What is Factory Insurance?

Submitted by kelvin on Tue, 05/02/2006 - 04:14

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.

Posted: 29 Oct 2010 10:39 Post Subject:

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

Posted: 29 Oct 2010 10:43 Post Subject:

PLAGIARIZED from a Nigerian website post in August 2010, that was stolen from a different Nigerian website post in June 2010.

CRIMINAL!!

Posted: 29 Oct 2010 09:56 Post Subject:

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

Posted: 22 Dec 2011 11:29 Post Subject:

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.

Posted: 07 Feb 2012 05:23 Post Subject: Factory insurance

Factory insurance is essential cover for any business involved in manufacturing or utilises a factory for whatever reason. If you work in the manufacturing industry, it is highly likely that the majority of day-to-day business operations take place in a factory. Unsurprisingly this work carries a high level of risk with it. In particular, damage to machinery, tools, stock or even people could prove disastrous to the welfare of your manufacturing business.

Posted: 22 Feb 2012 04:42 Post Subject:

Factory insurance also known as manufacturers insurance will be coverage against unusual situations faced by a manufacturing unit, your business can face any kind of financial loss due to natural or men made disastrous situations and you can come out of that just because of factory insurance. it makes it possible for business owners to manage the limited sources of income and renovate the premise as soon as possible.

For more details on factory insurance we can read the posts which are related to term factory insurance.

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