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 Posted: Tue May 02, 2006 4:14 am Post subject: What is Factory Insurance? |
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Factory insurance provides the protection to the businesses against the possible hazards like flood, theft, damage, fire etc. This insurance usually covers the buildings, plants, machineries, stocks.
Also in addition to that employer's liability insurance, product liability insurance is covered within this policy. |
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kelvin
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Joined: 22 Nov 2005
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| Posted: Fri Oct 29, 2010 10:39 am Post subject: |
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Factory insurance is indispensable for any factory owner or a company that involved in direct manufacturing of goods. It covers each and every aspect of production or industrial production going within a manufacturing processing area. The features of factory insurance can save from damages caused by fire, lightning, explosion of gas and boilers used for domestic purposes. It also extends to the special circumstances such as explosion, riot, malicious damage, storm, flood, impact by aircraft, road and rail vehicles, escape of water from tanks or pipes and sprinkler leakage.
The factory insurance is better known as the broad channel that summarize all other risks including any accidental damage or loss not specifically excluded. Any such happening that can affect the production or causes wear & tear, electrical or mechanical breakdown and impediments in production process is a subject matter of the factory insurance.
Factory insurance can be taken in different arrangements. Choose a useful combination so as to save the interests of a companys needs.
The factory insurance includes the insurance against any kind of damage and loss of the building where the actual manufacturing process takes place. It includes full rebuilding cost irrespective of their market value.
A company can ensure its contents in the form of available raw material, finished goods, and stocks.
Factory insurance can be taken against any kind of business interruption caused due to wear & tear to the property or machinery, or loss of stock, or for many other reasons which can hamper the smooth production inflow.
Many a times, a company faces financial losses due to theft of cash in hand, stock or any thing prominent for the production of goods in normal circumstances. It also includes covers for damages caused due to the building resulting from theft or attempted theft will also normally be covered.
Property insurance |
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Milfordct
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MaxHerr
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| Posted: Fri Oct 29, 2010 9:56 pm Post subject: |
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The posting from Milfordct has been plagiarized without doubt. I could find several posted articles, from www.grendoc.net and others that have had this material posted on their sites well prior to our poster illegally plagiarizing the information.
to Milfordct- any repeated violation of the Terms of Use will result in your permanent expulsion from the forum and referral to legal authorities for potential prosecution. Moderator |
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InsTeacher
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| Posted: Mon Nov 07, 2011 7:35 am Post subject: Required factory insurance |
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Dear sir,
We are running the printing machinery at magadi road,near anjan theater at bangalore...kindly give me the quote for the factory cum machinery breakdown policy.
My number is-(removed by moderator)
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shree
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| Posted: Mon Nov 07, 2011 12:08 pm Post subject: |
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I don't think anyone from this forum is going to call you to give any quotes . You'll have to make use of the Internet to get quotes from various insurance companies or better still get an agent to help you.
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B
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| Posted: Thu Dec 22, 2011 11:29 am Post subject: |
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| Factory insurance is a very important for a businessman as it covers his business from all of the losses that can possibly happen. e.g. Theft, fire, water damage, storm damage or any natral calamity, so this type o finsurance act as a safeguard against all these odds. |
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damonsalvatore
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