Commercial Insurance

for Manufacturers

Commercial Insurance

for Manufacturers

Excalibur Insurance keeps Ontario wholesalers delivering with coverage you can understand and afford.

Excalibur Insurance keeps Ontario wholesalers
delivering with coverage you can understand and afford.

What coverage do I need & where can I save on business insurance?

Manufacturers are a crucial link in the supply chain. Without your facilities and enterprises, there are major disruptions. How do you protect your product, people and processes while being smart with your dollars?

While you are busy transforming goods into all the products the world needs, you may have failed to ensure an accident doesn’t transform your success. As a manufacturing business in Ontario, there will be coverage you can’t run the conveyor belts without, coverage to protect your team, protect specialized equipment, and more. We’re here to help make sense of it.

The team at Excalibur supports manufacturers in all settings. Your business may be manufacturing homes, leather, pharmaceuticals or electronics. It’s important to address the common exposures and challenges that face manufacturers specifically. Every stage of the process, from sourcing, processing, storing, to distributing faces risks. Rest assured that the Excalibur team will review all possible coverages to protect you & your customers from significant loss.

We always keep these items in mind.

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You need to keep
your team working.

We help you prioritize the liability coverage options that protect you in case a customer or other party takes legal action against you or your team. You can keep working with confidence knowing you are covered.

You need the flexibility to do business when it works for you.

We ensure you have the ability to access real time proof of insurance certificates and make changes to your coverage when you’re at the site, on a coffee break or between client meetings.

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You need to know
we’re a handshake away.

The only thing better than our coverage, is the commitment of our Excalibur Defenders – who double check coverage, and champion small business owners at every turn. If you need us we’re there.

At Excalibur insurance, our commercial specialists help you manage risk using our special process. Only buy the coverage you need; you have options to consider, and we can help you evaluate and understand them.

We Make Your Business
More Appealing to Insurers.

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1. We review common insurer pain points.

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2. We leverage our risk prevention expertise.

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3. We strategically package your submission for a quote.

Manufacturing businesses, we can protect:

  • Food, Beverage, and Tobacco
  • Textiles, Leather, and Apparel
  • Wood, Paper, and Printing
  • Petroleum, Coal, Chemicals, Plastics and Rubber
  • Nonmetallic Mineral
  • Primary Metal, Fabricated Metal, and Machinery
  • Computer and Electronics
  • Electrical Equipment, Appliances, and Components
  • Transportation
  • Furniture
  • Miscellaneous Manufacturing

The range of Manufacturing businesses are varied, and professionals in the field have a wide range of duties and tasks. Manufacturers face new risks and exposures everyday in an industry that is constantly faced with increased customer requirements, and innovative new processes and equipment.

Our team of Excalibur Defenders are there to provide business insurance suggestions and advice on how to manage your risks. If you are a Manufacturer and you don’t see your business listed, don’t hesitate to reach out.

OR, Just give us a call and speak to an Excalibur Defender

Let’s Begin with the Coverage You Need to Grow Your Business.

Our Excalibur Insurance Brokers might ask a lot of questions – for good reason.

Given the wide variety of manufacturing industries, there are unique risks and exposures. Insurance for Manufacturing businesses is important as it acts as a form of risk transfer.

An effective risk management strategy for manufacturing businesses includes acknowledging the risks your company may face. For each risk, once identified, there should be a method established for measuring the risk level and type of risk (financial, regulator, client-related, etc). In the Manufacturing industry, this may include product, contractual, and reputational risk. Each of these can be adequately managed with proper risk management procedures and business insurance coverage.

This list is not exhaustive however, there are a few areas of concern you may want to pay special attention to when reviewing your coverage as a manufacturer.

  • Product Risk
    This is the risk that a product contains a defect or was not produced to standards. It may later result in a liability event if the faulty product should cause bodily injury or property damage, to a distributor or even a consumer.To manage this risk, automation and equipment should be regularly maintained and looked after to ensure reduced faults. Standards of production should be upheld, and employees should be trained effectively to reduce potential errors.
  • Contractual Risk
    This covers the agreements between your business and a third party, such as a distributor or a retail business, for your business to produce and sell an agreed-upon quantity of your product. Failure to meet this deadline may result in reputational harm and a client could refuse to work with you later.Contracts should be effectively communicated, staff should be trained and up to date on priorities, and your business should avoid taking on tasks that are beyond its capacity to handle or clients that may have conflicting expectations.

Business Insurance for Manufacturing Businesses

A business insurance policy means assembling the unique coverages critical for protecting your bottom line. Different insurers will offer varying coverage options and different companies will have unique coverage needs. There is no one answer to how much coverage you need or what type. The cost will depend on many factors, such as your industry, what you produce, your employees and years of business experience, annual and projected revenues and business size.

While you may not need all the coverages listed below, it’s worth getting familiar with the ways your business can protect itself. A well-protected manufacturing business is a reliable one – able to confidently transform the next batch of raw materials with gusto.

Commercial General Liability Insurance

Commercial General Liability, or CGL, is the most basic form of business insurance coverage. It may cover a food & beverage professional from accidents both in-and-outside of regular services. This includes lawsuit expenses due to incidents of slips and falls, structural collapse, or other incidents.

Commercial Property Insurance

If you have a brick and mortar spot your business calls home – you might want to protect it. This coverage protects your business premises against losses due to theft, fire, vandalism, falling objects and other ‘named perils’

Business Interruption Insurance

Many small businesses are not insured if something happens where they need to temporarily close due to a claim. A fire, flood or break in may temporarily halt business and create serious cash flow stress.

Crime Insurance

Commercial “Crime Insurance & Employee Dishonesty” coverage helps protect businesses of all scale and scope from losses due to crime that can occur within or outside your organization.

Commercial Umbrella Insurance

Commercial “Umbrella” Liability coverage extends the limits and coverage of your Commercial General Liability (CGL) insurance capacity. It acts like a shield moving to fill gaps that might exist in your individual policies.

Directors and Officers

D&O coverage protects boards of directors and officers against lawsuit expenses. This includes public, private, profit, and non-profit organizations.

Equipment Breakdown

Equipment Breakdown Insurance protects the equipment your business depends on from sudden and accidental, physical damage that requires its repair or replacement.

Cyber Insurance

Cyber Insurance helps cover expenses when your network is hacked, or your data is stolen. It can include coverage for extortion, crisis management, and business interruption expenses.

Commercial Auto & Fleet Insurance

Commercial Auto coverage ensures that any vehicles used by your business, occasionally or full time, are protected in the case of an accident.

Liquor Liability for Food & Beverage

If your business produces and/or serves liquor as part of its operations this may cover the cost of damages, medical bills, as well as legal expense, defense costs, or settlement fees that could occur should an intoxicated person cause injury to themselves, someone else, or a third-party’s property.

Risk management isn’t always easy, but it is one of the most surefire ways to preserve your business. It may come in the form of management, mitigation, transference, avoidance, or even acceptance.

Excalibur Insurance Group has the resources needed to cover and protect your business against specific risks and will help align coverage in accordance with your individual business requirements.

You deserve an insurance broker who leaves nothing to chance, wants to save you money – and is willing to tell you the unvarnished truth.

OR, Just give us a call and speak to an Excalibur Defender

Jeff Roy, Excalibur Insurance (headshot)

Jeff Roy

President & CEO
[email protected]
(519) 482-9357

Ken Colquhoun, Excalibur Insurance (headshot)

Ken Colquhoun

VP Personal
& Commercial Sales
[email protected]
(226) 423-3015

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