The manufacturing industry is diverse and includes anything from clothing and cosmetics to machinery and food. It’s impossible to find a “one program fits all” when it comes to manufacturing. Each area of specialty needs to be reviewed on its own merit as the risks involved can be varied. Because there’s often a lot of expensive equipment required to become a manufacturer, underinsuring can be crippling for a business should the need to make a claim arise.
As an experienced advisor in the manufacturing industry, Austcover knows and understands the requirements of a wide variety of manufacturers. Our advisors stay current with legislative changes, so we can provide up-to-date insurance solutions. Key insurance considerations for manufacturers include:
- Correct calculations for business interruptions
- Correct valuation of property
- Product recall and the costs
- Expanded Polystyrene construction (EPS)
- Product liability
- Design and manufacturing risk analysis
- Occupational Health & Safety issues
“Austcover has been the insurance broker to Macadamia Processing Company Limited for eight years and has demonstrated a professional approach in all aspects of managing our risks. We would have no hesitation in recommending them to any company requiring reliable and proactive service that you can trust.”
Larry McHugh, General Manager, Macadamia Processing Company Ltd
“Austcover has been acting and advising as our Insurance Brokers for more than 20 years and have always arranged the appropriate insurance protection for our business taking into accound the circumstances relevant to our needs at any given time. One of the more demanding aspects of our insurance requirements is managing the increased and difficult placement of our asset insurances due to the Expanded Polystyrene construction (EPS) methods needed for the food industry. Austcover has sourced the most competitive markets with the appropriate capacity to meet our needs each year. Austcover has also been proactive in terms of risk management advice to further reduce exposure and premium costs to our business.”
Gareme Everingham, CFO & Company Secretary, One Harvest
“A few years ago our premises suffered a major fire. Our operations were severely affected, but thanks to the involvement and expertise of the Austcover team, our $1.8 million loss was settled in a timely and fair manner. The value of having professional, technically competent brokers at times like these cannot be over-stated. Austcover didn’t let us down.”
Roger Masters, Managing Director, Capilano Honey Limited
