Furniture industry insurance covers
Public liability insurance
Any visitor to your business premises, whether they are an electrician, a courier, a customer or a member of the general public, can make a claim against you if they are injured or their property is damaged as a result of your business activities.
It is, therefore, the responsibility of the business owner to make sure that any claim for compensation from a third party is met through considering public liability insurance. It could include loss of earnings, future loss of earnings, damages awarded to a claimant and any legal expenses that you could incur if you are found to be liable (up to certain limits).
Product liability insurance
Product liability insurance is an important piece of protection for any organisation involved in the production or distribution of goods. Product liability insurance can cover you for legal and compensation costs resulting from injury to people or damage to their property caused if the product is deemed to be defective.
Employers liability insurance
If a business has employees, it is your responsibility as an employer to protect the health and well-being of your staff. One of the ways you can do this is by having employers’ liability insurance in place to comply with legislative requirements.
It’s designed to protect you against any claims for compensation following an injury or illness suffered by an employee if your company is found to be at fault. It will also cover any legal costs if your Insurance Company chooses to defend your company’s position, as well as the costs and expenses incurred by the employee should you be found legally liable.
Buildings, contents and stock insurance
Your premises, contents, stock and equipment are all elements of your business that require comprehensive protection against unforeseen events, such as fire, flood, theft and severe weather damage. Whilst these covers may not be compulsory, it’s important to consider how you could replace these if the worst happened.
Whatever your needs, the ability to continue to trade following an unforseen incident and get back on your feet as quickly as possible is crucial. Business interruption cover can take care of this eventuality, so if your property is damaged following an insured event, your income and/or increased expenses can be protected to help you get back up and running as soon as possible.
Equipment, plant and machinery insurance
When machinery, plant and equipment is the backbone of your business it’s important to make sure your essential equipment is protected against the unexpected. This cover should protect all of the machinery at your furniture manufacturing plant.
Goods in transit insurance
If you offer a collection or delivery service to/from retailers or wholesalers then goods in transit insurance can provide the peace of mind should your goods or stock be lost, stolen or damaged whilst in transit.
Commercial vehicle or fleet insurance
A commercial vehicle could be a crucial part of your business; whether it’s for customer deliveries, collecting stock or even just getting to and from the business daily. We understand the need for quality cover that gives you peace of mind so why not take a look at our business van insurance page to find out more about commercial vehicle insurance. If you have a fleet of company vehicles, we could arrange to insure them under a motor fleet insurance policy.
As technology continues to evolve, businesses are becoming more vulnerable to online threats and data breaches. Even businesses with the most stringent cybersecurity measures in place are still not safe. Cyber and data insurance can help to protect and support you if you fall victim to cybercrime.
If you have a website, hold personal data about your customers, suppliers or even employees, rely on computer systems as part of your day to day business, then you have a cyber and data exposure which you may wish to protect. Cyber insurance is designed to provide you with crucial support if your IT infrastructure and data is compromised following a cyber-attack.
Comprehensive furniture manufacturers insurance
Protecting your business is our business, and we’re proud to be able to arrange insurance packages which include a wide variety of insurance covers to protect furniture manufacturers and the wide range of risks they face. Call Premierline today to start a quote.