Four in every five Australian businesses are underinsured. The consequences of this can leave your business exposed to huge financial and legal risk. With that in mind, it’s never been more important to work out the insurance requirements for your business.
Every business is different and has different insurance needs. We’ve researched insurance for different industries, so you can find out what cover options are popular in the manufacturing industry.
98% of manufacturing businesses with CGU use product and public liability insurance to protect themselves and their business against a range of legal liabilities, including personal injury and property damage.
79% of CGU’s manufacturing customers use business vehicle insurance to cover damage or loss relating to their work transport.
70% of manufacturing businesses with CGU use this cover to insure their premises from damage to buildings, contents and stock caused by accidental damage.
64% of manufacturing businesses with CGU use this cover to insure their premises from damage to buildings, contents and stock caused by fire & perils and accidental damage.
69% of our manufacturing customers enjoy CGU’s expertise in workers compensation, from managing claims and getting your staff back on their feet.
Learn about workers compensation insurance
While this is what most manufacturing customers insure, your needs may be different. Want to learn more? Find an insurance adviser or call us on 13 24 81.