Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused somebody financial loss. PLI covers your legal defense costs, damages and settlements.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Why do Furniture Manufacturers need insurance?
Establishments in this industry specialize in the production and manufacturing of most types of furniture, including companies that specialize in wood and metal furniture construction, furniture for institutions (churches, schools, etc.), upholstered furniture and kitchen fixtures such as countertops and cabinets.
Looking to start a manufacturing business? It is very important that you cover your business from the potential lawsuits that your furniture manufacturing business can face. Insurance will cover the risks that your business may face. It makes sure that when it happens, you won’t have any out-of-pocket expenses, thus your business and personal assets are protected.
What risks do Furniture Manufacturers face?
Furniture Manufacturers can face a lot of risks, below are some of those:
How much does insurance for Furniture Manufacturers cost?
The cost of your insurance policy will depend on many criteria. Most of the time, insurance carriers will ask for the size of your business, the number of employees, the coverage needed and many other factors. To find out the cost of your insurance policy, simply apply online to get a free quote or contact our customer service representatives.