Manufacturer Insurance in Ohio

Ohio is more than the Rust Belt, it's a hub of innovation and excellence in manufacturing. From Wilmington's small businesses to Cincinnati's big corporations, Ohioans create products that make a difference. 

That's why they deserve manufacturers insurance that understands their specific needs and challenges.

 

Manufacturers insurance can help safeguard your business from various risks, such as property damage, product recall, liability claims and more. For instance, if a power outage causes your machinery to malfunction, you can get coverage for your lost income and repair costs. Or if your product injures customers, you can get coverage for the recall expenses and legal fees.

You are a few steps away from securing your manufacturing business. We are Bellwether Insurance, the best manufacturers insurance agency in Ohio. We have the expertise, the experience, and the enthusiasm to help you protect your assets and your employees. 

We offer tailor-made insurance solutions that suit your specific needs and budget. Whether you need property, liability, workers' compensation, business interruption, or any other type of insurance for your manufacturing business, we have you covered. We partner with top-rated insurance carriers to give you the best coverage options and rates available. 

Plus, we provide outstanding customer service and support, so you can trust us to be there for you when you need us. Contact us today for a free quote and consultation and discover why we are the number one choice for manufacturers insurance in Ohio. 



We can't wait to hear from you and serve your insurance needs!

Product liability insurance is a form of business insurance that protects manufacturers, distributors, wholesalers, retailers and other businesses involved in the production and sale of goods from claims of physical injury or property damage caused by their products. These claims can be brought by the buyers, users or bystanders of the products.

Product liability insurance is not legally required in Ohio, but it is highly recommended for any business that makes or sells products that could potentially cause harm or damage to someone or something. For example, a food manufacturer could be sued if their product causes food poisoning, a toy maker could be sued if their product injures a child, or a computer seller could be sued if their product damages a customer's property.



Product liability insurance can help cover the legal fees, medical expenses, settlement costs and other damages that may result from a product liability claim. Without this coverage, a business could face financial ruin if they are sued for a defective or harmful product.

Manufacturing equipment can be expensive and vital for the production process, so any damage or breakdown can cause significant losses and delays. Manufacturing equipment insurance can help cover the costs of repairing or replacing the equipment, as well as the income lost due to the interruption of operations.

Ohio manufacturing equipment insurance covers a wide range of risks, such as fire, theft, vandalism, power surges, mechanical breakdowns, operator errors, and natural disasters. However, not all policies are the same, and some exclusions may apply. For example, some policies may not cover wear and tear, corrosion, rust, or deterioration of the equipment. Therefore, it is important to read the policy carefully and understand what is covered and what is not.



Manufacturing equipment insurance is often purchased as part of a commercial package policy (CPP), which combines various types of coverage for a manufacturing business.

Workers compensation insurance covers medical expenses and lost wages for employees who are injured or become ill on the job. It also protects employers from lawsuits by injured workers. In Ohio, workers compensation insurance is administered by the Ohio Bureau of Workers' Compensation (BWC), which is a state-run agency. 

Manufacturing businesses in Ohio are required to have workers compensation insurance for their employees, unless they qualify for self-insurance. The BWC sets the rates and benefits for workers compensation insurance based on the industry classification and the claims history of each employer. Workers compensation insurance helps manufacturing businesses in Ohio to provide a safe and healthy work environment for their employees and to reduce the financial impact of work-related injuries and illnesses.

If you own a manufacturing business in Ohio, you may need Commercial Auto Insurance for several reasons. First, Ohio law requires all vehicles to have a minimum amount of auto liability insurance coverage, whether they are for personal or business use. This covers the costs of injuries and property damage to others if you are at fault in an accident. 

You may need additional coverage depending on the type and use of your vehicles. For example, if you transport goods or materials across state lines, you may need to comply with federal regulations and have a U.S. Department of Transportation number. 

Second, you may want to protect your valuable assets and equipment from unexpected losses. For example, if you own a food truck or a vehicle with specialized machinery attached to it, you may want to have comprehensive coverage that covers the cost of repairing or replacing your vehicle and its equipment.

Commercial Auto Insurance can be customized to fit your specific needs and budget. You can choose from different coverage options, such as collision, comprehensive, medical payments, and uninsured/underinsured coverage.

Umbrella coverage is a type of extra liability insurance that provides additional protection above and beyond your underlying policies, such as commercial general liability, commercial auto, or workers' compensation. Umbrella coverage can help you pay for legal fees, settlements, or judgments that result from a covered lawsuit. It can also cover some liability claims that are not covered by your primary policies, such as libel, slander, or false arrest.



The amount of umbrella coverage you need depends on several factors, such as the size and nature of your business, the value of your assets, and the level of risk you face. Umbrella coverage is typically sold in increments of $1 million, up to $10 million or more. The cost of umbrella coverage varies depending on your industry, location, claims history, and other factors. Umbrella insurance costs an average of $383 a year for $1 million in coverage.

Inland marine insurance is a type of business insurance that covers property that is not fixed or is regularly transported. It can protect your property from losses due to fire, theft, collision, natural disasters, and other perils while it is in transit or at a different location from your premises.

As an Ohio manufacturer, you may benefit from inland marine insurance if you ship goods, materials, or equipment across the state or the country. You may also need it if you manufacture goods on one site to be used in another location, or if you own a business with multiple locations that share inventory or equipment.

Inland marine insurance can cover a wide range of equipment and goods, such as:

• Contracting equipment: tools, machinery, scaffolding, etc.
• Construction equipment: cranes, bulldozers, excavators, etc.
• Farming equipment: tractors, combines, harvesters, etc.
• Communications and networking equipment: servers, routers, switches, etc.
• Computer equipment: laptops, desktops, printers, etc.
• Medical and scientific equipment: MRI machines, X-ray machines, lab equipment, etc.
• Photography equipment: cameras, lenses, tripods, etc.
• Artwork: paintings, sculptures, antiques, etc.
• Buildings under construction: materials and supplies for projects in progress.

Inland marine insurance can help you recover from losses that your commercial property insurance may not cover. It can also provide additional benefits such as:

• Bailee coverage: protects property that you have in your care, custody, or control for storage or repair.
• Accounts receivable coverage: covers the loss of income due to damaged or destroyed invoices or records
• Installation floater coverage: covers property that you install or deliver until it is accepted by the customer

The cost of inland marine insurance will depend on the nature of your business and products that you transport.

Casualty insurance covers losses caused by accidents, injuries, or damage to property or people. It can protect businesses from lawsuits, medical expenses, or property damage resulting from unforeseen events. Casualty insurance can also cover liability for third-party injuries or damages caused by the insured's products or services.

Ohio manufacturers may benefit from casualty insurance because they face various risks in their operations. For example, a manufacturer may be liable for defective products that cause harm to customers or other parties. A manufacturer may also be responsible for damages to their own property or equipment due to fire, theft, vandalism, or natural disasters. Additionally, a manufacturer may incur costs for workers' compensation claims or employee injuries on the job.



Casualty insurance can help Ohio manufacturers reduce their financial exposure and protect their assets in case of a loss. Depending on the specific needs and risks of each business, casualty insurance can be customized to cover different types of perils and liabilities. Some common examples of casualty insurance for Ohio manufacturers are:

You are a few steps away from comparing Ohio manufacturers insurance quotes from multiple providers. Whether you own a small or large manufacturing business, you need to protect your assets and liabilities with adequate coverage. Call us or fill out our simple contact form and get free quotes from top-rated insurers in your area.