How to Get Plastic Manufacturing Business Insurance for Your Factory
- 4 days ago
- 2 min read
Running a plastic manufacturing facility comes with unique risks—heavy machinery, chemical exposure, product liability, and supply chain disruptions. Knowing how to get plastic manufacturing business insurance is essential to protect your factory, employees, and long-term profitability.
Here’s a step-by-step guide to securing the right coverage.
1. Assess Your Factory’s Risk Profile
Start by identifying your specific operational risks. Plastic manufacturing facilities often face:
Equipment breakdown from injection molding machines
Fire hazards due to high-heat production processes
Worker injuries
Product liability claims
Environmental exposure risks
Review safety standards from organizations like Occupational Safety and Health Administration to ensure compliance. Insurers evaluate your safety procedures before offering competitive rates.
2. Determine the Coverage You Need
A comprehensive plastic manufacturing insurance policy should include:
General Liability Insurance – Protects against third-party injury or property damage claims.
Commercial Property Insurance – Covers buildings, raw materials, and finished products.
Equipment Breakdown Coverage – Essential for machinery-heavy operations.
Workers’ Compensation Insurance – Required in most states.
3. Gather Business Documentation
Insurance carriers will request:
Years in operation
Annual revenue
Payroll records
Safety protocols
Claims history
Equipment inventory
Having these ready speeds up underwriting and improves your chances of getting favorable terms.
4. Compare Specialized Manufacturing Insurance Providers
Not all insurance brokers understand the complexities of plastic production. Work with a provider experienced in manufacturing business insurance, factory liability coverage, and industrial risk management.
Instead of purchasing generic policies online, consult with an expert who can tailor coverage to your molding processes, resin storage, and distribution model.
For customized protection, request a quote from Wexford Insurance. Their team understands the operational risks manufacturers face and can structure a policy that aligns with your production scale and growth goals.
5. Review and Adjust Annually
As your production volume grows or you add new product lines, your insurance needs will change. Schedule annual policy reviews to ensure coverage keeps pace with expansion.
Why Proper Insurance Matters
Without adequate plastic manufacturing insurance, one equipment failure or product defect could jeopardize your entire operation. The right policy safeguards your assets, protects your workforce, and ensures business continuity.
If you’re ready to secure protection for your facility, request a tailored quote from Wexford Insurance and ensure your factory is fully covered before the next production cycle begins.
