Implementing safety measures, maintaining a clean claims history, and choosing higher deductibles can help lower insurance costs.
Costs are influenced by product types, manufacturing operations, equipment value, revenue, location, risk control measures, and employee count.
A BOP combines general liability and commercial property insurance, often providing broader coverage at a lower cost than purchasing separate policies.
Essential policies include general liability, product liability, workers’ compensation, business owner’s policy, and commercial auto insurance.
Product liability insurance protects against claims that a product you made caused injury or damage, covering legal fees, judgments, or settlements.
