How Much Does Automotive Manufacturing Insurance Cost?

• Property Insurance – Covers damage to your factory, equipment, stock, and tools caused by fire, theft, flood, or accidental damage.
• Product Liability – Protects your business against claims of injury or damage caused by your manufactured parts.
• Machinery Breakdown – Provides coverage for sudden and accidental breakdowns of essential manufacturing equipment.
• Business Interruption – Compensates for loss of income and ongoing expenses during periods when your business operations are disrupted by insured events.
• Employers’ Liability – Covers legal costs and compensation claims if employees are injured or fall ill due to workplace conditions.

• Business Size and Revenue: Larger manufacturers or those with higher turnover typically face higher premiums due to increased exposure.
• Nature of Operations: Complex manufacturing processes, use of hazardous materials, or on-site finishing can elevate risk.
• Location: Properties in flood-prone or high-crime areas often carry increased insurance costs.
• Claims History: Businesses with previous claims or losses might face surcharges or higher rates.
• Coverage Limits and Deductibles: Higher limits and lower excess amounts increase the premium.

Small Manufacturers (Annual Revenue under £1m)

• Basic combined liability and property cover: £1,000 - £3,000
• Machinery breakdown and business interruption: £500 - £1,500
• Product liability extension: £500 - £1,000
• Cyber insurance (basic): £300 - £800

Estimated total: £2,300 - £6,300 annually

Large Manufacturers (Annual Revenue over £10m)

• Customised policies with broad coverage: £15,000 - £100,000+
• High product liability limits and recall cover: £10,000 - £50,000+
• Extensive risk management and cyber coverage: £5,000 - £25,000+

Estimated total: £30,000 - £175,000+ annually

• Industry Expertise – We understand the unique challenges faced by automotive component manufacturers and tailor policies accordingly.
• Strong Market Access – Access to multiple insurers helps you compare cost against cover quality more realistically.
• Personalised Service – Dedicated advisors guide you through the complexities of insurance and claims processes.
• Fast, Efficient Claims – We assist you promptly during claims to minimise business disruption.

• Provide Basic Business Details – Tell us about your manufacturing activities, size, location, and revenue.
• Outline Risk Controls – Share your health and safety and security procedures to tailor your cover options.
• Select Coverage Needs – Decide on the types and limits of coverage appropriate for your business.
• Compare Market Options – We present trusted insurer options side by side so the trade-offs are easier to judge.
• Choose & Purchase – Select the best policy and complete your purchase conveniently online or by phone.