Protecting Production and Profitability

Manufacturing

India's manufacturing sector stands as a pivotal force in the economy, marked by its vast diversity from textiles to high-tech electronics. This sector fuels innovation and drives employment across the nation, yet it faces a multitude of challenges that can derail production and undermine financial stability. Equipment failures, supply chain snags, and the ever-present risk of product liability are but a few hurdles that manufacturing entities must navigate. In this complex environment, securing comprehensive insurance coverage isn't merely beneficial—it's essential for ensuring operational continuity and asset protection.

Addressing these challenges requires a nuanced understanding of the manufacturing landscape and a proactive approach to risk management. Insurance solutions tailored to the unique needs of the manufacturing sector provide a safety net, enabling businesses to mitigate the financial impact of disruptions and liabilities. This strategic coverage ensures not only the resilience of manufacturing operations but also supports the sector's ongoing journey towards innovation and excellence. By safeguarding against unforeseen setbacks, manufacturers can focus on their core mission: advancing India's industrial prowess on the global stage.

OVERVIEW

Equipment Breakdown: The reliance on machinery and technology means that breakdowns can halt production lines, leading to significant losses.
Supply Chain Disruptions: Global and local supply chain vulnerabilities can interrupt manufacturing processes, necessitating coverage for associated financial risks.
Product Liability: Manufacturers bear responsibility for the safety and reliability of their products, with potential liability claims if products cause harm.
Workplace Accidents: The industrial environment poses risks to employee safety, requiring insurance to cover workplace injuries and related liabilities can impact the event's success.

Critical Role of Insurance in Manufacturing :

300 Cr.

Machine Breakdown Losses Annually

Source-Industry Surveys

200 Cr.

Supply Chain Disruption each year

Source-Supply Chain Management Review

15,000

Workplace Accidents each year

Source-National Safety Council, India

Property Damage

Shields manufacturing facilities against physical damages from unforeseen events, ensuring the preservation of essential assets.

IAR/Business Interruptions

Provides comprehensive protection against operational losses from disasters, securing both property integrity and revenue flow.

Worker's Compensation

Guarantees financial and medical support for employees injured on the job, upholding worker safety and employer compliance.

Machinery Breakdown

Covers sudden mechanical failures under a unified package policy, minimizing downtime in production lines.

Marine Cargo/Sales Turnover

Safeguards goods in transit against loss or damage, crucial for maintaining supply chains and sales continuity.

Directors & Officers Liability

Protects the personal assets of company leaders against claims related to their corporate decisions, supporting governance and strategic risk management.

Commercial General Liability

Defends against third-party claims of bodily injury or property damage, securing the company against potential liabilities.

Product Recall

Covers the costs associated with recalling a defective product, mitigating financial impact and preserving brand reputation

Trade Credit

Insures against the risk of non-payment by buyers, vital for cash flow stability and financial health in manufacturing operations.

Cyber Insurance

Protects against digital threats and data breaches, essential for safeguarding sensitive information in an increasingly connected industry.