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Plastic And Rubber Toys Manufacturers Insurance Policy Information

Plastic And Rubber Toys Manufacturers Insurance

Plastic And Rubber Toys Manufacturers Insurance. Toys made of plastic and rubber, or toys that have components made with these materials, are ubiquitous in modern society. Plastic and rubber toys for children come in countless varieties, ranging from balls, frisbees, and blocks to animal figurines and ever-popular action figures and dollhouse components.

Plastic or rubber toy manufacturers produce various items for play, including action figures, animals, automobiles, baby items, balls, blocks, dolls, doll furnishings, games, masks, and toy novelties.

Raw plastic, which can be in powder, liquid, flakes, or pellets, is blended or mixed with additives, resins, colorings, or catalysts. It is heated, then molded, formed, or extruded into an end product which is buffed and finished with paint or lacquer.

Other pieces may be added to assemble the final product. As natural rubber contains latex, a substance that can cause severe allergic reactions, most rubber toys are now made of synthetic, petroleum-based materials.

When natural rubber is used, the latex is imported in prevulcanized sheets that can be shredded and heated into liquid or semi-liquid form, then turned into an end product by extrusion, injection molding, or compression molding.

This market caters to children of all ages, as infants use teething toys while even teenagers may do all they can to get the latest collectible action figures, and adults, too, may collect plastic or rubber toys.

As a plastic or rubber toy manufacturer, your business strives to bring joy and entertainment to your end customers. Like any other business, however, plastic and rubber toy manufacturers can also encounter any number of perils that threaten their financial health.

That is why established businesses within the toy industry and those who are only just considering business plans should never downplay the importance of excellent insurance coverage.

What kinds of plastic and rubber toys manufacturers insurance do companies in this industry need, and why? This brief guide explains.

Plastic and rubber toys manufacturers insurance protects your manufacturing business from lawsuits with rates as low as $97/mo. Get a fast quote and your certificate of insurance now.

Below are some answers to commonly asked plastic toys manufacturing insurance questions:

What Is Plastic And Rubber Toys Manufacturers Insurance?

Plastic and rubber toys manufacturers insurance is a type of insurance coverage designed for companies that manufacture plastic and rubber toys.

This insurance protects the company against financial losses due to accidents, lawsuits, or product recalls. The coverage can include liability insurance for injuries or damages caused by the toys, product liability insurance for defects or malfunctions in the toys, and property insurance for damage to the manufacturing facilities or equipment. This insurance can also cover the cost of recall and repair expenses in the event of a product recall.

The insurance can help manufacturers to safeguard their business and reputation and to manage financial risks associated with the production and distribution of plastic and rubber toys.

How Much Does Plastic And Rubber Toys Manufacturers Insurance Cost?

The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small plastic toys manufacturing businesses ranges from $97 to $139 per month based on location, size, revenue, claims history and more.

Why Do Plastic And Rubber Toys Manufacturers Need Insurance?

Insurance For Manufacturers

While nobody - private individuals and companies alike - relishes the thought of directing funds to something they hope they will never need, the harsh reality is that accidents and other unforeseen circumstances happen every day. They can strike your company, too, and that is why plastic and rubber toy manufacturers need to invest in the right insurance.

The risks plastic and rubber toy companies face include ones common to all businesses as well as some more specific to toy manufacture itself.

Acts of nature, which are as varied as earthquakes, hurricanes, wildfires, floods, tornadoes, storms, and lightning strikes, can cause severe damage to your manufacturing facility, while simultaneously interrupting your production process and leading to lost revenue. Theft and vandalism, too, can threaten any business.

Manufacturers who make rubber and plastic toys also have one unique risk to worry about - the risk that children who use their toys become injured as a result of a malfunction or production error on their part. This can lead to drawn-out and costly litigation.

Workers can become injured within any manufacturing industry, including the toy-producing field, and that is also true for third parties who enter your premises. Both can easily be associated with tremendous costs.

These and other perils are not always preventable, but a good plastic and rubber toys manufacturers insurance program can guard you from these and other threats.

What Type Of Insurance Do Plastic And Rubber Toys Manufacturers Need?

Your exact insurance needs - the kinds of coverage you require and the accompanying costs - are as unique as your toy company is. Variables like the jurisdiction within which your facility is based, your number of workers, the equipment you use in your manufacturing process, and the age group you market your toys to, all influence your insurance needs.

For this reason, companies should consult a reputable commercial insurance agent to discuss their circumstances. The most common types of plastic and rubber toys manufacturers insurance needed, however, are:

  • Commercial Property: Should unforeseen circumstances like acts of nature, theft, or vandalism damage or destroy your physical building as well as physical assets therein (including manufacturing equipment, raw materials, and inventory as well as furniture and computers), this type of insurance has you covered. Commercial property insurance can additionally help recover revenue lost to these types of damage.
  • General Liability: This "legal defense insurance" protects your company from financial losses in the case of third party property damage or injury claims. It covers attorney fees, settlement costs, and medical and repair bills.
  • Product Liability: Essential for manufacturers who make any product that could potentially harm end users, toy manufacturers should pay special attention to product liability insurance. Should a manufacturing error, or even unclear instructions, lead a person to become injured by a toy you made, product liability insurance will be invaluable. Like commercial general liability insurers, this form of insurance protects against financial losses caused by third party liability claims, but in this case directly relating to your product.
  • Workers' Compensation: This type of plastic and rubber toys manufacturers insurance covers medical bills and potential lost wages in the event an employee sustains injuries or occupational illnesses for which your company could be held responsible.

These essential kinds of coverage may not amount to a comprehensive plan for your company; your commercial insurance broker will be able to instruct you on additional types of plastic and rubber toys manufacturers you may require.

Plastic And Rubber Toys Manufacturing's Risks & Exposures


Premises liability exposure is usually moderate to low, as access to the premises is limited. If there is a showroom, factory outlet, or retail operation, or if the company handles its own on-site testing using focus groups of children, visitors may be injured by slips, trips, or falls. Children may be injured by playing with defective products while on premises.

Fumes, dust, and noise from operations may affect neighbors. Chemicals used in processing may be corrosive and/or toxic. Should a fire occur, the difficulty in extinguishing it could result in the release of toxins and cause smoke damage to neighboring properties. Evacuation plans should be on file with the fire department. There are significant off-premises exposures if the applicant attends toy shows and exhibitions to demonstrate products.

Products liability exposure is usually high as the end products are designed for and used by children. Toys may be designed for light recreational use or for more rigorous athletic use. Small parts in toys designed for young children can present a choking hazard.

Sharp edges can result in cuts and other injuries. Some children are highly allergic to natural rubber latex. Warnings and age-appropriate information regarding potential hazards are very important, as are product recall procedures. 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. Raw materials may be toxic and flammable. The catalysts may be caustic, and the final product is usually not biodegradable. Storage and disposal procedures must adhere to all EPA and other regulatory standards.

Workers compensation exposures can be very high. Injuries from production machinery are common, as are burns, cuts, puncture wounds, slips, trips, falls, foreign objects in the eye, hearing impairment from noise, back injuries from lifting, and repetitive motion injuries. Exposure to chemicals can cause skin and eye irritation, plus lung problems. Some employees may be allergic to natural latex.

Cutting operations can result in amputation. Should there be a fire, the molten plastic and the fumes in the smoke are very dangerous and can cause severe respiratory distress. Ventilation systems are needed to prevent the buildup of toxic vapors. Dense smoke makes egress from the premises difficult. Employees should be provided with safety training and protective equipment.

Areas that generate dust require respiratory protection devices, as well as eye protection and eyewash stations. The high volume required for production schedules may lead workers to remove guards on the machinery, or to postpone maintenance and repair. 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 exposure consists of an office, shop, and warehouse for raw materials and finished goods. Ignition sources include electrical wiring, heating systems, production machinery, the buildup of static electricity, and dust explosions. If the stock catches fire, it can be very difficult to extinguish and will cause a great deal of smoke damage. Molten plastic can carry the fire great distances and into crevices.

Chemicals and fuel sources must be adequately controlled, separated, and stored. Nearly all aspects of the operation present fire hazards that can only be minimized by separation and fire suppression systems.

Machinery needs proper maintenance to prevent overheating and wear. Cutting, punching, and buffing operations generate dust which can catch on fire. This hazard increases in the absence of well maintained dust collection systems. Poor housekeeping could contribute significantly to a loss. Unless disposed of properly, greasy, oily rags (such as those used to clean machinery) can cause a fire without a separate ignition source.

Some expensive or hard-to-find toys may be targets for theft. Appropriate security controls should 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.

There can be a significant business income and extra expense exposure, depending on the amount of time required to restore operations.

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 moderate to high for employee dishonesty and theft. Employees may act alone or in collusion with outsiders in stealing money, raw materials, or finished stock, which may include brand names, limited edition sets, or popular "must have" Christmas items.

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 manufacturer offers credit, computers (which may include computer-run production equipment), contractors' equipment for forklifts, 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 causes of loss are fire, theft, collision, overturn, and water damage.

Commercial auto exposure may be high if the manufacturer transports raw materials or finished products. If raw chemicals are transported, potential contamination due to overturn or spillage is high. Transporting the final product is less hazardous unless there is a fire.

Hazards are substantially higher without proper controls, including any required Hazardous Material licenses and spill containment procedures and equipment. 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 Plastic And Rubber Toys Manufacturers Insurance Cover & Pay For?

Plastic And Rubber Toys Manufacturers Insurance Claim Form

Plastic and rubber toy manufacturers can face lawsuits for a variety of reasons, largely centered around product liability issues. Such issues might include toy defects, lead-based paint, choking hazards, or even false advertising. Each of these scenarios can lead to financial and reputational damage for manufacturers. However, insurance can provide a critical safety net, helping businesses navigate such challenges. Here are a few examples:

Product Defects: If a toy is defectively manufactured or designed, it could pose a risk to children's safety. For instance, a small part might detach easily and pose a choking hazard. If a child is injured as a result, the manufacturer could face a lawsuit. However, product liability insurance can help cover the costs associated with such lawsuits, including legal fees and any damages awarded in court.

Lead-Based Paint: In some cases, toys might contain harmful substances like lead-based paint. If a child becomes sick due to exposure to such substances, the manufacturer could be sued. Again, product liability insurance can be a lifesaver in such situations, covering the costs associated with the lawsuit.

Choking Hazards: Despite strict regulations, some toys might still pose choking hazards, especially to young children. If a child chokes on a small part, the manufacturer could be held responsible. Once again, product liability insurance can cover the costs of defending against such claims and any damages awarded.

False Advertising: If a manufacturer makes false or misleading claims about a toy, consumers can sue for false advertising. In such cases, a general liability insurance policy can provide coverage. This insurance can cover the costs of legal defense, settlements, and any awarded damages.

Overall, insurance is an essential tool for managing the potential financial risks associated with manufacturing toys. It's crucial for companies to work closely with an experienced insurance broker to ensure they have the right types and levels of coverage to protect their business.

Commercial Insurance And Business Industry Classification

Description for 3942: Dolls And Stuffed Toys

Division D: Manufacturing | Major Group 39: Miscellaneous Manufacturing Industries | Industry Group 394: Dolls, Toys, Games And Sporting And Athletic

3942 Dolls And Stuffed Toys: Establishments primarily engaged in manufacturing dolls, doll parts, and doll clothing, except doll wigs. Establishments primarily engaged in manufacturing stuffed toys are also included in this industry. Doll Wigs are classified in Industry 3999.

  • Dolls, doll parts, and doll clothing: except wigs)
  • Dolls, miniature: collectors')
  • Stuffed toys (including animals)

Description for 3944: Games, Toys, And Children's Vehicles, Except Dolls And Bicycles

Division D: Manufacturing | Major Group 39: Miscellaneous Manufacturing Industries | Industry Group 394: Dolls, Toys, Games And Sporting And Athletic

3944 Games, Toys, And Children's Vehicles, Except Dolls And Bicycles: Establishments primarily engaged in manufacturing games and game sets for adults and children, and mechanical and nonmechanical toys. Important products of this industry include games; toy furniture; doll carriages and carts; construction sets; mechanical trains; toy guns and rifles; baby carriages and strollers; children's tricycles, coaster wagons, play cars, sleds, and other children's outdoor wheel goods and vehicles, except bicycles. Included are establishments primarily engaged in manufacturing electronic board games; electronic toys; and electronic game machines, except coin-operated. Establishments primarily engaged in manufacturing dolls and stuffed toys are classified in Industry 3942; those manufacturing bicycles are classified in Industry 3751; those manufacturing sporting and athletic goods for children and adults are classified in Industry 3949; those manufacturing coin-operated game machines are classified in Industry 3999; those manufacturing electronic video game cartridges are classified in Services, Industry 7372; and those manufacturing rubber toys, except dolls, are classified in Industry 3069.

  • Airplanes, toy
  • Automobiles and trucks, toy
  • Automobiles, children's pedal driven
  • Banks, toy
  • Baskets, toy
  • Bells, toy
  • Blocks, toy
  • Carriages, baby
  • Cars, play (children's vehicles)
  • Craft and hobby kits and sets
  • Cycles, sidewalk: children's
  • Darts and dart games
  • Dishes, toy
  • Doll carriages and carts
  • Drums, toy
  • Electronic game machines, except coin-operated
  • Electronic toys
  • Engines, miniature
  • Erector sets, toy
  • Games for children and adults: puzzles, bingo, marbles, poker chips,
  • Gocarts, children's
  • Guns, toy
  • Hobby horses
  • Horns, toy
  • Kites
  • Magic lanterns (toys)
  • Models, toy and hobby: e.g., airplane, boat, ship, railroad equipment
  • Musical instruments, toy
  • Paint sets, children's
  • Pistols, toy
  • Poker chips
  • Rifles, toy
  • Rocking horses
  • Science kits: microscopes, chemistry sets, and natural science sets
  • Scooters, children's
  • Sleds, children's
  • Strollers, baby (vehicles)
  • Structural toy sets
  • Sulkies, baby (vehicles)
  • Tenders, baby (vehicles)
  • Toys: except dolls, bicycles, rubber toys, and stuffed toys
  • Trains and equipment, toy: electric an mechanical
  • Tricycles, children's
  • Vehicles except bicycles, children's
  • Video game machines, except coin-operated
  • Wagons, children's: coaster, express, and play
  • Walkers, baby (vehicles)

Description for 3949: Sporting And Athletic Goods, Not Elsewhere Classified

Division D: Manufacturing | Major Group 39: Miscellaneous Manufacturing Industries | Industry Group 394: Dolls, Toys, Games And Sporting And Athletic

3949 Sporting And Athletic Goods, Not Elsewhere Classified: Establishments primarily engaged in manufacturing sporting and athletic goods, not elsewhere classified, such as fishing tackle; golf and tennis goods; baseball, football, basketball, and boxing equipment; roller skates and ice skates; gymnasium and playground equipment; billiard and pool tables; and bowling alleys and equipment. Establishments primarily engaged in manufacturing athletic apparel are classified in Major Group 23; those manufacturing athletic footwear are classified in Industries 3021 and 3149; those manufacturing small arms ammunition are classified in Industry 3482; and those manufacturing small arms are classified in Industry 3484.

  • Ammunition belts, sporting type: of all materials
  • Archery equipment
  • Arrows, archery
  • Athletic and sporting goods: except clothing, footwear, small arms,
  • Badminton equipment
  • Bait, fishing: artificial
  • Balls: baseball, basketball, football golf, tennis, pool, and bowling
  • Baseball equipment and supplies, except uniforms and footwear
  • Bases, baseball
  • Basketballs and basketball equipment and supplies, except uniforms
  • Baskets, fish and bait
  • Bats, game: e.g., baseball, softball, cricket
  • Billiard and pool balls, cues, cue tips and tables
  • Billiard chalk
  • Bobsleds
  • Boomerangs
  • Bowling alleys and accessories
  • Bowling pin machines, automatic
  • Bowling pins
  • Bows, archery
  • Boxing equipment
  • Bridges, billiard and pool
  • Buckets, fish and bait
  • Cartridge belts, sporting type
  • Cases, gun and rod (sporting equipment)
  • Creels, fish
  • Cricket equipment
  • Croquet sets
  • Decoys, duck and other game birds
  • Dumbbells
  • Exercise cycles
  • Exercising machines
  • Fencing equipment (sporting goods)
  • Fishing tackle (except lines, nets, and seines)
  • Flies, artificial: for fishing
  • Floats for fish lines
  • Footballs and football equipment and supplies, except uniforms and
  • Game calls
  • Gloves, sport and athletic: e.g., boxing, baseball, racketball, handball
  • Golf carts, hand
  • Golfing equipment: e.g., caddy cars and bags, clubs, tees, balls
  • Guards: e.g., football, basketball, soccer, lacrosse
  • Gymnasium and playground equipment
  • Helmets, athletic
  • Hockey equipment, except uniforms and footwear
  • Indian clubs
  • Jogging machines
  • Lacrosse equipment
  • Mallets, sports: e.g., polo, croquet
  • Masks, sports: e.g., baseball, fencing, hockey
  • Nets: e.g., badminton, basketball, tennis-not made in weaving mills
  • Pads, athletic: e.g., football, basketball, soccer, lacrosse
  • Pigeons, clay (targets)
  • Pin-setters for bowling, automatic
  • Playground equipment
  • Polo equipment, except apparel and footwear
  • Pool balls, pockets, tables, and equipment
  • Protectors, sports: e.g., baseball, basketball, hockey
  • Rackets and frames, sports: e.g., tennis, badminton, squash,
  • Rowing machines
  • Sailboards
  • Scoops, crab and fish
  • Scuba diving equipment, except clothing
  • Shafts, golf club
  • Sinkers (fishing tackle)
  • Skateboards
  • Skates and parts, ice and roller
  • Skin diving equipment, except clothing
  • Skis and skiing equipment, except apparel
  • Snowshoes
  • Soccer equipment, except apparel
  • Spearguns
  • Spears, fishing
  • Sporting goods: except clothing, footwear, small arms, and
  • Squash equipment, except apparel
  • Stand boards
  • Sticks, sports: e.g., hockey, lacrosse
  • Striking (punching) bags
  • Strings, tennis racket
  • Surfboards
  • Swimming pools, plastics
  • Tables: billiard pool, bagatelle, and ping pong
  • Target shooting equipment, except small arms and ammunition
  • Targets, archery and rifle shooting
  • Targets, clay
  • Tennis goods: e.g., balls, frames, rackets
  • Toboggans
  • Track and field athletic equipment, except apparel and footwear
  • Trap racks (clay targets)
  • Treadmills
  • Wading pools, plastics coated fabric
  • Windsurfing boards and equipment

Plastic And Rubber Toys Manufacturers Insurance - The Bottom Line

Plastic and rubber toys manufacturers insurance policies vary in coverages, premiums and exclusions. To see if your manufacturing business has the best fit insurance policies - chat with an experienced commercial insurance broker.

Often they are able to save you on premiums and offer you better policy options than you currently have.

Additional Resources For Manufacturing Insurance

Learn all about manufacturing insurance. Manufacturers face many unique risks such as product libility and/or product recall exposures due to the nature of their business operations.

Manufacturing Insurance

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.

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