Skip to content

Florida Metal Manufacturing Insurance

Get a Quote

Insurance Solutions for Metal Manufacturing Businesses

Metal manufacturing is a high-risk industry, with many challenges that can cost a lot of money. Metal manufacturers work with dangerous equipment that could cause injuries and hazards. This equipment may face breakdowns at any point, holding up operations until fixed or replaced. These are just a few examples.

A metal manufacturing business needs protection to ensure the continuity and success of its operations. That protection comes in the form of specialized business insurance coverage. Florida Insure provides various types of commercial insurance solutions. We specialize in helping organizations and corporations realize their dreams while we remove obstacles through our small business insurance packages. In this guide, you will learn everything you need to know to protect your metal manufacturing business.

Get metal manufacturing insurance quotes now!Get a Quote

Why It's Important to Get Insurance for Your Metal Manufacturing Business

Protection of High-Value Equipment

Metal manufacturing relies heavily on specialized machinery like CNC machines, lathes, and welding equipment. These are costly to repair or replace, but insurance can cover the costs if the damage is from a covered event.

Liability Coverage for Products and Operations

Metal manufacturers have two common liability coverage options: general liability insurance and product liability. General liability insurance protects the company if there are claims of bodily injury or property damage to others. Manufacturing facilities can pose safety hazards, which can expose the business to these claims.

Moreover, metal manufacturers produce components for high-stakes industries, like automotive or construction. Defective components have serious consequences, like lawsuits and a damaged reputation. Product liability insurance helps with the legal costs and mending the reputation.

Business Interruption and Supply Chain Resilience

Unexpected events like machinery breakdowns, natural disasters, or supply chain disruptions can halt production, leading to lost revenue and client dissatisfaction. Business interruption insurance provides compensation for lost income during downtime, while supply chain coverage helps manage costs associated with delays in raw material delivery or price fluctuations.

An unexpected event can halt business operations for some time. Machinery breakdowns, natural disasters, or supply chain disruptions are just some of the examples. With business interruption insurance, the insurance company can provide compensation for lost income during downtime. Additionally,

Worker Safety and Compensation

Employees who work in the metal manufacturing industry face a lot of risks. They work with heavy machinery and are exposed to high temperatures, which can cause serious injuries while doing the job. With workers’ compensation insurance, the insurance company covers lost wages, medical bills, and the cost of rehabilitation. This protects both the company’s finances and the workforce.

Cybersecurity and Data Protection

Today, most businesses use digital systems to store and manage client data. If the system is infiltrated through a cyberattack, the company will face many losses, from data theft to operational disruptions. Clients could sue the company if their data is leaked. Cyber liability insurance mitigates these risks, ensuring data and proprietary information are protected.

Reputation and Client Trust

Most clients in highly regulated industries prefer working with companies that are insured. Insurance shows that you’re committed to risk management and operational stability. It helps instill confidence in new and existing clients.

Long-Term Financial Stability

Insurance helps you recover quickly from most unexpected events. It prevents financial loss and shutdowns, by providing reimbursement in case of a covered event. With good insurance, you can mitigate losses and stabilize your cash flow, focusing on your business growth instead of worrying about financial setbacks and scenarios you can’t prevent.

Types of Insurance Coverage Available for Metal Manufacturers

  • Equipment breakdown insurance: provides repair or replacement costs if a piece of essential equipment unexpectedly shuts down.
  • Commercial Auto Insurance: this is crucial for businesses that operate vehicles. It offers protection if the company vehicles are stolen, damaged, or involved in an accident.
  • Business Interruption Insurance: If the business operations are halted for any reason, this insurance coverage pays for lost income until the business is back on its feet.
  • Workers’ Compensation Insurance: covers lost wages and medical expenses for employees injured on the job. It also protects sole proprietors from work injury costs when health insurance denies coverage. That way, the business covers its obligation to protect its workers and easily settles workers’ compensation claims.
  • General Liability Insurance: provides liability coverage for bodily injury and property damage claims. It covers medical expenses and legal fees.
  • Business owner’s policy: is a package that combines more than one business insurance coverage, like general liability and commercial property, for example.
  • Product Liability Insurance: covers the business in case of liability claims resulting from unsafe or defective products. It covers legal fees and recall costs.
  • Commercial Property Insurance: covers expenses of repairing or rebuilding a damaged property.

Get financial protection for your business now!

Get a Quote

Other Insurance Services We Offer

Who Needs Metal Fabrication Insurance?

Metal manufacturing insurance is for companies that work with:

  • Auto parts.
  • Industrial machinery.
  • Metal forging.
  • Metal casting.
  • Metal rolling, drawing, or extruding.
  • Metal stamping and machining.

Common Risks that Metal Manufacturers Face

The metal manufacturing industry is full of unique risks that other industries might not face. Let’s take a look at some of the potential risks.

  • Property Damage: A fire or explosion resulting from equipment malfunctions could cause permanent damage to the manufacturing facility. Moreover, natural disasters, like strong winds or storms, may also cause a lot of damage.
  • Unexpected Shutdowns: Many events may arise causing the business to shut down for a while. Machinery breakdowns are a good example. Another one is a delay in shipment or an external event that’s out of control. These events may halt operations and incur a loss in revenue.
  • Workplace Injuries: Employees who work in this industry face hazards from working with heavy machinery, hazardous equipment, and high temperatures. So, workplace injuries are common, where the business is held liable and responsible for compensating the worker.
  • Liability Claims: Liability lawsuits can arise for multiple reasons. A product might harm a customer or prove defective. A piece of equipment might accidentally damage someone else’s property as well. In both cases, the harmed party might file a liability lawsuit.

Customized Insurance Solutions for Metal Manufacturers

At Florida Insure, we offer customized solutions for each industry we serve, and metal manufacturing is no different. We understand what metal manufacturers need. For example, there’s an emphasis on equipment breakdown insurance because metal manufacturers work with heavy, expensive machinery. Injuries are also common in the workplace, so we offer specialized worker’s compensation insurance to protect both the business and the employees.

For liability and property damage claims, we offer a package called Business Owner’s Policy that combines both general liability insurance and commercial property insurance. It’s comprehensive and cost-effective, ensuring you’re covered against common scenarios.

Beyond general coverage, we offer specific coverage for metal manufacturers, like environmental liability insurance, to manage pollution risks. We also work closely with you to customize a supply chain and business interruption coverage that fits your business needs. Overall, we design the most comprehensive and affordable plan that is tailored for your metal manufacturing business.

Why Partner with an Insurance Agent for Metal Manufacturing Insurance

  • An insurance agent will work with you to get a tailored insurance policy that fits your needs. They will review your company specifics and make sure every risk you may face is covered.
  • With the insurance agent, you will get the most cost-efficient solution. A good insurance agent, like the ones we have at Florida Insure, will make sure to compare quotes and get you the best deal.
  • Agents also work with you to improve your risk management strategies. They can recommend safety protocols, risk control measures, and compliance support to reduce potential liabilities and the risk of filing a claim. This helps you save money and time.
  • If you file a claim, the insurance agent will support your case and try their best to ensure the best outcome for your business. Their advocacy is invaluable in streamlining the claims process.
  • Insurance agents understand that your business evolves, and so do your insurance needs. They conduct policy reviews periodically to ensure that new equipment and expanded operations are accounted for.

We Serve These Industries

What are the Steps to Take to File an Insurance Claim?

  1. Document all losses to present them as evidence to the insurance company.
  2. Contact the insurance agent right away to inform them of the incident.
  3. Provide any documents that can support your claim.
  4. A claim adjuster assigned by the insurance company will assess the losses and evaluate your claim.
  5. Take steps to try to mitigate the risks and avoid any additional losses.
  6. Track any expenses that the covered event incurs and stay in touch with the insurance agent.

The insurance company will send the settlement for you to review.

How to Get Started with Florida Insure

  1. Call (844) 435-2467 to get a free consultation.
  2. Or fill out our quote form with your information to get an estimate quote.
  3. An agent will be in contact with you.
  4. Discuss your insurance needs.
  5. Get insurance quotes from the top insurance providers.
  6. Pick a policy and pay for it.

Metal Manufacturing Insurance FAQs

Metal manufacturers work with expensive, heavy machinery. If machines break down, they can halt operations and cause a loss in revenue. This insurance coverage pays for the repair and replacement cost, as well as loss of revenue and expediting expenses.

Product liability insurance provides protection if a lawsuit is filed claiming your product is defective or unsafe. Metal manufacturers need it because they produce expensive components and equipment. If a product is faulty, it will cost the business a lot of money to settle the lawsuits. Product liability insurance covers the legal cost.

Metal manufacturers benefit from many types of insurance, like product liability, equipment breakdowns, general liability, workers’ compensation insurance, and more. An insurance agent can help you figure out the insurance coverage you need.

Get a Quote

Contact us now to learn all you need to know about
metal manufacturing insurance and how to protect your business.
Get a personalized quote now!

Get a Quote