Machine shops provide a wide variety of services and products to their customers. The machine shop you own may produce unique merchandise for your customers to sell or it may focus on providing services such as repairing or patching worn metal tools and crafting replacement parts for existing machinery. Regardless of how your company specifically operates, as the owner you are responsible for a number of different tasks each day. You must keep the company running and profitable while also keeping your employees and customers both safe and happy. One way to relieve some of your responsibilities is to carry general liability insurance for machine shops.
Bodily Injury Coverage
Bodily injury coverage protects your customers if they ever come to harm in or around your business premises. This portion of your general liability insurance for machine shops also protects you financially as well as legally, because it pays for the expenses that arise when medical care is needed for the injuries.
Property Damage Coverage
Property damages coverage protects your customers personal property when it is on or around your business premises. If a customer’s personal property is damaged or destroyed while they are at your machine shop, this section of your general liability insurance will pay for the cost to repair that property or replace it when necessary.
Products And Completed Operations Coverage
Your machine shop may manufacturer the goods that it sells or it may provide services to repair the goods of your customers. When you manufacture products and something goes wrong, the products can harm a customer after they have purchased it. When you provide services however, there may be defects or problems with the services that are not discovered until after the fact. When products or services cause injury or harm to a customer, the products and completed operations section of your general liability insurance for machine shops will protect you from the legal and financial consequences that can arise.
Some policies are arranged on a package basis and these tend to provide extremely good value with broad cover at competitive premiums, whilst other policies will provide a basic level of cover and you can decide which sections of cover you require under the policy. For many machine shops businesses the most important business insurance protection they need is an appropriate liability insurance policy and we offer a fast and very competitive quote service for the liability insurance needs of machine shops.