Manufacturers business insurance cost fluctuates depending on the type of manufacturing business you own. InsuranceTrak is in the business of providing low cost manufacturing insurance to small and medium sized businesses. Below is a general outline of manufacturers business insurance costs for the manufacturing industry across the country.
If you're looking for low cost insurance for manufacturing companies, look no further. For years now, InsuranceTrak has been specializes providing a wide array of different manufacturers insurance for their small business. Whether you're a wood products manufacturer, plastic goods manufacturer, or any other type of manufacturer, we have the expertise to guide you through the murky waters of business insurance needs for your manufacturing company.
There are a number of risk management controls that a manufacturing company can put in place:
But just having all these controls in place isn't enough. Sure they'll help you from preventing potential claims or lawsuits, but these days you can pretty much be sued by anyone for any reason. Next, we'll help you to identify some of the potential claims that could arise and how your insurance coverage would protect you in the event of a claim. We'll first look at the common types of manufacturing business insurances. Then, we'll look at potential claims and how these different business insurances can protect you.
Below is a list of common types of business insurances:
The average cost can be as low as $400 to $500 per year for only business liability insurance. If that same business wants to add business property insurance, then they can often package the insurance into a business owners policy or BOP which can cost as low as $550 per year and up to several thousands of dollars per year depending on the value of property insured and other characteristics of the business.
Once a business adds employees its costs can start to go up. Most states require a business to carry workers compensation insurance if they have any employees at all. Workers compensation can cost as low as a couple hundred dollar per year to tens or even hundreds of thousands of dollar per year for larger operations. If the business owns vehicles then it will need to pay for commercial auto insurance which may cost around $800 per vehicle on average. And if a small business provides professional advice and services then it may need professional liability insurance which can cost as low as $400 per year but on average around $1500 per year.
Below is a list of common manufacturing businesses across the country that will link to more specific information about manufacturers business insurance costs for each type of manufacturing business:
If you don't find your particular type of manufacturing business above, don't fret. InsuranceTrak can help just about any type of manufacturing business lower their business insurance costs. Give us a call or use our quote box above today so that we can help you find the best manufacturers business insurance cost in the market!
Manufacturing company insurance is just one of the many business types we provide business insurance services for.
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