Wood Manufacturing Insurance

Wood manufacturing businesses are a specialized sector; they manufacture wood floors, wooden containers, and veneers, and may also build furniture, cabinets, fixtures, and pallets. On a given day, employees may be sawing, shaping, planning, assembling, and laminating wood and wood products. Whether they are wholesalers, contractors, or a private business, wood manufacturing companies need adequate insurance coverage for their organization. An independent commercial insurance agent who has worked with manufacturers understands their interest in buying adequate coverage and knows the risks to these companies. She will guide owners in choosing the appropriate wood manufacturing insurance policy.

Wood Manufacturing InsuranceWood manufacturers should anticipate that an independent business insurance agent will want to know about their business in detail. She will probably want to make sure that an organization does not perform any auto or auto parts manufacturing, toy manufacturing, or medical products manufacturing, which might not be covered under a commercial insurance policy. And, she may wish to find out if a company distributes goods that are solely imported from another country, which could similarly impact a business’s general liability insurance. An independent insurance agent might inquire as to whether any other entity or person should be added as an additional insured under a wood manufacturing insurance policy, and she will probably mention how pricing and limits under a policy depend on the regulations in place in a particular state.

In evaluating a wood manufacturer’s commercial insurance needs, an independent insurance professional may want to find out about whether the business uses any flammables during processing, and about the nature of any pallet manufacturing on the premises. She will also ask whether flammable finishes are applied to products, and whether workers use any heat processing methods. She will likely examine whether a wood manufacturing business’s premises has centrally monitored security and fire alarm systems, and will want to learn more about the size of a manufacturing building, the amount of annual sales done by a business, and whether a wood manufacturing operation has had any losses in the past three years, and if so, if any were paid or reserved in excess of $20,000.

A seasoned independent commercial insurance agent will likely recommend that a wood manufacturing business buy boiler and machinery coverage, since most companies use expensive boilers and processing equipment on a daily basis. She may also suggest that if a company engages in overseas commerce, and especially if employees travel to conduct business in other countries, an owner may want to purchase global, inland, and ocean marine coverage. Global insurance can cover workers while they are abroad, while inland insurance provides coverage for certain kinds of property and legal liability. Ocean marine insurance can cover ocean cargo while it is being shipped to or from a wood manufacturing business. She may also mention transportation insurance, and business interruption coverage, and, depending on a wood manufacturing company’s location, may caution that many insurance carriers do not include earthquake coverage, mortgage impairment insurance, flood insurance, or mono-line windstorm coverage in a wood manufacturing insurance policy.

In working with an independent insurance agent, wood manufacturing business owners will find that they may be able to secure endorsements to their commercial insurance policy, including conditional endorsements for protective safeguards, like a sprinkler system in their building, or for a hail or windstorm exclusion. They can also purchase the proper product liability coverage. Depending on a manufacturer’s needs, an independent insurance agent can similarly guide them in selecting workers’ compensation insurance, commercial auto insurance, crime insurance, and umbrella coverage. An independent insurance agent will help owners review options for policies available from a number of different insurance companies, so that they can secure wood manufacturing insurance coverage that is right for their unique business.

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Cabinet Manufacturing Insurance

Cabinet Manufacturing Insurance

If a customer’s new kitchen cabinets slide off of the wall, an employee’s arm is sliced by an industrial saw, or fumes from processing escape from a chimney, cabinet builders need to know that their business and its employees can avoid being held legally or financially responsible for money or non-monetary damages in the event of a claim. By purchasing cabinet manufacturing shop insurance for their business through an independent commercial insurance agent, they can take steps to plan for such an accident, loss, or other liability exposure.

Whether they manufacture bath vanities or vanity tops, kitchen cabinets, or cabinet accessories, cabinet manufacturing shops may work with small offices or office buildings, individual home owners, or housing development association members. They may specialize in remodeling old houses, installing fixtures in new homes, or developing large-scale cabinet projects for businesses. Whatever their niche, cabinet making companies and their owners and employees need quality commercial insurance coverage. An independent insurance agent will guide them in selecting a policy suited to their business’s needs.

An independent insurance agent will probably discuss the typical kinds of coverage offered under a commercial insurance policy, including commercial general liability insurance, business property insurance, building insurance, and business personal property insurance. If a manufacturing shop owner employs workers, an independent agent will probably note the need for workers’ compensation insurance, which is mandated by statute. Also, if employees use company vehicles to transport or distribute cabinets to customers or wholesalers, he may suggest a shop owner buy commercial auto insurance for the business.

In working with a professional independent business insurance agent, cabinet manufacturing shop owners should expect that he will want to know about their annual sales and receipts, and may ask whether their shop has ever been foreclosed. He might inquire about whether they build anything other than cabinets on site, such as children’s toys, auto parts, or aircraft parts, which may be excluded from coverage under certain business insurance policies. And, an independent agent may ask about the neighborhood in which a cabinet manufacturing shop is located to find out about the area’s crime score, which can sometimes impact coverage.

Evaluating a cabinet manufacturing shop’s insurance needs can be challenging, which is why owners should speak with an experienced independent business insurance agent. He knows about Kitchen Cabinet Manufactures Association (KCMA) certification, customization, and finishing, and understands what cabinet manufacturing shops need when it comes to commercial insurance coverage. He can ask the right questions to assess the most pertinent risks to a business, and discuss options for policies available from a number of different insurance carriers. By working with an independent insurance agent, cabinet builders know that they are purchasing a new insurance policy, or supplementing their current coverage with cabinet manufacturing shop insurance to keep their business up and running, and its assets secure.

Furniture Manufacturing Insurance

Furniture ManufacturingIf a customer’s new kitchen cabinets slide off of the wall, an employee’s arm is sliced by an industrial saw, or fumes from processing escape from a chimney, cabinet builders need to know that their business and its employees can avoid being held legally or financially responsible for money or non-monetary damages in the event of a claim. By purchasing cabinet manufacturing shop insurance for their business through an independent commercial insurance agent, they can take steps to plan for such an accident, loss, or other liability exposure.

Whether they manufacture bath vanities or vanity tops, kitchen cabinets, or cabinet accessories, cabinet manufacturing shops may work with small offices or office buildings, individual home owners, or housing development association members. They may specialize in remodeling old houses, installing fixtures in new homes, or developing large-scale cabinet projects for businesses. Whatever their niche, cabinet making companies and their owners and employees need quality commercial insurance coverage. An independent insurance agent will guide them in selecting a policy suited to their business’s needs.

An independent insurance agent will probably discuss the typical kinds of coverage offered under a commercial insurance policy, including commercial general liability insurance, business property insurance, building insurance, and business personal property insurance. If a manufacturing shop owner employs workers, an independent agent will probably note the need for workers’ compensation insurance, which is mandated by statute. Also, if employees use company vehicles to transport or distribute cabinets to customers or wholesalers, he may suggest a shop owner buy commercial auto insurance for the business.

In working with a professional independent business insurance agent, cabinet manufacturing shop owners should expect that he will want to know about their annual sales and receipts, and may ask whether their shop has ever been foreclosed. He might inquire about whether they build anything other than cabinets on site, such as children’s toys, auto parts, or aircraft parts, which may be excluded from coverage under certain business insurance policies. And, an independent agent may ask about the neighborhood in which a cabinet manufacturing shop is located to find out about the area’s crime score, which can sometimes impact coverage.

Evaluating a cabinet manufacturing shop’s insurance needs can be challenging, which is why owners should speak with an experienced independent business insurance agent. He knows about Kitchen Cabinet Manufactures Association (KCMA) certification, customization, and finishing, and understands what cabinet manufacturing shops need when it comes to commercial insurance coverage. He can ask the right questions to assess the most pertinent risks to a business, and discuss options for policies available from a number of different insurance carriers. By working with an independent insurance agent, cabinet builders know that they are purchasing a new insurance policy, or supplementing their current coverage with cabinet manufacturing shop insurance to keep their business up and running, and its assets secure.

Pallet Factory Insurance

Pallet ManufacturingPallet manufacturers may build new or recycled wood pallets, put together skids for warehouses, or construct wooden containers, or dunnage for shipping. They might work with businesses in various industries, including meat packing, publishing, and agriculture, or even the military. Whether they build wing, reversible, or tomato pallets, or specialize in combo, reman, or green pallets made from reclaimed wood, pallet factories, and their owners and employees, need business insurance coverage to keep them adequately protected in the event an unexpected financial loss, or accident subjects them to potential liability. An independent insurance agent will guide them in choosing the appropriate pallet factory insurance.

An independent insurance agent may want to visit a pallet factory to evaluate its size and location. She will want to find out about any warehousing or storage facilities on site, and she will want to know whether a factory performs any pallet repair on the premises. An independent agent may want to look at the wiring in a factory, and want to know whether there is any deterioration of the building’s roof or chimneys. She will also look at exterior surfaces of the building, and will check to make sure that it is in good repair. An independent agent may want to determine that there are no hazardous conditions around a factory, or any outside fire exposures, like nearby abandoned buildings, overgrown brush, or street or alleyway congestion.

Pallet manufacturers may use heat treating processes, so an independent insurance agent will probably ask about the equipment used for this, and will want to know about whether any flammable materials are employed, and if hazardous fumes are released. She will also want to know if a pallet building shop provides any scrap pallet pick-up or removal services, and whether they deliver to customers, in which case she will likely recommend that an owner purchase commercial auto insurance. And, she may ask if there should be any other person, or an entity such as the federal government, airport commission, or a railroad, named as an additional insured under a pallet factory insurance policy.

In working with reconditioned wood of various grades, a pallet factory worker could inadvertently use the wrong grade, subjecting a factory to a lawsuit. Or, a customer might request different board thickness or spacing patterns for pallets than previously ordered. Then, if pallets designed to a certain load-bearing specificity fail to bear weight, this could also lead to a claim against a pallet manufacturer and factory. This is why businesses need pallet factory insurance coverage.

By working with an independent business insurance agent, pallet factory owners can find out about their company’s insurance coverage needs, and exposures, and discuss risk management strategies that can be implemented in addition to buying a policy. An independent insurance agent will serve as a resource for factory owners looking to buy a commercial general liability policy, property coverage, building insurance and other kinds of commercial insurance, including workers’ compensation, crime, and inland marine coverage. With the help of an independent insurance agent, pallet manufacturers can buy sufficient pallet factory insurance to cover a business interruption, and keep their assets and employees shielded from legal or financial liability, in case of a claim.

Other Enhanced Insurance articles related to Woodworker’s Insurance:

Carpenter Insurance

Commercial Insurance for Hardwood Dimensions and Flooring Mills

Enhanced Insurance is not written by attorneys. If you’re looking for legal advice, you need to contact a lawyer. Further, insurance practices and forms change constantly and are varied from state to state. For definitive answers in your area, contact a local agent.

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