Insurance for Manufacturers

From increased globalization and supply chain vulnerabilities to more frequent and severe cyber threats and natural catastrophes, protecting your manufacturing business is more complex than ever. At Chubb, we have expertise in a wide range of manufacturing areas, from technology and aviation to defense and medical devices.
robotic arms assembly line

Who we serve

Products & Services

From increased globalization and supply chain vulnerabilities to more frequent and severe cyber threats and natural catastrophes, protecting your manufacturing business is more complex than ever. At Chubb, we have expertise in a wide range of manufacturing areas, from technology and aviation to defense and medical devices. 

Property insurance with equipment breakdown
Industry-specific coverage that can be purchased packaged or monoline for losses caused by equipment breakdowns, with a focus on getting your company back to business as soon as possible.
General liability insurance
Coverage can be purchased packaged or monoline and include a blend of traditional insurance and alternative risk financing mechanisms to help manage your company’s liability risk.
Product recall insurance
A recall event can be debilitating to a company’s balance sheet; product recall coverage can reimburse you for expenses and other financial losses that are typically excluded on a general liability policy.
Workers' compensation insurance
Companies of all sizes can get customized coverage with features like proactive managed care to speed return-to-work timeframes, fraud detection and prevention, and litigation and recovery management.
Cyber insurance
Our cyber enterprise risk management insurance covers business interruption loss due ot network failure or attack, as well as investigation costs, legal costs, and other expenses.
Errors & omissions (E&O) insurance
In an increasingly litigious society, it’s critical to have insurance protection against liabilities impacting professionals, the services they provide, and their company’s financial reputation.

Advanced Manufacturing

Operations may be defined as Advanced or Traditional within Manufacturing. Advanced Manufacturing utilizes cutting-edge technologies and automation to improve efficiency, flexibility, and product quality, enabling customization and rapid adaptation to market demands.
Aerospace and automotive

This sector involves the design, production, and assembly of aircraft, spacecraft, and vehicles, often requiring high precision and adherence to safety regulations.

Advanced robotics

Focuses on the development and application of robotic systems that can perform complex tasks autonomously or in collaboration with humans, improving efficiency.

Precision manufacturing

Involves producing components with extremely tight tolerances and high levels of accuracy, often utilizing advanced machinery and techniques to meet stringent specifications.

Metalworking

Encompasses various processes for shaping and assembling metals, including welding, forging, and machining, to create products.

Equipment manufacturers

Produce machines, tools, and systems used in various industrial applications, focusing on functionality, reliability, and efficiency.

Contract product manufacturers

Provide outsourced manufacturing services to other companies, producing goods according to client specifications.

mike williams
CHUBB SPECIALIST PROFILE

Meet our Manufacturing Industry Practice Leader

Mike Williams | EVP, Manufacturing Industry Practice Leader

“We have a global network, but we have a local presence in 54 countries and territories. This really helps our team navigate complicated and severe exposures in a way that many of our competitors cannot.”

FAQ

Advanced Manufacturing utilizes cutting-edge technologies and automation to improve efficiency, flexibility, and product quality, enabling customization and rapid adaptation to market demands. Traditional Manufacturing relies on conventional methods and manual labor with limited technology integration, resulting in standardized processes.

In our experience, top perils include fire, extreme weather, and water damage related to plumbing infrastructure. Our middle market survey continues to show that a third or more manufacturers are not fully prepared to respond to disruptions from these basic exposures, so prevention and planning are key. Our Chubb risk engineers work with clients to assess and mitigate exposures in a variety of ways, including business continuity planning for catastrophes such as extreme weather events, a scheduled inspection and maintenance program for fire protection equipment, and more.

Chubb has many differentiating advantages — including the ease of doing business with one underwriting contact, our years of expertise in the manufacturing sector, and our committed, holistic approach — tailoring products and services to your company’s unique needs.

 

Importantly, our clients find that Chubb is a truly global insurer, able to provide consistent coverage and services around the world, either for individual coverages, or for property, business income, and liability coverages within a package policy. For example, with our Customarq package’s global extension, Chubb can insure domestic and foreign exposures in one policy, including protection against differences in conditions/differences in limits contained in policies issued in a foreign country.

According to FEMA, about 25 percent of businesses do not reopen after a natural disaster, including flooding. How do you ensure your own company recovers quickly? Aside from the extent of damage, the most important factor determining recovery time is whether your company has a thorough business continuity plan. This is because well-prepared companies are better able to continue operations for the duration of their recovery with appropriate business income coverage.

 

Chubb’s risk engineering team offers expertise in developing and improving business continuity plans, which include contingencies such as having a backup temporary facility, activating alternate suppliers, or redirecting employees to other locations. Developed in close consultation with a business owner or key manager who has in-depth knowledge of the company’s needs, strategy, and operations, an effective continuity plan helps your business get up and running quickly after a disaster. 

Resources

Insights and expertise

We keep you informed – and your business protected – with these helpful articles.
security camera
All business sizes
Tips for managing your business’s IoT risk
The expanding internet of things (IoT) means reliance on new technology for efficiencies and profits. But along with the technology comes new cyber security and other business risks. Here’s what you need to know about IoT and your business.
business woman
All business sizes
5 steps for creating a business continuity plan
Risk managers advise that one of the best ways to make sure your business can reopen quickly – and stay successful – after a disaster is to develop a business continuity plan.
colorful ship containers
All business sizes
How to protect your business from supply chain disruption
Managing supply chain risk from external vendors and suppliers.
school lockers
Risk Management
School’s in session: Understanding education related risks
Learn how to identify and mitigate the greatest risks facing educational institutions.
chimney on a roof
Risk Management
How to keep that roof over your head
Keep your roof in top shape by preventing water leaks with regular inspections.

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