Comprehensive insurance solutions protecting factories, production facilities, and manufacturing businesses across New Zealand. From small workshops to large-scale production, we find the right cover for your business.
The manufacturing sector is a vital part of New Zealand's economy, employing thousands of people and producing everything from food and beverages to construction materials and machinery. However, manufacturing businesses face significant risks that can threaten their operations, from equipment breakdowns to product liability claims.
Manufacturing facilities contain valuable machinery, raw materials, and finished goods that represent substantial capital investment. A major incident such as a fire, machinery breakdown, or natural disaster could result in devastating financial losses that could threaten the viability of your business.
New Zealand manufacturers also face unique local risks including earthquakes, floods, and storms, particularly in certain regions. Having comprehensive insurance in place not only protects your business but also satisfies requirements from customers, landlords, and financiers who may require proof of insurance.
Every manufacturing business has different insurance needs based on the type of products they make, their production processes, and their risk profile. Here are the essential covers most manufacturers should consider:
Covers your manufacturing facility, machinery, equipment, raw materials, and finished goods against fire, theft, storm, and other perils. Essential for protecting your physical assets and inventory.
Protects your production machinery and equipment against sudden mechanical or electrical breakdown. Can include cover for spoilage of stock and extra expenses incurred during repairs. Critical for businesses reliant on specialised equipment.
Protects your business against claims for injury or property damage caused by products you manufacture. Particularly important for food manufacturers, medical device makers, and producers of components used in other products. Often required by customers and retailers.
Covers lost income and ongoing expenses (such as wages and rent) when your operations are disrupted due to an insured event like fire, flood, or machinery breakdown. Can include cover for supply chain disruptions and contingent business interruption.
Protects your business if a member of the public is injured or their property is damaged as a result of your operations. Standard cover starts at $1M but can extend to $10M or more. Essential for factories with visitor access.
The manufacturing industry faces numerous risks that can result in significant financial loss. Understanding these risks helps you ensure you have adequate insurance protection:
Manufacturing insurance costs vary significantly based on factors such as the type of manufacturing, facility size, machinery values, turnover, and claims history. Here are typical costs for NZ manufacturing businesses:
| Cover Type | Typical Cost Range | Factors Affecting Cost |
|---|---|---|
| Factory & Contents | 0.15% - 0.4% of sum insured / year | Facility value, construction type, location |
| Machinery Breakdown | 0.5% - 2% of machinery value / year | Machine type, age, maintenance history |
| Products Liability | $2,000 - $25,000+ / year | Product type, turnover, customer base, claims history |
| Business Interruption | 0.3% - 0.8% of sum insured / year | Revenue, profit margin, indemnity period |
| Public Liability | $2,000 - $15,000+ / year | Business type, turnover, visitor access |
These are indicative costs only. Get a tailored quote from our brokers to understand your specific insurance costs. We compare multiple insurers to find you the best cover at competitive prices.
Our brokers understand the manufacturing industry and work with specialist insurers to find you the best cover.
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