There are many types of insurance policies for manufacturers. The most important type of insurance is general liability, which covers a variety of scenarios involving bodily injury and property damage. A common example of a general liability claim is a tree falling on a neighbor’s business. Another scenario could be unknowingly using copyrighted material. If you are in the manufacturing industry, it is vital to understand and protect your business with adequate insurance coverage.
The term manufacturing refers to any activity that involves the production of a product, usually using a combination of manual labor and machinery. In some cases, it involves chemical processing and biological processing to produce a finished product. This process is called manufacturing and covers a variety of human activities. Specifically, manufacturing is the process of converting raw materials from the primary sector into finished products. In order to create products of a higher quality, manufacturing companies use advanced machines to produce goods that are more durable and aesthetically pleasing.