Sheet Metal Manufacturing Insurance
Running a sheet metal manufacturing business is a difficult enough task without having to worry about the financial risks associated to accidents and injuries. But these are only some of the risks you’re exposed to, with many more being very unique when compared to other manufacturing operations.
The biggest mistake you could be making is taking out a standard manufacturer insurance policy assuming that it will have all the risks covered. This could leave you wide open to significant losses if you encounter a claim situation that is not covered by your policy wording.
To make sure that you are indeed fully covered, and that your premium is as competitive as it can be, make sure you speak with one of our commercial brokers today. Just dial 1300 886781 or use the contact form on this page.
Unique Risks In The Sheet Metal Industry
As already mentioned the sheet metal industry has some very unique risks that are not common in the majority of other manufacturing companies. As a result you have to make sure that your policy provides adequate protection.
Here are just some of the unique risks you’re exposed to.
The most obvious risk of fire in a metal workshop is from materials and gases used in welding processes. Along with solvents and different oils and paints, there is a substantial risk for fire and even explosions.
While the very nature of the sheet metal products, materials and uses will vary a lot, there is a significant financial risk of the metals failing as a component of a product further down the production chain.
For example, you supply sheet metal to a company that produces industrial AC units, and there ends up being a fault or product recall because of an issue with a component you provided.
Quality Advice You Can Trust
Because of the very unique risks you’re exposed to, you have to make sure that you get professional advice, rather than just trusting an online product that may actually be missing some very crucial policy wording.
At Aspire Insurance Solutions we have dedicated commercial brokers with over 17 years’ worth of experience who understand your business and industry.
All this experience and advice is available to you completely free of charge and we have access to highly competitive premium quotes and discounts.
Face To Face Service
General insurance for manufacturing companies is not something that will provide you with the unique policy cover that you need in the sheet metal industry. The only way you can really gain the peace of mind that you’re covering all financial risks is by dealing directly with an experienced broker.
At Aspire Insurance Solutions we have tailored our service to focus on fully understanding your business and operational processes. This helps us pick out policies that are best suited and include add-on cover to fully protect you.
Expert Claims Handling With 24/7 Support
When you do end up in a situation where you have to take advantage of your insurance policy, then the last thing you want to do is go through endless phone calls to gather up all the information needed to process the claim.
Your time is far better invested in making sure your business suffers the least possible disruption. And that’s why we offer all clients 24/7 claims support services. This takes care of the majority of work involved in processing the claim.
As a result you will have a faster turnaround time with claims results in your account as soon as possible.
Annual Cover Review For The Best Premiums
Annual insurance renewals are generally sent out giving you enough time to review them. However, you would have to invest time and effort to then shop around to see if there are newer or better products available, or simply to get a better quote.
When you take out your policy with Aspire’s team, then you will automatically take advantage of a full annual review of your cover. We have access to the latest insurance products allowing us to find the best solutions and most competitive premiums.
If you want to have your existing policy reviewed or find out if you could be paying a lower premium, just pick up the phone and talk to one of our brokers on 1300 886781. Or use the contact form on this page to arrange for a face to face appointment.
Common Claim Scenarios
To help you better understand some of the most common claim situations other sheet metal businesses have found themselves in, we have put together some examples. These are real life scenarios that you have to make sure you are covered for.
Steel Dust Ignition
You might think that the main flammable risk in a sheet metal workshop is solvents and gases used in welding equipment. However, a very significant risk exists with steel dust igniting through a spark triggered from some of your machinery.
Even with specialist ventilation systems and fire protection in place, such events can cause catastrophic damage and even serious injuries.
Flammable Chemicals And Solvents
Many metal fabrication processes are heavily reliant on highly flammable gases, solvents and chemicals that can cause a lot of damage when not used correctly. Everything from damage to machinery and buildings to serious injury can be the result.
This can expose you to extensive financial losses if you’re not properly protected through the policy wording.
High Tech Equipment Failure
Machinery these days is becoming ever more heavily reliant on high tech components, with robotic machinery quite common place now. Such machinery is expensive to acquire and accidental damage or faults can result in very significant losses as well as business interruption.
What Does Sheet Metal Manufacturing Insurance Cover?
While you should never rely on generic insurance policies, there are a few things that you always want to make sure you are covered for:
- Fire and Flood damage (Flood Is An Option You Have To Choose Its Not Automatically Covered)
- Cover for machinery, fixtures and fittings
- Equipment breakdown
- Business interruption protection
- Cash stolen on premises or to/from the bank
- Breakage of internal and external glass
- Burglary and theft
- Public liability – compulsory for you, the landlord requires all tenants to have this
- Product Recall
- Management Liability
- Professional Indemnity
- Tax Audit
- Cyber Insurance
- Workers Compensation
Contact Us Today
If you have any concerns about the protection your existing policy provides you, then pick up the phone right now and dial 1300 886781 to speak with one of commercial insurance brokers.
We will provide you with a comprehensive analysis of your business and a no obligation quote that takes advantage of special discounts we have access to with various insurers. You will gain peace of mind and possibly a reduction in premiums as well, simply by having us review your current insurance program.