Plastics Manufacturing
Allentown, Mertztown, Morgantown, Pine Grove, Schuylkill Haven, Summit Hill, Temple, West Chester, Willow Street, Wyomissing

The processes used in plastics manufacturing can present some unique exposures to loss. Do you have the right insurance in place to protect your business?

Plastics Manufacturing

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What You Need to Know About Insurance for the Plastics Manufacturing Industry

The processes used in plastics manufacturing can present some unique exposures to loss. Do you have the right insurance in place to protect your business?

Plastic Operations & Loss Control

We are committed to reducing our clients' overall insurance costs through tailored solutions that address the unique risks of the plastics industry. Many of our strategies revolve around loss control, safety programs, and aggressive claims handling. The plastics industry carries with it unique exposures, and you need a professional who can complete a comprehensive analysis of your operation, including the ability to identify hazards. Our team of professionals who focus on plastics have the knowledge and experience to identify and effectively manage your risks.

Program Features

  • Superior claims handling
  • Written in partnership with A-rated carriers
  • Loss prevention services tailored to the plastics industry
  • Multi-state capabilities
  • No joint and several liability exposure

Here are some key types of insurance that a plastics manufacturing business should consider:

  1. General Liability Insurance: This provides coverage for bodily injury, property damage, or personal injury claims that may occur on your business premises or as a result of your operations. It's a fundamental coverage for any business.

  2. Product Liability Insurance: Plastics manufacturers can be liable for injuries or damage caused by their products. Product liability insurance helps cover legal expenses and potential settlements in such cases.

  3. Property Insurance: Protects your physical assets, including buildings, equipment, and inventory, against damage or loss due to events like fire, theft, vandalism, or natural disasters.

  4. Business Interruption Insurance: If your plastics manufacturing operation is temporarily disrupted due to a covered event, this insurance can compensate for lost income and ongoing expenses during the downtime.

  5. Equipment Breakdown Insurance: Covers the cost of repairing or replacing machinery and equipment that breaks down due to mechanical or electrical failure.

  6. Workers' Compensation Insurance: Mandatory in most states, this insurance provides coverage for medical expenses and lost wages for employees who are injured on the job. Given the industrial nature of plastics manufacturing, this is crucial.

  7. Environmental Liability Insurance: Plastics manufacturing can involve environmental risks. This insurance helps cover the costs of cleaning up pollution or addressing environmental damage caused by your operations.

  8. Cyber Liability Insurance: If your business stores sensitive customer data or relies on computer systems for operations, cyber liability insurance can protect you from financial losses resulting from data breaches or cyberattacks.

  9. Commercial Auto Insurance: If your business owns vehicles for transporting materials or finished products, commercial auto insurance is necessary to cover accidents and liability.

  10. Cargo Insurance: If your business ships products to customers, cargo insurance can protect against losses or damage to goods during transit.

  11. Employee Theft and Crime Insurance: Covers losses resulting from theft, fraud, or other criminal activities committed by employees.

  12. Umbrella Insurance: Provides additional liability coverage above the limits of your primary liability policies, offering extra protection in case of major lawsuits.

  13. Directors and Officers Insurance (D&O): If your business has a board of directors or officers, D&O insurance protects them personally from legal claims related to their management decisions.

  14. Trade Credit Insurance: If you extend credit to customers, this insurance protects against non-payment or insolvency of customers.

  15. Professional Liability Insurance: If your business provides design or consulting services related to plastics manufacturing, professional liability insurance can protect against claims of errors or negligence.

  16. Employment Practices Liability Insurance (EPLI): Covers claims related to employment practices such as discrimination, harassment, wrongful termination, or other employment-related issues.

The specific insurance needs of a plastics manufacturing business may vary based on factors such as its size, location, product line, and unique risks. It's advisable to work with an experienced insurance agent or broker to assess your business's specific needs and design a comprehensive insurance portfolio to mitigate potential losses effectively.