The Allen Thomas Group Explains the Insurance Needs For Appliance Manufacturers
September 11, 2023 at 20:52
Akron, Ohio -
The Allen Thomas Group (ATG), a risk management and independent insurance agency based in Akron, OH, has recently launched a new service page that is focused on insurance for appliance manufacturers. ATG is a company that offers help to clients, such as appliance manufacturers, in choosing the proper coverage alternatives for their production business. An insurance-specialized agent from ATG will discuss with the client the various risks that an appliance manufacturing business is exposed to and the various types of business insurance coverage that the manufacturing business is going to need.
Joe Race, CEO of ATG, says, “An appliance production enterprise should carefully consider several insurance policies to protect itself against various risks and liabilities, including product liability insurance, property insurance, general liability coverage, commercial auto coverage, workers’ compensation coverage, and professional liability coverage. At The Allen Thomas Group, we’re not just another insurance company. We’re your business partner, crafting tailor-made plans that fit your appliance manufacturing operation like a glove.”
One of the primary risks faced by appliance manufacturing companies is the possibility of accidents and injuries to their workers. This is usually due to the operation of heavy equipment, the manual handling of materials, and exposure to potentially hazardous substances. For example, an employee may slip and fall on the wet and slippery factory floor, or an employee may accidentally get their hand or feet caught in a piece of production equipment. Such risks can be minimized by adopting safety protocols and the use of personal protective equipment (PPE). There is also the risk of equipment getting damaged.
There are various types of business insurance that can be recommended for appliance manufacturers. First is general liability insurance, which provides essential coverage against third-party claims for property loss or physical injury caused by their products or their operations. Second is product liability coverage, which offers coverage for claims resulting from defective manufactured appliances that cause injury or harm to consumers. This coverage offers financial support for legal defense expenses, settlements, or judgments in product liability cases.
A third type of business insurance appliance manufacturers need to consider is commercial property insurance. This will serve to protect their physical manufacturing facilities. They also need workers’ compensation coverage to offer protection for workers should there be any work-related injuries. It is also important for appliance manufacturers to get property and casualty insurance to protect their various resources and mitigate risks.
Joe Race says, “Insurance is an integral component of risk management in manufacturing industries. As an appliance manufacturer, investing in comprehensive policies can bring numerous benefits that help safeguard your business. First and foremost, insurance protection protects the assets and properties of your company. Second, having adequate insurance protection helps address liability concerns. Third, insurance provides financial security during periods of disruption. Additionally, manufacturing companies rely on transportation for their product delivery needs. Whether operating their own vehicles or contracting third-party carriers to transport their products, commercial auto insurance provides essential protection against incidents, physical damage, and potential liabilities while goods are in transit.”
Established in 2003, The Allen Thomas Group has grown into a top provider of customized risk management and financial solutions for both people and businesses. Joe Race, who is the founder and CEO of ATG, graduated from The University of Akron. After graduation, he worked as an investment advisor in the 1990s, where he advised his clients regarding their investments. During the course of his work, he discovered that his clients also required protection for their investments. He founded ATG to offer insurance solutions that are custom-fitted to the specific requirements of each particular client. Currently, The Allen Thomas Group provides a complete range of customized business insurance solutions that are helped by the partnerships they have established with a number of insurance carriers to make sure they can provide the most appropriate insurance coverage for customers at a competitive price.
Those who would like to know more about insurance for appliance manufacturers can check out The Allen Thomas Group website or contact them through the phone. They are open from 9:00 a.m. to 5:00 p.m., from Monday to Friday.
For more information about The Allen Thomas Group, contact the company here:
The Allen Thomas Group
453 S High St Ste 101, Akron, OH 44311