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Nonferrous Foundries Insurance Policy Information

Nonferrous Foundries Insurance

Nonferrous Foundries Insurance. Nonferrous metals are those that do not contain significant amounts of iron - such as aluminum, copper, lead, titanium, zinc, and nickel.

Foundry or casting operations make castings by pouring molten metal into molds and letting it solidify. Nonferrous foundries handle all metals other than iron or steel, including aluminum, copper, and nickel. The process begins with raw metals, often in the form of standard sized ingots, blocks, or bars, that are melted in a furnace.

Most metals, other than nickel and tungsten, melt at temperatures lower than iron or steel. The molten metal may be refined to remove impurities such as hydrogen gases, or have other ingredients added to form alloys.

This mixture is poured into molds and cooled. Once done, the casting is removed from the mold and finished by grinding, sanding, deburring, and often some type of coating or electroplating. All along the way, testing and monitoring must be conducted to ascertain quality and purity of casting.

These nonferrous metals are processed, by smelting and casting, in so-called nonferrous foundries, which make up around half of all foundries.

Although the castings manufactured within non-ferrous foundries have a wide range of applications, they play an especially crucial role in the medical, automotive, construction, and aerospace industries.

As such, nonferrous foundries can be extremely profitable - but this branch of industry is also filled with potential hazards. From worker injuries to the malfunction of end goods, any peril can be disastrous.

That is why it is so important to invest in the right nonferrous foundries insurance coverage. What types of insurance might companies in this industry need to rely on, however? Read on to learn more.

Nonferrous foundries insurance protects your manufacturing business from lawsuits with rates as low as $99/mo. Get a fast quote and your certificate of insurance now.

Below are some answers to commonly asked nonferrous foundry insurance questions:

How Much Does Nonferrous Foundries Insurance Cost?

The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for nonferrous foundries ranges from $99 to $149 per month based on location, size, revenue, claims history and more.

Why Do Nonferrous Foundries Need Insurance?

Insurance For Manufacturers

Being a business owner is fraught with risk, regardless of the branch of commerce a company falls into. Non-ferrous foundries are vulnerable to the same perils that can befall any business, and they also have to consider some hazards that are specific to their own field.

While these risks are diverse in nature, the potential outcome is always similar - serious financial challenges, or even bankruptcy. To prevent these worst-case scenarios even in the face of disaster, it is crucial to carry solid insurance.

Considering that, in the United States, many non-ferrous foundries are located along coast lines, the acts of nature a non-ferrous foundry there are most likely to come face to with include earthquakes, wildfires, and also landslides.

Any of these natural disasters can render your foundry unusable for the foreseeable future. Vandalism and theft are two more examples of major perils that can strike any company, including yours.

Non-ferrous foundries are also vulnerable to employee injuries and illnesses due to occupational hazards, such as silica and metal fume exposure. This liability risk can be extremely costly, along with the possibility that one of your products malfunctions in such a way that it causes harm to third parties.

Despite all possible risk mitigation measures, no business can be made risk-free. When these or other disasters impact your company, however, the right nonferrous foundries insurance can protect you from financial ruin.

What Type Of Insurance Do Nonferrous Foundries Need?

Non-ferrous foundries will need to arm themselves with multiple different kinds of insurance for optimal protection in the face of a variety of perils. Your exact insurance needs are determined by factors that include the location of your foundry, your number of employees, the type of furnace you use and its value, and what materials you use for molds.

A skilled commercial insurance agent can help you craft an insurance plan based on your foundry's unique risk profile. You will, however, certainly need to carry these essential types of nonferrous foundries insurance:

  • Commercial Property: This type of insurance protects your physical assets - your building, industrial equipment, outdoor assets, finished inventory, etc. Should your facility be struck by perils as varied as theft, vandalism, or natural disasters, commercial property insurance can cover (a significant portion of) the resulting financial losses. Some of the revenue lost due to these perils can also be covered.
  • Commercial General Liability: This type of nonferrous foundries insurance protects your company against another risk - if a third party were to be injured on your property, or your foundry's actions lead to third party property damage, it covers legal costs and settlement fees when you are sued.
  • Product Liability: Specifically designed to cover liability costs resulting from claims alleging that a product you manufactured caused harm to a third party, this type of insurance will also be vital for non-ferrous foundries.
  • Workers Compensation: In the event that an employee suffers an occupational injury or illness and your company can be held partially liable, this type of insurance pays for the worker's medical costs as well as replacing any wages they lost due to related work absences. In the process, carrying workers' compensation insurance protects you from litigation in these cases.

Keep in mind that these are just examples of types of nonferrous foundries insurance available. You may further need to carry commercial auto insurance, and investing in environmental and business interruption insurance may also be desired. Ask a trusted commercial insurance agent for more information.

Nonferrous Foundries' Risks & Exposures


Premises liability exposure is usually low to moderate due to lack of public access to the premises. If the manufacturer conducts tours, visitors may be injured by slips, trips, or falls. The storage of materials or equipment in the open could pose an attractive nuisance hazard. The yard should be fenced to prevent unauthorized access, with proper lighting and warnings. Fumes and noise may affect neighboring properties.

Products liability exposure can be substantial, especially if the end product is a critical component. While other processes take place on the items after they are delivered to customers, the foundry will be brought in if there is a lawsuit. Hazards increase without contracts that clearly describe the responsibilities of the forge and the quality standards that must be met for customer satisfaction.

Losses may be caused by poor workmanship, faulty design, or hidden damage during storage (such as corrosion) or during shipping (such as unseen breakage). It may be impossible to defend against questionable claims unless there is an aggressive quality control program including high standards for materials, testing and monitoring, and documentation of sources. Older items made before improved safety features were introduced may still be in use.

Environmental impairment exposure is high due to the possible release of contaminants into the ground, air or and water. Processes themselves may cause thermal or noise pollution. Disposal of wastes must adhere to all federal and state guidelines. Exposure is increased significantly if underground or outdoor tanks are used. An underground storage tank policy may be needed.

Workers compensation exposure is very high due to the possibility of burns from molten metal or chemicals. Injuries from production machinery are common, as are slips, trips, falls, back injuries from lifting during production, delivery, or installation, exhaustion and dehydration from the intense heat, hearing loss from noise, and repetitive motion losses.

Workstations should be ergonomically designed. Fuels, lubricants, alloys and metal treatment agents (as in polishing) may involve irritants to the eyes, skin and lungs. Safety equipment and personal protective devices are critical. Since heat is extreme, it is often difficult to persuade workers to keep safety equipment on, so monitoring is important.

Property exposures consist of office, production plant, and warehouse operations or yard for storage of raw materials and finished goods. Ignition sources include heat from the foundry, production machinery, and electrical panels. The furnaces and crucibles for a foundry are constantly burning. If the fire gets away from the designated area, damage can be extensive. Molten metal can spill or leak.

Flammable lubricants, fuels, and other chemicals should be stored away from other operations. The types of metals used in producing alloys may contribute to fire load and cause for explosion. Unless there are dust collection systems and adequate ventilation, dust from the cutting and sanding operations can cause fire and explosion.

As some nonferrous metals will melt depending on the temperature, susceptibility to damage by fire or water will vary greatly.

Equipment breakdown exposures include malfunctioning production equipment, 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, either by third parties or employees, especially for high-end products or precious raw materials. 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. The manufacturer should have security methods in place to prevent theft.

Inland marine exposures include accounts receivable if the forge offers credit, computers (which may include computer-run production equipment), contractors' equipment, goods in transit, and valuable papers and records for customers' and suppliers' information. Contractors' equipment, which is used to transport raw materials to the furnace, may be stored in the open and susceptible to damage by weather-related causes of loss and vandals.

Stock in transit is not highly susceptible to damage, but some may be oversized, and subject to collision and overturn unless properly loaded, tied down, and unloaded. Some castings may be brittle and break due to heating (fire) and sudden cooling (water).

Commercial auto exposure can be high if the foundry picks up raw materials or delivers finished goods. Some castings may be very large, requiring special shipping methods. Proper loading and tie-down procedures are essential to prevent overturn and spillage onto the road.

Drivers should have an appropriate license and an acceptable MVR. All vehicles must be well maintained with documentation kept in a central location. Manufacturers generally also have private passenger fleets used by sales representatives. There should be written procedures regarding the private use of these vehicles by others.

Commercial Insurance And Business Industry Classification

Description for 3363: Aluminum Die-Castings

Division D: Manufacturing | Major Group 33: Primary Metal Industries | Industry Group 336: Nonferrous Foundries (castings)

3363 Aluminum Die-Castings: Establishments primarily engaged in manufacturing die-castings of aluminum (including alloys).

  • Aluminum die-casting, including alloys

Description for 3364: Nonferrous Die-Castings

Division D: Manufacturing | Major Group 33: Primary Metal Industries | Industry Group 336: Nonferrous Foundries (castings)

3364 Nonferrous Die-Castings: Establishments primarily engaged in manufacturing nonferrous metal die-castings, except aluminum.

  • Beryllium die-castings
  • Copper die-castings
  • Die-casting nonferrous metals, except aluminum
  • Lead die-castings
  • Magnesium die-castings
  • Titanium die-castings
  • Zinc die-castings

Description for 3365: Aluminum Foundries

Division D: Manufacturing | Major Group 33: Primary Metal Industries | Industry Group 336: Nonferrous Foundries (castings)

3365 Aluminum Foundries: Establishments primarily engaged in manufacturing aluminum (including alloys) castings, except die-castings.

  • Aluminum and aluminum-base alloy castings, except die-castings
  • Castings, aluminum: except die-castings
  • Cooking utensils, cast aluminum: except die-castings
  • Foundries, aluminum: except die-castings
  • Hospital utensils, cast aluminum: except die-castings
  • Household utensils, cast aluminum: except die-castings
  • Kitchen utensils, cast aluminum: except die-castings
  • Machinery castings, aluminum: except die-castings
  • Pressure cookers, domestic: cast aluminum, except die-castings

Description for 3366: Copper Foundries

Division D: Manufacturing | Major Group 33: Primary Metal Industries | Industry Group 336: Nonferrous Foundries (castings)

3366 Copper Foundries: Establishments primarily engaged in manufacturing copper (including alloys) castings, except die-castings.

  • Bushings and bearings, except die-castings: brass, bronze, and copper
  • Castings, except die-castings: brass, bronze, copper, and
  • Copper and copper-base alloy castings, except die-castings
  • Copper foundries, except die-castings
  • Foundries: brass, bronze, copper, and copper-base alloy-except die-
  • Machinery castings: brass, copper, and copper-base alloy-except die-
  • Propellers, ship and screw: cast brass, bronze, copper, and

Description for 3369: Nonferrous Foundries, Except Aluminum and Copper

Division D: Manufacturing | Major Group 33: Primary Metal Industries | Industry Group 336: Nonferrous Foundries (castings)

3369 Nonferrous Foundries, Except Aluminum and Copper: Establishments primarily engaged in manufacturing nonferrous metal castings (including alloys), except all die-castings and other castings of aluminum or copper.

  • Beryllium castings, except die-castings
  • Castings, except die-castings and castings of aluminum and copper
  • Castings, precision, except die-castings: industrial and aircraft
  • Machinery castings, nonferrous: except aluminum, copper, copper
  • Magnesium castings, except die-castings
  • Nonferrous metal foundries, except aluminum, copper, and die
  • Nonferrous metal machinery castings: except aluminum, copper, and
  • Titanium castings, except die-castings
  • White metal castings, except die-castings: lead, antimony, and tin
  • Zinc castings, except die-castings

Nonferrous Foundries Insurance - The Bottom Line

All nonferrous foundries insurance policies are created the same. They cab very in coverages, exclusions and premiums. You can see 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.

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.

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