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:
- 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?
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.
Commercial Insurance And Business Industry Classification
- SIC CODE: 3991 Brooms And Brushes
- NAICS CODE: 339994 Broom, Brush, and Mop Manufacturing
- Suggested ISO General Liability Code(s): 51613
- Suggested Workers Compensation Code(s): 2836, 2835
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
- 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.
Types Of Small Business Insurance - Requirements & Regulations
Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.
Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.
Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.
Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.
Small Business Insurance Information
In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.
The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.
Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.
According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage.
Types Of Small Business Insurance
Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:
- What type of business am I running?
- What are common risks associated with this industry?
- Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
- Does my state require me to carry this type of insurance?
- Does my lender or do any of my investors require me to carry this type of policy?
A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:
|Business Insurance Policy Type||What Is Covered?|
|General Liability Insurance||What is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.|
|Workers Compensation Insurance||What is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.|
|Product Liability Insurance||What is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.|
|Commercial Property Insurance||What is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.|
|Business Owners Policy (BOP)||What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.|
|Commercial Auto Insurance||What is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.|
|Commercial Umbrella Policies||What is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.|
|Liquor Liability Insurance||What is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.|
|Professional Liability (Errors & Omissions)||What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.|
|Surety Bond||What is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).|
Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.
Business Insurance Required by Law
If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.
Your insurance agent can help you check applicable state laws so you can bring your business into compliance.
Other Types Of Small Business Insurance
There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:
- Business Interruption Insurance
- Commercial Flood Insurance
- Contractor's Insurance
- Cyber Liability
- Data Breach
- Directors and Officers
- Employment Practices Liability
- Environmental or Pollution Liability
- Management Liability
- Sexual Misconduct Liability
Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.
Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.
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.
- Audio & Video Equipment
- Auto Parts
- Brooms & Brushes
- Camping Equipment
- Canned Fruit & Vegetables
- Canvas Products
- CBD Oil And Hemp
- Clock & Watch
- Commercial Air Conditioning
- Commercial Electronics
- Communications Equipment
- Construction Equipment
- Cork Products
- Down And Feather Products
- Dry Ice
- Dyes & Pigments
- Electronic Toys & Games
- Exercise Equipment
- Farm Equipment
- Feed & Grain
- Fur Garment
- Garage Door
- Gypsum Products
- Iron & Steel Foundries
- Lawn Mowers
- Leather Apparel
- Lighting & Wiring
- Lumber & Wood Products
- Machine Shop
- Major Electrical Appliances
- Marijuana Products
- Mattresses & Box Springs
- Metal & Plastic Furniture
- Metal Heat Treating
- Metal Toys
- Musical Instruments
- Nonferrous Foundries
- Ornamental Metalwork
- Paper & Allied Products
- Pet Food
- Plastic & Rubber Toys
- Plastic Goods
- Plastics Molding, Forming & Extruding
- Product Liability
- Pulp & Paper Mills
- Residential Air Conditioning & Heating
- Rubber Goods
- Sawmills & Planing Mills
- Screw Machine Products
- Sheet Metal
- Soap & Detergent
- Small Electrical Appliances
- Sporting Goods
- Stone Products
- Textiles Finishing & Coating
- Tool & Die Shops
- Vending Machines
- Wire Rope
- Wood Furniture
- Writing Instruments
For manufacturers, having the proper coverage is very important. You will need Products/Completed Operations Liability Coverage to protect you against injuries or property damage cause my the products you make or sell.
Manufacturing is an extremely broad category that includes countless potential hazards and exposures in virtually all coverage areas. Because of this, every individual manufacturer is unique and a specific risk survey of every operation is advisable.
The basic insurance needs for every class of business or operation includes property coverage for buildings, machinery and equipment, as well as for raw stock and finished products.
Liability insurance for premises exposures is important but products liability insurance presents greater concerns so these exposures and coverage needs must be evaluated carefully.
In addition, protection for injuries to workers, environmental coverages and automobile insurance are priority items.
What does the insured does that could result in a covered loss? The insuring agreement only requires that the insured be legally obligated to pay damages for injury to others or damage to their property included within the products-completed operations hazard covered by the insurance.
Because of this, every product manufactured and completed operation exposure for each named insured must be determined, described and evaluated to be certain that each represents acceptable exposures, or are acceptable classes of business to the insurance company providing coverage.
Once the extent of all business activities and operations is determined, the process of identifying hazards begins. The first step in the process is completely listing and describing all current products being manufactured and projects being worked on.
The next step is obtaining the same information for discontinued products and completed projects for the past five to 10 years, depending on the products or projects involved. This should include an explanation of why the products were discontinued. If some completed projects were of a different type than those currently being worked on, an explanation is in order, including whether the insured may resume them in the future.
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.