Manufacturing Insurance in Palm Springs, CA

Loss can originate inside a facility or well outside it, whether from a machine failure, a fire or a product already in a customer’s hands. At Dean Mofidi Insurance Services, our team helps manufacturers in Palm Springs, CA review how their insurance addresses each.

What Types of Coverage Do Manufacturers Need?

Standard business insurance packages may not be built to address the industry-specific exposures of the manufacturing industry. Coverage commonly needed includes:

• Commercial property coverage—May help cover buildings, equipment and inventory against fire, theft and physical damage
• General liability coverage—May help cover third-party claims of bodily injury or property damage
• Product liability coverage—May help cover claims arising from harm caused by products after they leave your facility
• Commercial auto coverage—May help cover company vehicles used to transport materials or finished goods
• Workers’ compensation coverage—May help cover benefits to employees injured on the job, and is required in most states
• Equipment breakdown coverage—May help cover repair or replacement costs when mechanical or electrical systems fail unexpectedly
• Inland marine coverage—May help cover equipment, goods and other assets being transported or stored at off-site locations
• Business interruption coverage—May help cover reduced income and other expenses if a covered incident causes a delay or forces operations to shut down

Can Manufacturers Bundle Multiple Policies?

Many manufacturers qualify for a business owners policy (BOP), which combines commercial property and general liability coverage into a single contract. However, BOPs are generally designed for small- and mid-sized businesses, and many manufacturing operations may not qualify due to revenue thresholds, square footage limits or risk classifications. Larger or higher-risk operations may need a commercial package policy instead.

Get the Right Coverage for Your Operation

Coverage needs can change as your operation grows. Contact Dean Mofidi Insurance Services LLC to review your current coverage and identify any gaps that could leave your business exposed.