Manufacturing Insurance

Manufacturers Insurance is designed to protect a Company’s legal liability for injury or damage sustained by purchasers or users of products. If your business supplies, manufactures, sells or processes products then product liability insurance is needed, although not compulsory 

The type of product you supply or manufacture, its use, and turnover relating to that product will normally be the information used to determine the cost of the products liability or manufacturing insurance. At the extreme end of the spectrum aircraft and motor components, medical items, baby food and new technology are all examples of products that insurers fear could lead to very expensive claims, especially if used in the North American market. 

For a company who simply sells products and is not involved in their manufacture, then one may think that product liability and manufacturers insurance is not required – this is not the case. If your business sells a product that causes injury or damage, the original cause may be the manufacturer but your business is likely to be the one that faces the initial claim and the associated costs. 

If your business manufactures component parts, it is beneficial to know what the end product is that your components are going into and how that product is used.  Many insurers exclude products liability for items used in a safety-critical role, if you are not aware of where your components are going you could have a gap in your insurance protection, which we would be able to assist you with. We understand that you may not always know what the end product is or its use, in these circumstance we would work closely with you and the relevant underwriters to make available products liability insurance where possible. 

To makes sure that your business gets the right protection at the right price call the Noyce Team to protect your Product and Business.