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  • Home
  • Browse
    Insurance
    • Personal Insurance
      • Homeowners
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      • Boat
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      • Private Client
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      • Banks and Financial Institutions
      • Breweries & Distilleries
      • Contractors
      • Daycare & Childcare
      • Defense Base Act
      • Fuel Oil & Propane Dealers
      • Golf Courses & Country Clubs
      • Hotels, Motels, & Hospitality
      • Limousine
    • Industries (cont.)
      • Livery & Public Transportation
      • Manufacturers
      • Non Emergency Medical Transportation
      • Non-Profit & Social Services
      • Pest Control
      • Property Management
      • Restaurants
      • Schools
      • Seafood
      • Taxis
      • Technology
      • Temporary Staffing
      • Trucking
      • Wholesalers, Distributors, & Warehouses
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      • Asheville
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      • Mt Airy
      • Outer Banks
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  • About
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Jan 13
Factory worker welds steel.

The Compromise of One-Size-Fits-All Components | Manufacturer’s Insurance

Bankers Insurance re-engineered the insurance process from start to finish. We broke the mold on the flawed “Quote my coverage at renewal” cycle and instead approach the subject as if manufacturing a product. Read on to learn how our product stands out from the crowd.

Risk Tolerance vs. Coverage

Making use of standardized components can greatly reduce a product’s cost of manufacture. However, such an approach has limitations. With manufacturers insurance, off-the-shelf policies and add-ons may not suit your unique operations. Often, these kinds of policies contain unnecessary coverages or, even worse, lack needed protections. If a business is over-insured with useless add-ons, it is wasting money. If under-insured, a claim could cause more hardship than it can tolerate.

Last post, we explained how the first step in product design is to define the requirements. In insurance terms, those are the business risks to be addressed. Building upon that, the next step is to determine the business’s risk tolerance and align coverages appropriately.

Every company has a different tolerance for risk. Risks arise from operations, the products manufactured, and even the financial situation of the company. One company may require a $10,000 deductible for their manufacturing plant, whereas another may be comfortable with $500,000 or higher. Our manufacturers insurance program aligns coverage to risk tolerance in all areas, such a business income, property damage, liability, professional consulting, board of directors, product usage, pollution, and financial, to name a few.

For more information, visit manufacturers insurance. If you have questions or would like to speak with a manufacturing insurance agent, contact us at sales@bankersinsurance.net or (800) 541-1419.


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Manufacturers Insurance Quote.

Other Articles in This Group

The Deming Cycle and Insurance | Post-renewal Checkups | Manufacturers Insurance

The Deming Cycle and Insurance | Post-renewal Checkups | Manufacturers Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 24, 2020
Avoiding Insurance Market Fatigue | Manufacturers Insurance

Avoiding Insurance Market Fatigue | Manufacturers Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 24, 2020
Risks Hidden Inside Your Business Contracts | Manufacturers Insurance

Risks Hidden Inside Your Business Contracts | Manufacturers Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 21, 2020
Product Modeling and Prototypes | Manufacturers Insurance

Product Modeling and Prototypes | Manufacturers Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 17, 2020
Your Claims Concierge | Manufacturers Insurance

Your Claims Concierge | Manufacturers Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 16, 2020
Reducing and Avoiding Risks of Operations | Manufacturers Insurance

Reducing and Avoiding Risks of Operations | Manufacturers Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 15, 2020
Pulling Financial Levers | Manufacturer’s Insurance

Pulling Financial Levers | Manufacturer’s Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 14, 2020
The Compromise of One-Size-Fits-All Components | Manufacturer’s Insurance

The Compromise of One-Size-Fits-All Components | Manufacturer’s Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 13, 2020
What Are the Ten Most Concerning Risks Your Insurance Coverage Will Deny? | Manufacturer’s Insurance

What Are the Ten Most Concerning Risks Your Insurance Coverage Will Deny? | Manufacturer’s Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 13, 2020
Re-forging Tired Insurance Programs | Manufacturer’s Insurance

Re-forging Tired Insurance Programs | Manufacturer’s Insurance

Bankers Insurance re-engineered the insurance process from start to... read more →
January 13, 2020
Virginia Manufacturers Association Insurance Program

Virginia Manufacturers Association Insurance Program

Virginia Manufacturers Association (VMA) recently launched a new dividend-bearing insurance program. The program includes up-front discounted insurance premiums, best-in-class coverage,... read more →
April 23, 2018
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