Why you need insurance for your manufacturing or wholesale business
If you own or operate a manufacturing and wholesale business across the Channel Islands there are a number of risks that you will be faced with, and Islands can ensure you have the appropriate insurance for your needs.
It can sometimes be a tricky process taking out insurance of this nature, but at Islands our professional team is here to help you get the coverage you need. Whether it’s helping you to protect your contents, stock, machinery or employees, you will need a comprehensive policy that covers you in the unfortunate event that something goes wrong.
Covers & benefits provided
Our coverage for manufacturing & wholesale businesses is extensive and designed with Channel Islanders in mind.
Whether you own or rent the buildings you need to consider insurance not just for the bricks and mortar of the property but also any internal improvements you have made, such as installing new mezzanine floors, storage areas etc. Any external outbuilding or storage compounds also need to be taken into consideration when insuring the premises for their full rebuilding costs (including professional fees and the cost of site clearance).
If you cannot open following severe damage from an insured event - such as fire, flood or storm damage - then this is a massive risk to the business. Ensure you have adequate business interruption cover that will be able to pay outgoings such as rent, wages & overheads as well as keeping the business running until you can reopen. Cover can also be extended if your main supplier has damage to their premises, failure of public utilities or has prevented access to your premises that affect your business.
If you employ staff, then not only is this a legal requirement, but you have the responsibility to ensure your staff are adequately covered for their daily roles within the business. This can include injury, illness, or legal action against your business. All our policies provide £10,000,000 of Employers Liability cover as standard.
Depending on the nature of the business the cost of the plant and specialist machinery involved within the manufacturing process can be high. This policy can ensure this is adequately covered.
Coverage in respect of third party injury and property damage on or away from your premise, and from the goods sold. This is included as standard (at variable limits from £2,000,000 to £10,000,000) within all our policies.
If the property has a lift, it needs to be inspected annually to comply with Health & Safety obligations. Cover can also be extended to include machinery breakdown.
Cover needs to take into account not just your general stock but also seasonal increases, stock and raw materials in-transit away from the premises.
Standard Coverage
Your policy will generally cover you for a number of insured events, such as:
- Fire
- Lightning
- Explosion
- Earthquake
- Flood
- Storm
- Malicious Damage
- Theft
- Accidental Damage
Expert Insurance for Your Needs
Experience the tailored care and expertise of Hepburns. We’re more than brokers; we’re your personal insurance confidants for life’s complexities.
Why choose Islands?
Our locally-based team is dedicated to providing specialist, personal service, to give you peace of mind with insurance cover for the things that matter.
An experienced market-leading team, delivering specialist advice and expertise for over 40 years.
Pop into our office, speak to us on the phone, send an email, or browse through our website.
We have bespoke Channel Island products designed and rated with this in mind that can be individually tailored for your needs.
We are proud to support the local community through several sponsorships and partnerships, helping to protect our rich heritage and take care of our beautiful islands.
Friendly, experienced local claims team giving guidance and help when it matters most.
Available if you have more than one policy with us.