Machine Shop Insurance

As an owner of a machine shop you are responsible for the services and products provided to your customers. You are also responsible to keep your business, employees and customers safe from financial hardships that might arise out of an accident, theft or lawsuit. Hier Insurance takes over the responsibility of covering your business, employees and customers via its general and customer made insurance plans especially designed for Machine shops.

Machine shop insurance cover a wide range of industries ranging from but not limited to Instrument Manufacturing, Tool Manufacturing, Pattern Manufacturing – metal, Valves Manufacturing, Cut-Off Shop (Saw, Laser and Waterjet), Goods Manufacturing , Goods Manufacturing – Stamping, Grinding Shop, Metal Heat Processing, Machine Shops (metal, plastics or composites), Plastic Mold Injection Manufacturing, Rubber Goods Manufacturing, Sheet Metal Work – shop only, Machinery Parts Manufacturing, Wire Goods Manufacturing. Apart from that a wide variety of metal-working tools are covered by Hier Insurance including but not limited to Drills, Milling machines, Cutting and welding equipment, Lathes, Presses, Grinding machines, Polishing machines.

As an owner or operator of a machine shop business you need to have bodily injury coverage to protect your customers in case they are hurt on your business premises of due to the nature of your business, the medical and legal expenses will be covered for your company via bodily injury coverage. Property damage coverage will have your business covered for claims arising from the damages to a customers’ or a third party’s property.

Products and completed operations coverage is the essential component of insurance you should carry as a machine shop since this is going to cover your company in case there is a lawsuit claiming damages for faulty or broken down products or services even after you have delivered your finished product or completed your job. Personal and advertising injury is going to ensure coverage for any claims arising out of accusations of slander or false advertising from your end. In case you are employing people on your payrolls go in for workers compensation and payroll management.

Discuss the nature of your business, the number of years you have been in business and the area you operate in with professionals from Hier Insurance; they will advise you on the best insurance packages for your Machine shop.