Today a number of manufacturers are encountering exceptional perils. As you know they understand that some equipment like Computer Numerical Control Machines, Waterjet Machines, Plasma Cutters, CNC Mills, CNC Routers, Sheet Metal Stamping equipment, CNC Laser Cutters, CNC Lathe, Surface Grinders, Multiaxis machine can take months to replace.
The experience of David Ison Insurance in the machine tool industry understands the unique challenges that our domestic manufacturers in Texas face. We take great pride in advising risks that involve such things as Products Liability Insurance, Commercial General Liability, Equipment Insurance, Machinery Insurance and Business Income.
- General Liability Insurance - This liability insurance will protect you from most claims that would arise from the day to day activities. This includes the activity of running a business and the type of accidents that would occur at a job site.
- Tools and Equipment - Hand tools are normally covered on a blanket basis with no list or schedule. No item can exceed $500 in value. Equipment Insurance will protect your larger tools and equipment such as welders, generators, and other expensive portable equipment.
- Property Coverage - This coverage will provide protection for your contents on your premises. This could include but is not limited to machine tools, computers, fixtures, and inventory.
- Business Income - This property coverage provides income to support your business when one of the covered perils has occurred.
- Workers' Compensation - Manufacturers are responsible for providing this coverage for employees but may also have the exposure because of subcontractors who have not provided workers' compensation insurance for their employees. This exposure can be avoided by insisting that subcontractors carry appropriate workers' compensation insurance.
- Business Auto Insurance - Personal auto policies exclude autos used for Commercial and Business purposes and would therefore require coverage on a policy designed for such use. If you use your automobile in business, be sure you have the right policy and coverage is not excluded