Glassware Manufacturers Insurance Policy Information
Glassware Manufacturers Insurance. An enormous variety of drinks exist, and with them come at least that many different types of glassware, because, although it is possible, you wouldn't drink red wine out of a margarita glass.
Glassware manufacturers produce bottles, stemware, and dinnerware, collectible and ornamental objects. Glassmaking is a highly automated process. Silica (quartz sand) is combined with soda and lime, plus colorants and other additives to affect its appearance and qualities.
The mixture is formed into a paste or dough-like substance, melted, then forced or pressed into a mold. Once removed from the mold, it is carefully cooled, then trimmed or sanded to remove any seams.
Because of the size of the furnaces and the cost of heating and processing, the operation is continuous and not shut down until absolutely necessary. There may be mechanized glass-blowing operations.
Each type of drink has specific properties, and needs the right kind of glass to emphasize those properties. Asides from this so-called "drinkware", glassware also includes vases, pitchers, punch bowls, and art glassware, to name a few examples.
While this industry can be extremely profitable, companies that make glassware also have to be aware that they face a number of risks, any of which could shatter their financial future. What kind of glassware manufacturers insurance coverage is best suited to guard you against these hazards? To discover more, keep reading.
Glassware 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 glassware manufacturing insurance questions:
- What Is Glassware Manufacturers Insurance?
- How Much Does Glassware Manufacturers Insurance Cost?
- Why Do Glassware Manufacturers Need Insurance?
- What Type Of Insurance Do Glassware Manufacturers Need?
- What Does Glassware Manufacturers Insurance Cover & Pay For?
What Is Glassware Manufacturers Insurance?
Glassware Manufacturers Insurance is a type of insurance coverage designed specifically for companies that manufacture glassware products.
This type of insurance provides protection for the business against any potential losses or damages incurred during the manufacturing process, such as damage to machinery or equipment, product defects, and liability for any accidents that occur on the premises. It also covers the costs of any legal fees that may arise in the event of a lawsuit.
This insurance is crucial for glassware manufacturers to ensure that they have protection against potential financial losses and to help them stay in business.
How Much Does Glassware Manufacturers Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small glassware manufacturing businesses ranges from $57 to $79 per month based on location, size, revenue, claims history and more.
Why Do Glassware Manufacturers Need Insurance?
No matter what type of industry a company works in, potentially-devastating perils will always be on the horizon, and there's no way around this. Regardless of the type of product you produce, floods, earthquakes, wild fires, hurricanes, lightning strikes, and other acts of nature can affect your company.
These events beyond your control can cause serious damage that might cost a lot to fix. Each field is at risk of damage caused by theft and vandalism, as well.
Glassware manufacturers additionally have to contend with hazards specific to their own industry. Making glass requires both expensive manufacturing equipment and extremely high temperatures. Each equipment malfunction might deal a significant financial blow.
High temperatures and molten glass can cause both serious work-related injuries and fires, which might cause serious damage to your property. Glass is further extremely breakable, and any loss of inventory leads affects your bottom line.
While you can take steps to minimize the risks your company faces, you can never eliminate accidents and other unforeseen circumstances entirely. An proper glassware manufacturers insurance plan can, however, help you recover from these perils.
What Type Of Insurance Do Glassware Manufacturers Need?
While all glassware manufacturers will share common risks, there is no such thing as a "cookie-cutter insurance plan", since each company is unique, and faces unique threats. This is why it is essential to consult an experienced commercial insurance agent.
By familiarizing your insurance agent with all the relevant details - such as the type and the amount of product you manufacture, the terrain where your facility is located, and the climate of the surroundings, you can come up with an insurance plan that best shields your business from all hazards.
Some of the most common types of glassware manufacturers insurance include:
- Commercial General Liability: This type of insurance protects your company from losses caused by lawsuits filed by third parties due to damage caused to third party property. It also covers bodily injury liability. Both legal costs and settlement fees fall into this category.
- Commercial Property: This type of glassware manufacturers insurance protects your own property financial losses related to damage caused by acts of nature, such as earthquakes, floods, fires, lightning strikes, and hurricanes. This type of insurance also covers damage caused to your goods and your property in acts of theft and vandalism.
- Product Liability: A more specialized type of liability coverage, product liability insurance protects your company should any of your products cause third party bodily injury or property damage. If, for any reason, you need to recall your product, this type of insurance can cover the loss revenue.
- Workers Compensation: Manufacturing glassware is a relatively dangerous job, and workers in this line of work face a greater risk of workplace injury than people employed in some other industries. This type of insurance will protect both you and your workers. In the case of an unfortunate event, your employees'' medical expenses are covered, as well as lost income, and in turn, this insurance protects your company from litigation.
Making glassware is both a hard and a delicate job. And just like glassware, a single accident might cause your company to fall to pieces.
Because of this, businesses in this industry need a backup plan. With the right glassware manufacturers insurance coverage, you will be able to overcome any obstacle your company might face.
Glassware Manufacturing's Risks & Exposures
Premises liability exposures are normally low due to limited access by visitors. If tours are given or if outsiders are allowed on premises, visitors may be injured by slips, trips, or falls. The storage of raw materials or recycled glass outdoors can produce attractive nuisance hazards to trespassers, particularly children.
Fumes, dust, and noise from processing operations may affect neighbors. This can result in a high frequency of nuisance claims, but may also cause serious health problems due to the generation of silica dust.
Products liability exposure is low to moderate. There should be good quality control procedures in place, with checks conducted to detect cracks, blemishes or other defects.
Environmental impairment exposure is moderate to high due to the potential for air, land and water pollution from dust and fuel storage tanks. Both the vapors and pollutants that can be released into the air are noxious and hazardous, as are the waste materials. These chemicals should be handled by qualified, licensed material waste handlers. Disposal procedures must adhere to all EPA and other regulatory standards.
Workers compensation exposures are serious. Injuries from production machinery are common, as are minor cuts from flying and broken glass, burns from high-temperature processing and molten glass, slips, trips, falls, foreign objects in the eye, back injuries from lifting, hearing loss from noise, and repetitive motion losses. Workstations should be ergonomically designed. Employees should be provided with safety training and protective equipment.
Areas that generate dust require respiratory protection devices, as well as eye protection and eye wash stations. Exposure to silica may cause serious skin, eye, and respiratory irritations, and lead to occupational diseases such as Silicosis or Shaver's Lung.
Property exposures consist of office, production plant, and warehouse for raw materials and finished goods. Ignition sources include electrical wiring, heating systems, production machinery, storage of large amounts of fuels to operate them, and molten materials. Maintenance of equipment is critical to prevent wear and tear and overheating, which are potential fire hazards.
In the absence of well-maintained dust collection systems, cutting and buffing operations can generate dust which can catch on fire. The finished glass may be damaged by accidental breakage or by vandalism, but the raw materials are not susceptible to fire, water or smoke damage. High-end products or limited edition collectibles may be target items for theft. Business income loss exposure is high, because once a system is shut down; it is a major operation to start it up again.
Equipment breakdown exposures include malfunctioning production equipment, dust collection and ventilation systems, electrical control panels and other apparatus. These should be properly maintained. Breakdown and loss of use to the conveyors and other production machinery could result in significant loss, both direct and under time element. Production equipment may include CNC (computer-controlled) and custom-made machinery.
Crime exposure comes from employee dishonesty and theft. 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.
Inland marine exposures include accounts receivable if the manufacturer offers credit, computers (which may include computer-run production equipment), goods in transit, and valuable papers and records for customers' and suppliers' information.
Backup copies of all records should be made and stored off premises. Stock in transit may be highly susceptible to damage from breakage in a collision or overturn, and possibly theft.
Commercial auto exposure may be high if the manufacturer picks up raw materials, especially large shipments of sand, or delivers finished goods to customers. Manufacturers generally have private passenger fleets used by sales representatives.
There should be written procedures regarding the private use of these vehicles by others. Drivers should have an appropriate license and an acceptable MVR. All vehicles must be well maintained with documentation kept in a central location.
What Does Glassware Manufacturers Insurance Cover & Pay For?
Glassware manufacturers, like any business, can face a variety of legal challenges that may lead to lawsuits. Here are some reasons why they might be sued and how insurance can provide protection:
1. Product Liability: If a glassware product is defective or causes injury, the manufacturer may be sued for damages. This could happen if, for instance, a glass bottle shatters unexpectedly and injures a customer. A Product Liability Insurance policy can help cover the legal fees, court costs, and any settlements or judgments related to these claims. It can shield the manufacturer from significant financial loss arising from such cases.
2. Workers' Compensation: Glassware manufacturing involves many processes that can potentially be hazardous to workers. If an employee gets injured on the job and sues the company for negligence, the manufacturer could be held liable for medical costs and lost wages. Workers' Compensation Insurance can help cover these costs, as well as any legal fees associated with a lawsuit.
3. Intellectual Property Infringement: Glassware manufacturers may face lawsuits alleging that they have infringed on another company's patent, copyright, or design. Legal defense and potential settlement costs can be substantial. Intellectual Property Insurance can help cover the costs of legal defense, as well as any settlements or damages that are awarded.
4. Property Damage: In the event of a fire, flood, or other disaster, a glassware manufacturing facility could suffer significant damage, potentially resulting in a loss of production and revenue. If a third party's property is also damaged as a result (for example, a neighboring business), the manufacturer may face a lawsuit. Commercial Property Insurance can help cover the repair or replacement of the damaged property, as well as any legal costs associated with potential lawsuits.
5. Environmental Liability: The manufacturing process for glassware can potentially lead to pollution, which might contaminate the surrounding environment. If a lawsuit is brought against a manufacturer for causing environmental damage, the associated costs could be substantial. Environmental Liability Insurance can help cover cleanup costs, legal defense costs, and any fines, settlements, or judgments related to such a lawsuit.
In each of these cases, the specific coverage offered by an insurance policy would depend on the policy's terms and conditions. It's important for businesses to work with an experienced insurance broker or agent to ensure they have the right types and amounts of coverage to protect against potential risks.
Commercial Insurance And Business Industry Classification
- SIC CODE: 3229: Pressed And Blown Glass And Glassware, Not Elsewhere Classified, 3231 Products Of Purchased Glass
- NAICS CODE: 327212 Other Pressed and Blown Glass and Glassware Manufacturing, 327215 Glass Product Manufacturing Made Of Purchased Glass
- Suggested Workers Compensation Code(s): 4111 Glassware Manufacturing - No Automatic Blowing Machines, 4113 Glass Manufacturing - Cut, 4114 Glassware Manufacturing NOC
Description for 3229: Pressed And Blown Glass And Glassware, Not Elsewhere Classified
Division D: Manufacturing | Major Group 32: Stone, Clay, Glass, And Concrete Products | Industry Group 322: Glass And Glassware, Pressed Or Blown
3229 Pressed And Blown Glass And Glassware, Not Elsewhere Classified: Establishments primarily engaged in manufacturing glass and glassware, not elsewhere classified, pressed, blown, or shaped from glass produced in the same establishment. Establishments primarily engaged in manufacturing textile glass fibers are also included in this industry, but establishments primarily engaged in manufacturing glass wool insulation products are classified in Industry 3296. Establishments primarily engaged in manufacturing fiber optic cables are classified in Industry 3357, and those manufacturing fiber optic medical devices are classified in Industry Group 384. Establishments primarily engaged in the production of pressed lenses for vehicular lighting, beacons, and lanterns are also included in this industry, but establishments primarily engaged in the production of optical lenses are classified in Industry 3827. Establishments primarily engaged in manufacturing glass containers are classified in Industry 3221, and those manufacturing complete electric light bulbs are classified in Industry 3641.
- Art glassware, made in glassmaking plants
- Ashtrays, glass
- Barware, glass
- Battery jars, glass
- Blocks, glass
- Bowls, glass
- Bulbs for electric lights, without filaments or sockets
- Candlesticks, glass
- Centerpieces, glass
- Chimneys, lamp: glass-pressed or blown
- Christmas tree ornaments, from glass
- Clip cups, glass
- Cooking utensils, glass and glass ceramic
- Drinking straws, glass
- Fiber optics strands
- Fibers, glass, textile
- Flameware, glass and glass ceramic
- Frying pans, glass and glass ceramic
- Glass blanks for electric light bulbs
- Glass brick
- Glassware, except glass containers for packing, bottling, and canning
- Glassware: art, decorative, and novelty
- Goblets, glass
- Illuminating glass: light shades, reflectors, lamp chimneys, and globes
- Industrial glassware and glass products, pressed or blown
- Ink-Wells, glass
- Insulators, electrical: glass
- Lamp parts, glass
- Lamp shades, glass
- Lantern globes, glass: pressed or blown
- Lens blanks, optical and ophthalmic
- Lenses, glass: for lanterns, flashlights, headlights, and searchlights
- Level vials for instruments, glass
- Light shades, glass: pressed or blown
- Lighting glassware, pressed or blown
- Novelty glassware: made in glassmaking plants
- Ophthalmic glass, except flat
- Optical glass blanks
- Photomask blanks, glass
- Reflectors for lighting equipment, glass: pressed or blown
- Refrigerator dishes and jars, glass
- Scientific glassware, pressed or blown: made in glassmaking plants
- Stemware, glass
- Tableware, glass and glass ceramic
- Tea kettles, glass and glass ceramic
- Technical glassware and glass products, pressed or blown
- Television tube blanks, glass
- Textile glass fibers
- Tobacco jars, glass
- Trays, glass
- Tubing, glass
- Tumblers, glass
- Vases, glass
- Yarn, fiberglass: made in glass plants
Description for 3231: Products Of Purchased Glass
Division D: Manufacturing | Major Group 32: Stone, Clay, Glass, And Concrete Products | Industry Group 323: Glass Products, Made Of Purchased Glass
3231 Products Of Purchased Glass: Establishments primarily engaged in manufacturing glass products from purchased glass. Establishments primarily engaged in manufacturing optical lenses, except ophthalmic, are classified in Industry 3827, and those manufacturing ophthalmic lenses are classified in Industry 3851.
- Aquariums and reflectors, made from purchased glass
- Art glass, made from purchased glass
- Christmas tree ornaments, made from purchased glass
- Cut and engraved glassware, made from purchased glass
- Decorated glassware: e.g., chipped, engraved, etched,
- Doors, made from purchased glass
- Enameled glass, made from purchased glass
- Encrusting gold, silver, or other metals on glass products: made from
- Flowers, foliage, fruits and vines: artificial glass-made from
- Fruit, artificial: made from purchased glass
- Furniture tops, glass: cut, beveled, and polished
- Glass, scientific apparatus: for druggists', hospitals, laboratories-made
- Glass, sheet: bent-made from purchased glass
- Grasses, artificial: made from purchased glass
- Ground glass, made from purchased glass
- Industrial glassware, made from purchased glass
- Laboratory glassware, made from purchased glass
- Laminated glass, made from purchased glass
- Leaded glass, made from purchased glass
- Medicine droppers, made from purchased glass
- Mirrors, framed or unframed: made from purchased glass
- Mirrors, transportation equipment: made from purchased glass
- Multiple-glazed insulating units, made from purchased glass
- Novelties, glass: e.g., fruit, foliage, flowers, animals, made from
- Ornamented glass, made from purchased glass
- Plants and foliage, artificial: made from purchased glass
- Reflector glass beads, for highway signs and other reflectors: made
- Safety glass, made from purchased glass
- Silvered glass, made from purchased glass
- Stained glass, made from purchased glass
- Table tops made from purchased glass
- Technical glassware, made from purchased glass
- Tempered glass, made from purchased glass
- Test tubes, made from purchased glass
- Vials, made from purchased glass
- Watch crystals, made from purchased glass
- Windows, stained glass: made from purchased glass
- Windshields, made from purchased glass
Glassware Manufacturers Insurance - The Bottom Line
Not every glassware manufacturers insurance policy is the same in regards to coverage and cost. Learn if your glassware manufacturing operation has the best fit insurance policies by talking to an experienced business 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
- Audio & Video Equipment
- Auto Parts
- Bottling Plants
- 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
- Dairies & Creameries
- Down And Feather Products
- Dry Ice
- Dyes & Pigments
- Electronic Toys & Games
- Exercise Equipment
- Farm Equipment
- Feed & Grain
- Flavoring Extracts
- Frozen Foods
- Fruit Juice
- Fur Garment
- Garage Door
- Gypsum Products
- Ice Cream
- Industrial Equipment
- Iron & Steel Foundries
- Lawn Mowers
- Leather Apparel
- Leather Goods
- 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
- Psychedelic Drugs
- 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
- Vegetable Juice
- Vending Machines
- Wire Rope
- Wood Furniture
- Writing Instruments
- 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.