What Kind of Insurance Do I Need for a Millwright Business?
- Nate Jones, CPCU, ARM, CLCS, AU
- Nov 12
- 2 min read
Running a millwright business involves working with heavy machinery, precision tools, and complex installations. While this trade offers great earning potential, it also comes with significant risks — from equipment damage to workplace injuries. The right insurance coverage is essential to protect your business, employees, and assets.
In this guide, we’ll break down the types of insurance every millwright business should consider and why they matter.
Why Insurance Is Critical for Millwright Businesses
Millwrights operate in industrial environments where accidents can happen. A single incident — such as a dropped machine part, a vehicle accident, or an employee injury — can lead to costly claims. Without proper insurance, these expenses could jeopardize your business.
Essential Insurance Policies for Millwright Businesses
What it covers:
Third-party bodily injury (e.g., a client gets hurt on your job site)
Property damage caused during your work
Legal defense costs if you’re sued
Why it’s important:
General liability is the foundation of business protection. It shields you from claims that could arise during machinery installation or maintenance.
What it covers:
Company vehicles used to transport tools and equipment
Accidents involving your work trucks or vans
Liability for injuries or property damage caused by your vehicles
Why it’s important:
Millwright businesses often rely on vehicles to move heavy equipment. Commercial auto insurance ensures you’re covered if an accident occurs on the road.
What it covers:
Your office or workshop
Tools, machinery, and inventory stored at your location
Damage from fire, theft, or natural disasters
Why it’s important:
Protecting your physical assets is crucial. If a fire or theft occurs, property insurance helps you recover quickly without major financial loss.
What it covers:
Medical expenses for injured employees
Lost wages during recovery
Rehabilitation costs
Why it’s important:
Millwright work involves heavy lifting and machinery, making injuries possible. Workers’ compensation is often legally required and ensures your team is protected.
What it covers:
Specialized millwright tools and machinery
Damage or theft of equipment on-site or in transit
Replacement or repair costs
Why it’s important:
Your tools are the backbone of your business. Equipment insurance keeps you operational even if something goes wrong.
How Wexford Insurance Can Help
At Wexford Insurance, we specialize in millwright business insurance. Our tailored programs cover all the risks unique to your trade, giving you peace of mind and helping you meet client requirements. Whether you’re starting out or expanding, we’ll help you find the right coverage at competitive rates.
Final Thoughts
Insurance isn’t just a safety net — it’s a business necessity. From liability protection to equipment coverage, having the right policies in place ensures your millwright business can thrive without unexpected setbacks. Ready to protect your investment?
Contact Wexford Insurance today.
