Camping Equipment Manufacturers Insurance

Or call for your free quote:

Get the best small business insurance quotes online & info on cost, coverage, minimum requirements, certificates & more.

Camping Equipment Manufacturers Insurance Policy Information

Camping Equipment Manufacturers Insurance

Camping Equipment Manufacturers Insurance. As camping rises in popularity, companies who manufacture camping equipment are hard at work to meet the needs of this growing market.

Manufacturers in this industry may make anything from tents, sleeping bags, and camping pillows, to medical kits, tools, and water bottles designed with recreational campers and survivalists in mind. Some companies manufacture a wide range of different products, while others specialize in only one type of product, or even component.

Camp equipment manufacturers produce a variety of goods for outdoor recreational use, including textile products such as tents, cots, bags, or ropes, and metal-type products such as axes, saws, or knives, eating utensils, portable cooking, heating or lighting devices and survival gear.

Operations for cloth items include cutting, sewing, and assembly. Metal items may be cast, drawn, extruded, punched, or cut from sheets, then joined with seams, rivets, hinges, or screws. There may be some soldering or spot welding.

Because of the varieties of materials and processes involved, the different phases of manufacture are often carried out in different locations or in different countries.

Just like their end customers, the adventurers who will use their camping equipment, companies that make camping gear should be prepared for anything. Numerous perils - some familiar, some you'll never even have considered - can befall camping gear manufacturers.

Should the worst happen to your company, you can breathe a sigh of relief if you previously invested in top-notch insurance coverage.

What kind of camping equipment manufacturers insurance do companies that make camping equipment need, though? This overview will get you started.

Camping equipment 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 camping equipment manufacturing insurance questions:


How Much Does Camping Equipment Manufacturers Insurance Cost?

The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small camping equipment manufacturing businesses ranges from $57 to $79 per month based on location, size, revenue, claims history and more.


Why Do Camping Equipment Manufacturers Need Insurance?

Insurance For Manufacturers

A wide range of different threats, all of which can have consequences devastating to your company and its finances, always looms. That is true even if you own the most well-run company in the world, and especially in the manufacturing industry. Some unforeseen circumstances can befall almost any line of work, while others are unique to your own industry.

You need the right camping equipment manufacturers insurance coverage because you don't want your company to face massive financial losses in the event of a theft or criminal property damage, which could rob you of manufacturing equipment as well as inventory, and in some cases even destroy your facility.

You want to be protected in case a disastrous act of nature - a wildfire, a hurricane, an earthquake, or a flood, for instance - wreaks havoc.

Even the sudden breakdown of crucial machinery can be costly, leading to double damage in the form of interruptions to your production line as well as repair or replacement costs. Workers or third parties can sustain injuries on your premises, or your company's activities may damage a third party property.

You may also have questioned what would happen if a product you manufactured leads a user to become injured; the collapse of a tent can cause both blunt trauma and suffocation, and a sleeping bag that catches fire may end with very serious burns. In some cases, your company could be held legally liable.

Though you hope that none of these terrifying circumstances will affect your company, the simple truth is that accidents, crime, and acts of nature can strike any business. With the right camping equipment manufacturers insurance, you will be protected.


What Type Of Insurance Do Camping Equipment Manufacturers Need?

Your insurance needs are as unique as your business. They will be determined, among other things, by the size of your company, the location of your manufacturing facility, and the risk profile of the precise kinds of camping equipment your company produces.

These same factors will also influence the cost of your policy. Because of this, you are advised to consult a commercial insurance agent. Essential kinds of camping equipment manufacturers insurance include:

  • Commercial Property: This key type of insurance serves to protect both your physical building and the assets inside - machinery, inventory, furniture, and computers, for example - should your facility be hit by events like fire, vandalism, and theft.
  • General Liability: This type of insurance protects companies against third party bodily injury and property damage claims, in which case it helps cover both legal expenses and medical or damage repair costs. An example of an event that calls for general liability insurance is the fall of a third party on your premises.
  • Product Liability: This type of liability insurance safeguards you in case one of your products malfunctions, causing injury or property damage to third parties. Available options vary, however, it can also cover financial losses due to the need for product recall.
  • Workers Compensation: Should one of your employees suffer a workplace injury, this type of insurance covers their medical expenses as well as any lost wages if they cannot return to work (for a time).


Be aware that these are examples of the kinds of insurance you will need as a manufacturer of camping equipment, as well as that the cost of your insurance will vary.

To get the best camping equipment manufacturers insurance tailored to your company's needs, discuss the options at your disposal with a seasoned agent who specializes in commercial insurance.

Camping Equipment Manufacturing's Risks & Exposures

Manufacturing

Premises liability exposure is usually low due to lack of access by visitors. If there is a showroom, visitors may be injured by slips, trips, or falls. Fire, fumes, dust, and noise from woodwork or metalwork could pose a nuisance hazard to neighbors.

Products liability exposure can be moderate to high depending on the type of camping equipment manufactured and its end use. The failure of the family tent may result in everyone getting wet, but the failure of a tent intended for arctic survival could result in death by freezing.

Sharp edges can result in cuts and other injuries. Malfunctioning cooking and heating equipment could cause a fire, or release toxic fumes in an enclosed area. Products must comply with all governmental regulations, guidelines, and standards.

Environmental impairment exposure is high due to possible contamination of ground, air, and water from chemicals and toxic lubricants, solvents, and paints used in the manufacturing process. Raw materials may be toxic and flammable.

Fumes and improper disposal of scrap can result in air, ground, or water contamination. Disposal procedures must adhere to all EPA and other regulatory standards.

Workers compensation exposure can be high. Common hazards include injuries from production machinery, burns, minor cuts, slips, trips, falls, foreign objects in the eye, hearing loss from machinery noise, back injuries from lifting, and repetitive motion injuries. Workstations must be ergonomically designed.

Employees should be provided with safety training, protective equipment, and guards on machines. Areas that generate dust from metal or woodwork, or use spray-painting, require respiratory protection devices, as well as eye protection and eye wash stations.

Cumulative exposure to chemicals, dyes, sizing and other substances can result in occupational diseases. Workers must be made aware of the potential side effects of the ingredients they work with, including long-term occupational disease hazards, so they can recognize symptoms and obtain treatment as early as possible.

Property exposures consist of an office, plant, and warehouse for raw materials and finished goods. Ignition sources include electrical wiring, heating systems, and production machinery. Dust from textiles, fabric coatings, cutting, sanding, buffing, and polishing may present an explosion hazard. Metalworking may include soldering or welding that may generate sparks. These operations should be conducted away from combustibles.

Flammable liquids, glues, paints, and varnishes should be kept to a minimum in the processing area and stored in approved containers in isolated areas. Hazards increase in the absence of controls, such as dust collection systems or booths with UL-approved fixtures for spray painting. The manufacture or repackaging of fuels or lubricants presents a fire or explosion hazard.

Machinery needs proper maintenance to prevent overheating and wear. Poor housekeeping, such as failure to collect and dispose of scraps on a regular basis, could contribute significantly to a loss. Unless disposed of properly, greasy, oily rags (such as those used to clean the machinery) can cause a fire without a separate ignition source.

Sprinklers may be advisable. Appropriate security controls must be taken including physical barriers to prevent entrance to the premises after hours and an alarm system that reports directly to a central station or the police department.

Equipment breakdown exposures include malfunctioning production equipment, dust collection and ventilation 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 exposures are chiefly from employee dishonesty and theft of money and securities. Employees may act alone or in collusion with outsiders in stealing money, raw materials, or finished stock. 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.

There should be security methods in place to prevent theft. Appropriate security controls must be taken including physical barriers to prevent entrance to the premises after hours and an alarm system that reports directly to a central station or the police department.

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.

Raw stock and work in process may be transported between different buildings or locations. The primary exposures to loss are from fire, theft, collision, overturn, and water damage.

Business auto exposure may be high if the manufacturer transports raw materials or finished products. Manufacturers generally have private passenger fleets used by sales representatives. Drivers should have an appropriate license and an acceptable MVR.

All vehicles must be well maintained with documentation kept in a central location. If fuel is hauled, drivers should be trained in spill containment, have an appropriate license with a Hazardous Materials endorsement, and an acceptable MVR.

Commercial Insurance And Business Industry Classification

  • SIC CODE: 2394 Canvas And Related Products, 2393 Textile Bags, 2298 Cordage And Twine, 2399 Fabricated Textile Products, Not Elsewhere Classified, 3423 Hand And Edge Tools, Except Machine Tools and Handsaws, 3631 Household Cooking Equipment
  • NAICS CODE: 314910 Textile Bags and Canvas Mills, 314994 Rope, Cordage, Twine, Cord and Tire Fabric Mills, 335221 Household Cooking Appliance Manufacturing, 312216 Saw Blade And Hand Tool Manufacturing
  • Suggested ISO General Liability Code(s): 56042, 59782, 51224, 58737, 59713, 59306, 56202, 59725, 55012, 55013
  • Suggested Workers Compensation Code(s): 3169, 2501, 4902, 3126

Description for 2394: Canvas And Related Products

Division D: Manufacturing | Major Group 23: Apparel And Other Finished Products Made From Fabrics And Similar Materials | Industry Group 239: Miscellaneous Fabricated Textile Products

2394 Canvas And Related Products: Establishments primarily engaged in manufacturing awnings, tents, and related products from purchased fabrics. Establishments primarily engaged in manufacturing canvas bags are classified in Industry 2393.

  • Air cushions, canvas
  • Awnings, fabric
  • Canopies, fabric
  • Canvas products, except bags and knapsacks
  • Cloths, drop: fabric
  • Covers, fabric
  • Curtains: dock and welding
  • Liners and covers, fabric: pond, pit, and landfill
  • Pneumatic mattresses
  • Sails
  • Shades, canvas
  • Swimming pool covers and blankets, fabric
  • Tarpaulins, fabric
  • Tents

Description for 2393: Textile Bags

Division D: Manufacturing | Major Group 23: Apparel And Other Finished Products Made From Fabrics And Similar Materials | Industry Group 239: Miscellaneous Fabricated Textile Products

2393 Textile Bags: Establishments primarily engaged in manufacturing shipping and other industrial bags from purchased fabrics. Establishments primarily engaged in manufacturing plastics bags are classified in Industry 2673; those manufacturing laundry, wardrobe, shoe, and other textile house furnishing bags are classified in Industry 2392; and those manufacturing luggage are classified in Industry 3161.

  • Bags and containers, textile: except sleeping bags insulated or
  • Bags, textile: including canvas except laundry, garment, and
  • Duffel bags, canvas
  • Flour bags, fabric
  • Knapsacks, canvas
  • Tea bags, fabric

Description for 2298: Cordage And Twine

Division D: Manufacturing | Major Group 22: Textile Mill Products | Industry Group 229: Miscellaneous Textile Goods

2298 Cordage And Twine: Establishments primarily engaged in manufacturing rope, cable, cordage, twine, and related products from abaca (Manila), sisal, henequen, hemp, cotton, paper, jute, flax, manmade fibers including glass, and other fibers.

  • Binder and baler twine
  • Blasting mats, rope
  • Cable, fiber
  • Camouflage nets, not made in weaving mills
  • Cargo nets (cordage)
  • Cord, braided
  • Cordage: abaca (Manila), sisal, henequen, hemp, jute, and other
  • Fish nets and seines, made in cordage or twine mills
  • Fishing lines, nets, seines: made in cordage or twine mills
  • Hard fiber cordage and twine
  • Insulator pads, cordage
  • Nets, rope
  • Rope, except asbestos and wire
  • Slings, rope
  • Soft fiber cordage and twine
  • Trawl twine
  • Twine
  • Wire rope centers

Description for 2399 Fabricated Textile Products, Not Elsewhere Classified

Division D: Manufacturing | Major Group 23: Apparel And Other Finished Products Made From Fabrics And Similar Materials | Industry Group 239: Miscellaneous Fabricated Textile Products

2399 Fabricated Textile Products, Not Elsewhere Classified: Establishments primarily engaged in manufacturing fabricated textile products, not elsewhere classified.

  • Aprons, breast (harness)
  • Badges, made from fabric
  • Bags, sleeping
  • Bandoleers
  • Banners, made from fabric
  • Belting, fabric
  • Belts, money: made of any material
  • Blankets, horse
  • Cheese bandages
  • Covers, automobile tire and seat
  • Diapers, except disposable
  • Emblems, made from fabrics
  • Fishing nets
  • Flags, fabric
  • Glove mending on factory basis
  • Hammocks, fabric
  • Insignia, military: textile
  • Nets, launderers 'and dyers'
  • Parachutes
  • Pennants
  • Powder puffs and mitts
  • Saddle cloths
  • Safety strap assemblies, automobile: except leather
  • Seat belts, automobile and aircraft: except leather
  • Strap assemblies, tie down: aircraft - except leather
  • Welts

Description for 3423: Hand And Edge Tools, Except Machine Tools and Handsaws

Division D: Manufacturing | Major Group 34: Fabricated Metal Products, Except Machinery And Transportation Equipment | Industry Group 342: Cutlery, Handtools, And General Hardware

3423 Hand And Edge Tools, Except Machine Tools and Handsaws: Establishments primarily engaged in manufacturing files and other hand and edge tools for metalworking, woodworking, and general maintenance. Establishments primarily engaged in manufacturing handsaws and saw blades are classified in Industry 3425; and those manufacturing metal cutting dies, power driven handtools, and attachments and accessories for machine tools are classified in Major Group 35.

  • Adzes
  • Awls
  • Axes
  • Bits (edge tools for woodworking)
  • Blow torches
  • Can openers, except electric
  • Cane knives
  • Cant hooks (handtools)
  • Carpenters' handtools, except saws
  • Caulking guns
  • Caulking tools, hand
  • Chisels
  • Clamps, hand
  • Corn knives
  • Counterbores and countersinking bib, woodworking
  • Countersinks
  • Cutters, glass
  • Cutting dies: except metal cutting
  • Drawknives
  • Drill bits, woodworking
  • Drill, hand: except power
  • Edge tools for woodworking: augers, bits, gimlets, countersinks, etc.
  • Engravers' tools, hand
  • Fence stretchers (handtools)
  • Files, including recutting and resharpening
  • Forks: garden, hay and manure, stone and ballast
  • Garden handtools
  • Gouges, woodworking
  • Guns, caulking
  • Hammers (handtools)
  • Hatchets
  • Hay knives
  • Hoes, garden and masons'
  • Hooks: bush, grass, baling, and husking
  • Iron workers' handtools
  • Jacks: lifting, screw, and ratchet (handtools)
  • Jewelers' handtools
  • Knives, agricultural and industrial
  • Leaf skimmers and swimming pool rakes
  • Levels, carpenters'
  • Machetes
  • Machine knives, except metal cutting
  • Mallets, printers'
  • Masons' handtools
  • Mattocks (handtools)
  • Mauls, metal (handtools)
  • Mechanics' handtools
  • Mitre boxes, metal
  • Peavies (handtools)
  • Picks (handtools)
  • Planes, woodworking: hand
  • Pliers (handtools)
  • Plumbers' handtools
  • Post hole diggers, hand
  • Pruning tools
  • Prying bars (handtools)
  • Pullers: wheel, gear, and bearing (handtools)
  • Punches (handtools)
  • Putty knives
  • Rakes, handtools
  • Rasps, including recutting and resharpening
  • Rules and rulers: metal, except slide
  • Scoops, hand: metal
  • Scrapers, woodworking: hand
  • Screw drivers
  • Scythes
  • Shovels, hand
  • Sickles, hand
  • Sledges (handtools)
  • Soldering guns and tools, hand: electric
  • Soldering iron tips and tiplets
  • Soldering irons and coppers
  • Spades, hand
  • Squares, carpenter
  • Stone forks (handtools)
  • Stonecutters' handtools
  • Strapping tools, steel
  • Test plugs: plumbers' handtools
  • Tinners' handtools, except snips
  • Tongs, oyster
  • Tools and equipment for use with sporting arms
  • Tools, hand: except power driven tools and saws Trowels
  • Vises, carpenters'
  • Vises, except machine
  • Wrenches (handtools)
  • Yardsticks, metal

Description for 3631: Household Cooking Equipment

Division D: Manufacturing | Major Group 36: Electronic And Other Electrical Equipment And Components, Except Computer Equipment | Industry Group 363: Household Appliances

3631 Household Cooking Equipment: Establishments primarily engaged in manufacturing household electric and nonelectric cooking equipment, such as stoves, ranges, and ovens, except portable electric appliances. This industry includes establishments primarily engaged in manufacturing microwave and convection ovens, including portable. Establishments primarily engaged in manufacturing other electric household cooking appliances, such as portable ovens, hot plates, grills, percolators, and toasters, are classified in Industry 3634. Establishments primarily engaged in manufacturing commercial cooking equipment are classified in Industry 3589.

  • Barbecues, grills, and braziers for outdoor cooking
  • Convection ovens, household: including portable
  • Microwave ovens, household: including portable
  • Ovens, household: excluding portable appliances other than microwave
  • Ranges, household cooking: electric and gas
  • Stoves, disk

Camping Equipment Manufacturers Insurance - The Bottom Line

Camping equipment manufacturers insurance can be very different in pricing and coverage. To find out if your business has the best fit insurance policies - speak with an experienced commercial insurance agent.

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.

Small Business Information

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 InsuranceWhat 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 InsuranceWhat 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 InsuranceWhat 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 InsuranceWhat 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 InsuranceWhat 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 PoliciesWhat 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 InsuranceWhat 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 BondWhat 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
Small Business Commercial Insurance

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.


Manufacturing Insurance

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.


Free Business Insurance Quote Click Here