Insurance for manufacturers
From the smallest mechanical parts to the largest components of complex machinery, we arrange insurance for manufacturers Australia-wide.
Whether you make food, textiles, cement, electronics, timber, or mining and construction products, it is important to have the right insurance in place before you start operations.
Manufacturing has a wide range of risks
Manufacturing has been a backbone of the Australian economy for decades. Despite challenging economic times pushing some production offshore, it is still critical that your manufacturing business is covered for its specific needs.
Manufacturers are particularly exposed to a wide variety of risks. We work with insurers to source policies covering property loss or damage, professional indemnity, business interruption, public and products liability and marine transit, as well as more specialised covers such as product recall and trade credit.
Your business is unique, so we work closely with you to identify the risks in your operations and source suitable cover at a competitive price.
Covers we can arrange
We have access to a range of comprehensive insurance solutions, including:
Property
Buildings, plant, stock and contents at your premises.
Business interruption
Lost income and extra costs after an insured event stops production.
Machinery breakdown
Repair costs after a sudden breakdown of production machinery.
Public and products liability
Injury or property damage caused by your operations or the products you make or supply.
Product recall
Costs of recalling a product from the market.
Marine and transit
Raw materials and finished goods in transit.
Directors and officers liability
Claims against directors and officers for decisions made running the business.
Management liability
Including statutory liability and errors and omissions.
Statutory liability
Fines and penalties under certain legislation, where insurable.
Supply chain
Supply chain risk management, including the impact of a key supplier failing.
Trade credit
Protection if customers fail to pay for goods supplied on credit.
Professional indemnity
Where you provide design or technical advice alongside your products.
Who it is for
- Food manufacturers
- Textile manufacturers
- Cement and building products
- Electronics
- Timber products
- Mining and construction products
- Metal fabrication
- Packaging
How we work with you
Independent broking, Australia-wide, with one point of contact.
- We learn how your business runs: what you do, turnover, staff, premises and contracts.
- We compare cover across a range of insurers and explain the key inclusions, exclusions and limits in plain English.
- We help with certificates of currency for landlords, leases and contracts.
- We support you at renewal, when your business changes, and through the claims process.
Frequently asked questions
Do I need products liability if I only make parts for other companies?
Usually, yes. A component you make can be part of a claim when a finished product fails. Many customers also require you to hold products liability with a minimum limit.
What is product recall insurance?
It can cover the costs of recalling a product from the market, such as notification, transport and disposal, where the policy responds. It is usually separate from products liability.
Is machinery breakdown covered by a standard property policy?
Not usually. Sudden breakdown of machinery is typically a separate section or policy, and business interruption after breakdown may need to be added.
What details do insurers need for a manufacturing quote?
Typically your products, processes, turnover, export markets, premises and fire protection, and your claims history.
Talk to us about your cover
We will review your operations, products and current cover and talk through your options. Call us, email us or request a callback. We service businesses Australia-wide.
Get in touch
- Phone
- (03) 9078 6473
- info@mminsure.com.au
- Hours
- 9:00am to 5:30pm, Monday to Friday
Find out more
Every business is different - which means you need an insurance solution that is tailored for you. For more information, contact us today.
Contact us