Manufacturing Insurance in Texas
The manufacturing industry in Texas is thriving. In fact, according to the National Association of Manufacturers (NAM), roughly 12% of the total output in the Lone Star State comes from manufacturing.
If your business is counted in that number, then you need to ensure that you have adequate insurance coverage to protect against financial loss.
Why Insurance Coverage Is Mandatory for Manufacturing Companies
Manufacturing companies face great financial risks. Downtime, legal claims, and property damage can all affect the profitability of such businesses. Moreover, the use of complex machinery, chemicals, and large workforces could all increase the risk of employees being injured on the job, which could open the business up to lawsuits.
Adequate coverage ensures that your company is protected against costly lawsuits, business interruptions, and regulatory penalties, which can not only ensure profitability but also legal compliance.
Coverage Options
There are a number of business insurance policies available to manufacturing businesses in Texas. This includes the following:
- General liability insurance
- Business owner’s policy (BOP)
- Commercial auto insurance
- Cyber liability insurance
- Business interruption coverage
- Equipment coverage
- Professional liability insurance
- Commercial property insurance for manufacturers
- Workers’ compensation insurance
- Business income coverage
Helping You Navigate Manufacturing Insurance Costs
We understand that one of the greatest concerns is the manufacturing insurance cost. After all, it could affect your profitability. However, keep in mind that the dangers of not having insurance far outweigh the drawbacks of having to pay a monthly premium.
Deerfield Advisors can help you find an insurance product that best meets the needs of your manufacturing business.
Our company has a stellar reputation among prominent insurance underwriters, allowing us to help you find budget-friendly solutions.
Why Choose Us?
Deerfield Advisors is renowned for:
- Having a professional team of experts,
- Over 25 years of experience,
- Reliable claim assistance,
- Forming long-term partnerships.
Who Can Benefit from Manufacturing Insurance?
If you own or operate one of the following businesses, you need manufacturing insurance coverage:
- Metal goods manufacturers
- Craft breweries
- Air conditioning equipment manufacturers
- Sign manufacturers
- Metal goods manufacturers
- Appliances and digital gadget manufacturers
- Clothing manufacturers, and more.
Get Manufacturers’ Insurance Today!
Whether you need to cover your manufacturing property against damage or protect your business against cyberattacks, you can rest assured that Deerfield Advisors will help you find a commercial insurance solution that meets your needs and budget.
If you would like to know more about our services, please get in touch with our experienced team by calling or texting us at (281) 550-5864.