Industries

Manufacturing

PACE Insurance provides specialist expertise for manufacturers, with a solid understanding of highly technical equipment and processes for manufacturing.

By understanding your business and its specialised activities, PACE Insurance can ensure business owners can focus on management in the knowledge that business assets, revenues and employees are properly covered and protected.

Insurance services offered include:

• Review of current program with full cover comparisons
• Business Interruption Reviews
• Product Liability & Recall
• Machinery Breakdown
• Workers’ Compensation

With PACE Insurance clients develop stronger manufacturing businesses via best risk management and risk transfer.

The PACE Insurance protocol will enable manufacturers to:

• Obtain a quote covering fixed assets correctly, including specialized equipment, systems, structures and raw materials.
• Assess all issues affecting these items in determining a custom designed program for your unique manufacturing enterprises.
• Consult and provide guidelines to manufacturers on reducing risk factors on all your assets (including the most valuable "your people").
• Utilise the PACE Insurance team’s expertise and experience in planning for potential losses and liabilities, but more importantly on how to avoid these situations.

Business Interruption Planning

PACE Insurance provide a competent and complete package that will correctly cover your business in the event of unscheduled and unplanned interruptions.

Where manufacturing systems are interdependent, where the whole system is stopped because of the failure of one component there is a requirement to provide relevant and suitable cover to protect against this risk outcome.

Whilst fire and perils related incidents remain prevalent on premises with high fire risks exposure and multiple ignition sources in a production scenario Machinery Breakdown also presents manufacturers with a hazard.

A complete equipment failure in this area can completely shut down a manufacturing plant. With both a heavy capital outlay and with any machine susceptible to breakdown, manufacturing operations can be halted for some time.

This policy covers cost of repairs or replacement, including installation and business interruption exposure to allow you the necessary capital to continue your operation.