Manufacturer’s Insurance in the Maritimes
Do you find yourself worried about the liability from the products you manufacture? Even if a “less litigious society” like Nova Scotia, New Brunswick or PEI, it’s important to have proper coverage unique to your manufacturing business.
It’s a valid concern given all of the variables involved but with a manufacturer’s insurance policy, you’ll be able to concentrate on your business.
As the owner of a manufacturing business, each product that comes through the assembly line represents you. Once it gets sold, however, you can’t control how it is used and the liability stays with you.
Your Manufacturer’s Insurance Options
Manufacturer’s insurance incorporates liability insurance to shield you from product liability lawsuits and can also include the following coverage features:
- Equipment Breakdown
- Property Protection
- Business Interruption
- Umbrella Liability
You may feel that you are already covered in these areas with a general business insurance policy. However, most policies will not automatically include features such as product liability and equipment breakdown–and these are your major risks at the front and back end of production.