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Manufacturing is a multi faceted risk exposure industry. Considerable risk lies with the Products being manufactured or imported where consumer laws and common laws place risk on the manufacture that can range from personal injury, recall costs of dangerous products and financial loss from products failing to perform as warranted. Working with experienced brokers from Mercantile will assist you understand the risks and how best to present them to the right insurer allowing competitive terms with broad insurance coverage.
Industries
Plastics Extrusion Molding
Food Manufacturing
Woodworking
Steel & Metal Products
Toy Importing
Breweries
Wineries
Electronics Manufacture
Policies
Public & Products Liability
Property Insurance
Product Error & Omissions
Product Recall
Management Liability
Trade Credit Insurance
Professional Indemnity
Marine Transit
Claims Examples
Case 1: Food manufacturer distributes a batch of children’s biscuit product that had faulty packaging failing to keep the product air tight and fresh causing it to lose its consistency and become a dry choking risk to children. The product causes a serious illness in a customer. The product issue is notified to government recall agencies. Insured receives significant first and third party recall costs as well as a products liability claim from 3 injured parties and brand damage affecting future sales.
Call us today. Ph: 1300 310 467