivity. This increased reliance on innovation has changed the insurance industry’s approach to property damage and bodily harm – requiring their policies be contemporary with modern advancements.
Manufacturers insurance is insurance that is designed to protect manufacturers from liabilities that may arise from their products. This type of insurance can help to cover the costs of any lawsuits that may be brought against the manufacturer, as well as the costs of defending against those lawsuits. Additionally, product liability insurance can help to cover the costs of any damages that may be awarded in a lawsuit. This can help to ensure that the manufacturer is not left liable for any damages that may be caused by their products.
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Manufacturing can be broad so we've broken it down into some of the top types of manufacturers we see.
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