Broom And Brush Manufacturers Insurance Policy Information
Broom And Brush Manufacturers Insurance. Brooms feature long handles that enable upright sweeping, while brushes come with shorter handles for up-close cleaning. Brooms and brushes are, today, often made with synthetic strands of fibers - nylon, polyester, and polyurethane are all common choices; their durability, superior bend recovery, and hypoallergenic qualities offer some advantages over brooms and brushes produced with natural fibers.
Brooms and brushes with natural fibers, too, are still manufactured; corn, yucca, and rattan are the most popular materials in this case. These natural brushes offer the benefit of being environmentally-friendly, and are additionally often better at catching dirt.
Broom and brush manufacturers produce brooms and brushes using a variety of natural and manmade materials. Handles can be of wood, plastic or metal; while the brush can be plastic, metal, or natural fibers from animal or plant sources. Component parts may be manufactured in different locations or different countries.
Brooms and brushes are such basic implements that it's easy to take them for granted, yet nearly everyone uses them. Companies that manufacture brooms and brushes may run large-scale factory operations, or could on the other hand be artisans who painstakingly create hand-made natural products.
While they do their best to deliver a product their customers can rely on, they always have to be aware of the pitfalls their business could face.
Read on to discover why top-quality insurance is so important, and what kind of broom and brush manufacturers insurance coverage ventures that make these products may need.
Broom and brush manufacturers insurance protects your manufacturing business from lawsuits with rates as low as $57/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked broom and brush manufacturing insurance questions:
- What Is Broom And Brush Manufacturers Insurance?
- How Much Does Broom And Brush Manufacturers Insurance Cost?
- Why Do Broom And Brush Manufacturers Need Insurance?
- What Type Of Insurance Do Broom And Brush Manufacturers Need?
- What Does Broom And Brush Manufacturers Insurance Cover & Pay For?
What Is Broom And Brush Manufacturers Insurance?
Broom and Brush Manufacturers Insurance is a type of insurance coverage specifically designed for companies that manufacture brooms, brushes, or other similar products. This insurance covers various risks and liabilities that the business may face during its operation, including property damage, product liability, workers' compensation, and business interruption.
The policy provides financial protection in the event of an accident, damage to equipment, or loss of business income due to unforeseen circumstances. This insurance helps manufacturers to protect their assets and continue their business operations even in the face of unexpected events.
How Much Does Broom And Brush Manufacturers Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small broom and brush manufacturing businesses ranges from $57 to $79 per month based on location, size, revenue, claims history and more.
Why Do Broom And Brush Manufacturers Need Insurance?
All companies - large, small, and anything in between, regardless of their field - expose themselves to countless risks. Even if you do everything you can to ensure the financial success of your company, things can always go wrong.
Some of the unforeseen circumstances that threaten your business will be familiar to all commercial ventures, while others are going to be more common within your specific area of industry.
Acts of nature, such as wildfires, earthquakes, hurricanes, and serious floods, might strike your company with little warning, and in some cases even if your geographical location is not especially vulnerable.
Theft and vandalism (including arson, which could have a devastating effect) can also always turn your business upside down, regardless of security measures you may have taken.
Should you produce brooms and brushes with synthetic fibers, there is the risk that valuable machinery suddenly breaks down, halting your production line while you wait for repair or replacement - and losing you money on two fronts in the process.
Companies that work largely with natural materials will face this same possibility, but should also be aware of the threat that their raw materials are ruined by mold or pests.
You also have to consider this scenario - even if your company does not use dangerous machinery, a worker could sustain injuries on the premises, and the same can happen to third parties who visit your facilities as well.
Broom and brush manufacturers insurance is important because when something goes wrong, the proper coverage will be there to catch you.
What Type Of Insurance Do Broom And Brush Manufacturers Need?
Like any other manufacturer, you will need to carry several different types of insurance. Your exact needs depend on factors that include your manufacturing facility's location, your number of employees, the materials you work with, and the value of your manufacturing equipment.
To make sure you get the right coverage, consult a commercial insurance agent. Having said that, indispensable types of broom and brush manufacturers insurance you will almost certainly require include:
- Commercial Property: Any company with physical assets of any kind needs commercial property insurance, even those who lease their facilities. It protects your company's financial health should your manufacturing facility be hit by acts of nature, theft, and vandalism, by covering both a property and the contents therein. Sub-categories such as equipment breakdown insurance can cover your valuable machinery in case it needs to be repaired or replaced.
- Commercial General Liability: This type of insurance safeguards your company in case of third party bodily injury or property damage taking place on your premises or as a result of your activities. It helps cover both attorney fees and any settlement costs that may need to be paid out in case of a successful lawsuit.
- Workers Compensation: This kind of insurance is essential if an employee sustains work-related injuries, whether in the course of the manufacturing process or by, for example, suffering a fall. It covers their lost wages as they recover, as well as their medical bills.
These types of broom and brush manufacturers insurance are examples of the coverage a broom and brush manufacturer will need to protect their business. You may also require other types.
Product liability insurance can cover you if a product ever needs to be recalled, for instance, while vehicle insurance is another must for any business that uses cars, trucks, or other vehicles. To find out more about your needs, talk to a competent business insurance broker.
Broom And Brush Manufacturing's Risks & Exposures
Premises liability exposure is normally low as access by visitors is limited. If the manufacturer conducts tours or has a showroom or retail outlet, visitors may be injured by slips, trips, or falls. Raw materials stored outside can pose an attractive nuisance.
The yard should be fenced to prevent unauthorized access, with proper lighting and warnings. Fire and fumes or vapors from coating and finishing operations may reach neighboring premises.
Products liability exposure is low unless natural fibers are used because these increase the potential for contamination from bacteria or insects, pests, and rodents.
Environmental impairment exposure is moderate, depending on the chemicals, paint, and solvents used in processing. These may contaminate ground, air, or water. Storage and disposal procedures must adhere to all EPA and other regulatory standards.
Workers compensation exposures may be significant. Injuries from production machinery are common, as are burns, cuts, slips, trips, falls, foreign objects in the eye, hearing impairment from noise, and back injuries from lifting. There should be safety training, protective equipment, and guarding of machines.
Woodworking and metalworking can result in injury from cuts, amputations, exposure to dust, and respiratory problems from spray-painting operations. Work with plastics has the potential for burns from heated machinery, and eye and skin irritants from chemicals and resins.
Natural fibers can contain bacteria, rodents, and insects, or insecticides and pesticides. Repetitive motion injuries can be a concern. Workstations should be ergonomically designed. Drivers of forklifts and vehicles may be injured in accidents.
Property exposures consist of an office, shop, and warehouse for finished goods. There may be a yard for the raw materials. Ignition sources include electrical wiring, heating and cooling equipment, overheating of production machinery, and explosions from the build-up of dust from plastics, metals, fibers, and wood.
Without adequate dust collection and ventilation systems, dust generated in the cutting and handling processes can explode, causing a fire. Natural materials, such as wood or straw, are highly combustible and susceptible to damage by fire, smoke, and water. Glues, paints, varnishes, and stains may be flammable. These must be adequately separated and stored from other operations.
Spray-painting operations can cause fire or explosion unless done in a spray booth with explosion-proof electrical components. The use of dip tanks instead of spray booths may require special attention. Poor housekeeping, such as failure to collect and dispose of scraps on a regular basis, could contribute significantly to a loss.
Poorly stored materials (congestion in the aisles, inadequate clearance) may increase the severity of a loss. Sprinklers may be advisable.
Equipment breakdown exposures include malfunctioning production equipment, ventilation and dust collection systems, electrical control panels and other apparatus. A lengthy breakdown to production machinery could result in a severe loss, both direct and under time element.
Crime exposure is from employee dishonesty. Background checks should be conducted on all employees. There must be a separation of duties between persons handling deposits and disbursements and handling bank statements.
Inland marine exposures include accounts receivable if the manufacturer offers credit, computers (which may include computer-run production equipment), exhibitions, goods in transit, and valuable papers and records for customers' and suppliers' information. The primary perils are fire, water damage, theft, collision and overturn.
Business auto exposure is high if the manufacturer transports raw materials or delivers finished goods. Manufacturers generally have private passenger fleets used by sales representatives. There should be written procedures regarding the private use of these vehicles by others.
Each driver should have an appropriate license and an acceptable MVR. All vehicles must be well maintained with documentation kept in a central location.
What Does Broom And Brush Manufacturers Insurance Cover & Pay For?
Broom and brush manufacturers, like any other business, can potentially be sued for various reasons. Here are some possible scenarios, along with the types of insurance that could protect them:
Product Liability: If a customer claims that a broom or brush caused them injury due to a design defect or failure to provide adequate warnings or instructions, the manufacturer could be sued. Product liability insurance would help cover the costs of such lawsuits. It typically covers the legal costs associated with defending against the lawsuit, as well as any settlements or awards if the manufacturer is found liable.
Property Damage: If the manufacturer's operations somehow cause damage to another person's property, the company could be held liable. For instance, if a delivery truck accidentally damages a customer's property while delivering brooms, the company could be sued for the cost of repairs. Commercial general liability insurance typically covers property damage and would help pay for the costs of such a lawsuit.
Workers' Compensation Claims: If an employee is injured on the job, such as by getting their hand caught in a machine that makes brooms, they could sue the company for medical costs and lost wages. Workers' compensation insurance helps cover these costs and can also help protect the company against lawsuits from injured workers.
Environmental Claims: The manufacturing process could potentially result in pollution, such as if harmful chemicals are released into the air or water. If this pollution causes harm to people or property, the company could be sued. Environmental liability insurance would help cover the costs of such lawsuits, including the costs of cleanup, legal defense, and any damages awarded.
Intellectual Property Disputes: If another company claims that the design of one of the manufacturer's brooms infringes on their patent, they could sue. Intellectual property insurance would help cover the costs of such lawsuits, including legal defense costs and any damages awarded.
Directors and Officers Liability: If a shareholder or other stakeholder alleges that a director or officer of the company made a poor decision that led to financial loss, they could sue the company. Directors and officers liability insurance would help cover the costs of such lawsuits.
In each of these cases, having the right insurance coverage in place can help protect the broom and brush manufacturer from potentially devastating financial loss. However, it's important to remember that insurance doesn't prevent these situations from happening; rather, it helps manage the financial risks associated with them. Additionally, insurance policies often have limits and deductibles, so they may not cover all costs associated with a lawsuit.
Commercial Insurance And Business Industry Classification
- SIC CODE: 3991 Brooms And Brushes
- NAICS CODE: 339994 Broom, Brush, and Mop Manufacturing
- Suggested Workers Compensation Code(s): 2836 Brush or Broom Manufacturing NOC, 2835 Brush or Broom Assembly
Description for 3991: Brooms And Brushes
Division D: Manufacturing | Major Group 39: Miscellaneous Manufacturing Industries | Industry Group 399: Miscellaneous Manufacturing Industries
3991: Brooms And Brushes: Establishments primarily engaged in manufacturing household, industrial, and street sweeping brooms; and brushes, such as paintbrushes, toothbrushes, toilet brushes, and household and industrial brushes.
- Artists' brushes, hand
- Brooms, hand and machine: bamboo, wire, fiber, splint, or other
- Brushes for vacuum cleaners, carpet sweepers, and other rotary
- Brushes, household and industrial
- Hair pencils (artists' brushes)
- Paint rollers
- Paintbrushes
- Push brooms
- Shaving brushes
- Street sweeping brooms, hand and machine
- Toilet brushes
- Toothbrushes, except electric
- Varnish brushes
- Whisk brooms
Broom And Brush Manufacturers Insurance - The Bottom Line
Not all broom and brush manufacturers insurance policies are the same. You can learn if your business has the best fit insurance policies by talking to an experienced commercial insurance broker.
Often they are able to save you on premiums and offer you better policy options than you currently have.
Additional Resources For Manufacturing Insurance
Learn all about manufacturing insurance. Manufacturers face many unique risks such as product libility and/or product recall exposures due to the nature of their business operations.
- 3D Printing
- Adhesives
- Alarms
- Audio & Video Equipment
- Auto Parts
- Bottling Plants
- Boxes
- Bricks
- Brooms & Brushes
- Buttons
- Cabinets
- Camping Equipment
- Canned Fruit & Vegetables
- Cans
- Canvas Products
- Caskets
- CBD Oil And Hemp
- Cement
- Ceramics
- Chemical
- Clock & Watch
- Clothing
- Coffee
- Commercial Air Conditioning
- Commercial Electronics
- Communications Equipment
- Computers
- Condoms
- Construction Equipment
- Cork Products
- Cosmetics
- Cutlery
- Dairies & Creameries
- Down And Feather Products
- Dry Ice
- Dyes & Pigments
- Electronic Toys & Games
- Electroplating
- Elevators
- Engines
- Exercise Equipment
- Farm Equipment
- Feed & Grain
- Fences
- Fertilizer
- Fireworks
- Flavoring Extracts
- Frozen Foods
- Fruit Juice
- Fur Garment
- Garage Door
- Gears
- Glass
- Glasswear
- Gypsum Products
- Hosiery
- Ice Cream
- Industrial Equipment
- Ink
- Insecticides
- Iron & Steel Foundries
- Jewelry
- Lawn Mowers
- Leather Apparel
- Leather Goods
- Lighting & Wiring
- Lumber & Wood Products
- Machine Shop
- Major Electrical Appliances
- Manufacturing
- Marijuana Products
- Mattresses & Box Springs
- Metal & Plastic Furniture
- Metal Heat Treating
- Metal Toys
- Millwork
- Monuments
- Musical Instruments
- Nanotechnology
- Nonferrous Foundries
- Ornamental Metalwork
- Paint
- Paper & Allied Products
- Pesticides
- Pet Food
- Pharmaceuticals
- Plastic & Rubber Toys
- Plastic Goods
- Plastics
- Plastics Molding, Forming & Extruding
- Pottery
- Product Liability
- Prosthetics
- Psychedelic Drugs
- Pulp & Paper Mills
- Refractory
- Residential Air Conditioning & Heating
- Rubber Goods
- Rugs
- Sawmills & Planing Mills
- Screw Machine Products
- Sheet Metal
- Soap & Detergent
- Shoes
- Small Electrical Appliances
- Sporting Goods
- Springs
- Stone Products
- Tanneries
- Textiles
- Textiles Finishing & Coating
- Tires
- Tobacco
- Tool & Die Shops
- Vegetable Juice
- Vending Machines
- Watercraft
- Wire
- Wire Rope
- Wood Furniture
- Woodworking
- Writing Instruments
- Yarn
- Specialty Manufacturing
- Specialty Product Liability
The manufacturing industry is a vital part of the economy and plays a significant role in the production of goods and services. However, it is also an industry that is prone to risks and accidents, which can result in costly damages and lawsuits. Therefore, it is essential for businesses in the manufacturing industry to have insurance to protect them against potential losses.
Business insurance can cover a wide range of risks, including property damage, liability, and worker injuries. For instance, if a fire were to break out in a manufacturing facility and destroy equipment or inventory, commercial insurance could cover the costs of replacing or repairing the damages. Similarly, if a worker were to be injured on the job, business insurance could cover medical expenses and lost wages.
In addition to protecting against physical damages, insurance can also provide financial protection against legal liabilities. If a customer were to sue a manufacturing business for a faulty product, the commercial insurance could cover the costs of legal fees and settlements.
Overall, insurance is essential for the manufacturing industry as it helps to mitigate risks and protect against unexpected costs. Without it, businesses in the industry could face financial ruin in the event of an accident or lawsuit.
Minimum recommended small business insurance coverage: Building, Business Personal Property, Business Income with Extra Expense, Equipment Breakdown, Employee Dishonesty, Accounts Receivable, Computers, Goods in Transit, Valuable Papers and Records, General Liability, Employee Benefits Liability, Environmental Impairment Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Earthquake, Flood, Cyber Liability, Employment-related Practices Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.
