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Insurance Customized for Manufacturers
Your customers depend on you for precision manufacturing of the products they buy from you. You can expect the same commitment to the highest standards of excellence from Professional Insurance Associates for your insurance coverages.
If a fire destroyed finished goods waiting for shipment in your facility, would your insurance compensate you for their true worth? If your personal identity were stolen, could a damaged personal credit report negatively affect your business? Could you afford to take the time away from your business to re-establish your identity?
At Professional Insurance Associates we are dedicated to protecting your business, and our small business insurance packages are designed with you in mind. Our programs offer you coverages that address your unique needs - coverages that may not be available in other policies.
Designed for your Needs
You should look for the following protections in your policy:
- Off-Premises Utility Services
Extends coverage to include loss or damage to your property and stock caused by interruption of off-premises water, communication or power supply services, even when not owned by you. Also available as an option that protects your business income.
- Product Contamination
Pays for expenses you incur as a result of an accidental contamination of your product during the manufacturing process at your facility. Covers its loss of marketability, including product sold but not delivered.
- Product Recall and Replacement
Covers you against the unexpected cost of recalling your product from the market due to faulty design, errors in manufacturing or intentional tampering of your products that may cause harm to your customers or the public. Plus, coverage is extended to provide for the costs of replacing the recalled products. Precious Metals. Covers the precious metals used in your business, such as gold, silver, platinum and other precious alloys and metals, against loss by theft up to a specified limit.
- Transit Coverage
Extends your coverage for loss or damage to business personal property to apply to shipment by common carrier.
- Valuable Papers and Records
Protects the value of your time, work and research to re-create your customer records or files if they are damaged or destroyed by a covered loss.
- Valuation Changes - Manufactured Goods
Values your manufactured goods at your selling price, less discounts and expenses you would normally have incurred, in the event of a covered loss. In addition, you have the option to buy these important coverages:
- Limited Pollution Coverage
Provides coverage for specific events involving pollutants that occur as a result of your operation. Although pollution damages are not normally covered in a standard business owner’s policy, exceptions are available with this option.
- Umbrella Coverage
Provides you with up to $10 million of liability protection over and above the limits of other policies in your business program.
- Building and Business Personal Property
Coverage to repair or replace your building and any equipment, stock, furniture, or fixtures that you own. A lot of business property coverage can be included, such as:
- Identity Recovery Coverage for Business Owners
Provides Identity Recovery Coverage and services, such as:
- Identity Recovery Help Line for policyholders who suspect they are identity theft victims.
- Limited expense reimbursement for covered expenses arising out of a defined identity theft event.
- Building and Contents
Covers your buildings and/or business contents if they are destroyed because of a covered loss. You’ll receive the full cost to replace your property up to a limit you select when you purchase your policy.
- Dependent Property
Protects your business from losses caused by a covered loss at a dependent property, such as a major supplier. Gross Earnings Coverage
Reimburses you up to a scheduled limit for the loss of earnings resulting from a covered loss to your property during the period of restoration. Extra expenses needed to continue your operations, such as renting temporary office space, are also covered.
- Product Recall and Replacement
Covers you against the unexpected cost of recalling your product from the market due to faulty design, errors in manufacturing or intentional tampering of your products that may cause harm to your customers or the public. Plus, coverage is extended to provide for the costs of replacing the recalled products.
- Electronic Vandalism
Designed to provide protection against several exposures connected with your computer equipment and your Web site, including: Malicious alteration or destruction of media and data, or the introduction of a virus; and The Denial of Service Attack (an electronic attack designed to overload your computer or network system, denying e-mail or Web site access by legitimate business traffic).
- Equipment Breakdown
Covers the cost to repair or replace equipment, such as computers, air conditioners, phone systems and steam boilers, from loss or damage caused by mechanical breakdown or artificially generated electrical current.
Provides your business with legal liability protection against claims of injury or damage caused to others by you or your employees. For example:
- Premises and Operations Liability
Provides coverage for bodily injury and property damage sustained by others at your premises or as a result of your business’s operations.
- Products and Completed Operations Covers you against injuries or damages to others caused by the products you sell or by the work you perform for your customers.
- Internet Liability
Personal & Advertising Injury on the Internet. Covers copyright infringement to your Internet advertising. Covers other types of liability as well, such as defamation or copyright infringement that occurs in others’ advertisements on your Web site.
Other Important Coverages Available
- Commercial Auto
Protects you against financial loss resulting from accidents involving the vehicles you use in your business. Professional Insurance Associates can offer valuable enhancements you won’t normally find on other commercial auto policies, such as excess coverage for hired autos and the extension of liability coverage to vehicles leased in the name of an employee on your behalf and at your direction.
- Workers’ Compensation
Workers’ Compensation coverage provides 24-hour, seven-days-a-week access to our claims reporting facility. In addition, our state-of-the-art managed care and Return-to-Work program will help you get your employees back on the job as soon as possible.
All business insurance is not the same. At Professional Insurance Associates we act on emerging insurance needs and provide convenient, cost-effective and quality coverage for your business. Give us a call and start enjoying the peace of mind that comes from knowing you’re covered by the business insurance specialist - Professional Insurance Associates.