Why do I need Precision Engineers Insurance?
As a precision engineer, you’ll know all about the importance of getting the detail correct. It’s something that your customers expect from you and what you deliver to them. Getting the detail right is also important when it comes to choosing the right precision engineers insurance policy.
Buckingham Insurance work with a number of businesses working in the manufacturing and engineering sector across the East Midlands and beyond. We already have clients of all shapes and sizes, from small specialists with just a handful of staff turning, through to those with 50 staff and £25m turn over, we pride ourselves on making sure that they get the adequate protection that they need for their business without paying for cover they simply don’t need. Why not pick up the phone and speak to one of our professional advisors about your precision engineering insurance requirements?
For more free advice, please don’t hesitate to give us a call on 01246 575 625 or use our enquiry form.
What can be included on a Precision Engineers Insurance Cover?
Key covers typically required by precision engineers include:
- Machinery Breakdown Cover
- Cover for non-ferrous metals
- Products Liability for safety critical processes e.g automotive, aerospace, rail
- Cover for onsite installations
As a precision engineering business, it’s likely that you have specific concerns when it comes to protecting your business. It’s likely that the business owns valuable plant and machinery, as well as IT equipment and software. These are likely to be critical to your business, and it may be that in addition to insuring them, you should consider business interruption insurance which would protect you in the event that you were unable to trade for a period following an insured event. You may also wish to consider engineering inspection cover.
You will carry stock of valuable materials – and precious metals and non ferrous metals are attractive to thieves – so it’s important to ensure that you have adequate levels of cover in place.
At Buckingham Insurance we know that no two businesses are the same, and therefore no two insurance policies should be the same either. We can tailor a policy to suit your exact needs so that you are safe in the knowledge that you are insured adequately against all eventualities. Call us on 01246 575 625 for more advice or contact us through our website here.
What other insurance is needed for a precision engineering business?
Just like any business, there are a number of covers that you’re likely to need as a matter of course – for example public and employers liability – which protect you in the event of a claim made by a member of the public or staff that they have in some way suffered a loss or been made ill or injured as a consequence of your business activity.
Similarly, you may need commercial premises and contents insurance, protecting you in the event of a fire, flood, vandalism or similar events that may lead to the property being damaged or contents damaged or stolen.
Cover can also be arranged where you have a commercial vehicle – or a number of them – and included as part of your overall business insurance.
No matter whether you own your own fleet of distribution vehicles, or rely on third parties when shipping goods to customers, you’re likely to benefit from Goods In Transit cover, protecting you in the event of loss or damage to goods while they are being transported.
Why compare precision engineers insurance quotes with Buckingham Insurance?
Buckingham Insurance is an independently owned and run broker with over 40 years experience working with businesses in the manufacturing and engineering sector, including precision engineers. Pick up the phone to us today and you’ll find you will be able to speak directly with a professional advisor who will be happy to discuss your business insurance needs, and recommend a policy to suit your needs.