Metal shops may spin, shear, forge, or braze metal. Punching, powder coating, extrusion, and hydroforming are also common processes that are included in a metal shop owner and employees’ expertise. In the course of providing various metal working services for individual or corporate clients, metal shops need commercial insurance coverage in case a worker is injured using a piece of equipment, a product they developed is subject to a recall, or a fire starts while a worker is welding.
An independent business insurance agent, familiar with metal fabrication outfits and owners’ concerns when it comes to buying adequate commercial insurance coverage, will guide them in finding a policy suited to their shop. She can discuss available options for general and excess liability insurance, including coverage for contractual liability, additional insureds, and hard to place products exposures, along with coverage for aircraft products, or other specialty components built by a particular shop. An independent agent will also describe commercial insurance for metal shops which covers against products liability, property coverage, including insurance for personal property, business income, and building coverage, and probably make note of manufacturers’ selling price coverage, utility service interruption insurance, and coverage for floods and earthquakes, depending on the location of a metal shop.
In working with an experienced independent insurance agent, metal shop owners can learn about transportation insurance if they engage in commerce outside of their state or the country. They can find out about coverage for goods shipped, limits for coverage of products being transported, and how values are reported to their insurer. Based on their needs, metal shop owners can also discuss coverage for international exposures, including general liability coverage, auto insurance, employers’ liability insurance, and coverage for kidnap or extortion.
In assessing a business’s insurance needs, an experienced independent commercial insurance agent will want to know about the equipment used at a metal fabrication shop, along with whether a shop itself is in a building listed on a local or national historic register, or located in a high crime area. She will ask about the raw materials used at a shop, including expanded metal like square or tube stock, welding wire, plate metal, and fittings and castings; and she may want to know about the typical tasks of employees, including whether they use band saws to shear metal, hydraulic brake presses to form it, or machining and welding equipment, like lathes, mills, and welders.
In working with a seasoned independent business insurance agent, metal shop owners can gain an understanding of the importance of having various kinds of commercial insurance coverage for their organization. They can evaluate the available options for insurance, and learn about policy limits, and how many insurers allow businesses to combine their property and commercial general liability coverage into one policy. They can also get answers to their questions about the claims process. Buying a commercial insurance policy through an independent insurance agent means that metal shops can protect their assets, and continue to operate, in the event of something unexpected, like equipment failure, loss of inventory, or an employee injury.
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