Insurance
Do you have the right insurance for your business? Do your policies cover all your needs? A component manufacturer needs the right insurance to cover each activity within their scope of work. There are also safety programs, protocols, and other means a component manufacturer can implement to help keep insurance premiums low. The information below is intended to help component manufacturers understand their insurance options, assess their coverage needs, and provide CMs with safety training that can reduce risk and insurance premiums.
SBCA is committed to providing component manufacturers (CMs) greater insurance management assistance so that each member has the right insurance coverage to protect all areas of the business.
Top Resources
This article discusses how to assess what your Commercial General Liability (CGL) insurance policy can provide in terms of a construction defect lawsuit defense and payment.
This article discusses how to minimize one of your greatest risks as a manufacturer: truck liability exposure.
This article discusses safety best practices for managing risk and discusses how internal safety audits and third-party reviews can be healthy.
This article offers the component manufacturer help in understanding Commercial General Liability (CGL) insurance.
Best Practices
ORISK is an online risk management course tailored specifically to building component manufacturers. It is designed to be an efficient and effective way to train your employees on critical risk management concepts.
SCORE includes a suite of risk management best practice programs you can implement to reduce insurance premiums.
SBCA Operation Safety assists you in implementing your own customized safety program so you can help you protect your employees and your company.