Machine Shop Insurance

Machine shop insurance to protect your assets and your future.

As a machine shop, the services you provide are critical for your customers. Their business relies on yours. Protecting your shop with specialized machine shop insurance can mean the difference between surviving and thriving or shutting down.

Specialized machine shop insurance to protect your essential business equipment.

The work you do requires specialized equipment. For instance, an automotive machine shop needs lifts and welding systems that are expensive. Without them, you’ll be unable to run your business.

Protect your equipment with commercial property insurance that addresses the high value of your machinery. Mechanical breakdown insurance can also help cover the cost of repair and replacement in some cases.

Product Liability Insurance Policy.

Other businesses and consumers depend on your expertise, and they expect your work to be flawless. However, mistakes can still happen in a machine shop. Therefore, consider both product liability and product recall insurance.

What happens if your machine shops makes a defective product? It could potentially cause injury or damage to a person or their property, and you could be held liable. At that point, you might be forced to recall a product. That’s where product recall insurance can help cover the high costs of dealing with that recall.

Environmental Hazard Insurance Policy.

Automotive machine shops can potentially create environmental hazards. For example, solvents, chemicals, and paints can contaminate the air, water, and ground in and around the property. In addition, damage can spread beyond the property, creating a third-party claim. Environmental impairment liability insurance can cover costs of court and attorney fees, damages awarded, and clean-up costs.

Business Interruption Insurance Coverage.

If your engine machine shop closes due to a fire, you can’t make your products and you can’t generate revenue. Business interruption insurance can provide funds for operational costs and even a temporary location.

Riders are available for your machine shop insurance to cover these situations. For example, a break in the supply chain means you don’t have access to materials you need to operate. Additional business insurance coverage can help offset the expenses.

Don’t neglect the business side of your organization.

Cyber liability insurance policies can protect your business in the event of a cyber-attack or data breach. If vehicles are owned by your company, business auto insurance is a must. Consider hired and non-owned auto if employees use their own cars for business purposes. Employment practice liability insurance (EPLI) offers protection against allegations of discrimination and harassment.

Interested in specialized machine shop insurance for your business? Contact us today for more information.

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As an independent agency, we are here to help you find the right Machine Shop Insurance coverage.