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A COMBINED INSURANCE PACKAGE THAT HELPS YOU TAKE OFF
Why a Combined Electrical Manufacturing Insurance Package Matters
Electrical component and electronics manufacturing rarely fits neatly into a single “policy box”. You may operate from a factory with production lines, ESD controls, test laboratories, curing ovens, extraction systems and plant rooms. You may hold high-value stock in small physical volume (reels, connectors, sensors, passive components) and ship finished goods into tight OEM schedules. You may supply directly to customers, through distributors, or via export routes. And you may have a mix of exposures that standard “office and shop” packages were never designed to handle.
A combined manufacturing insurance package is a joined-up approach that brings the key covers together so there are fewer gaps, fewer duplicated exclusions, and clearer claims handling when something goes wrong. Instead of trying to stitch together multiple disconnected policies, a combined package is designed to protect the entire operating picture: premises, stock, machinery, income, people, and third-party liabilities.
Insure24 specialises in arranging combined manufacturing insurance programmes for electrical component manufacturers across the UK. Whether you manufacture passive components (resistors, capacitors, inductors), connectors and terminals, cable assemblies, PCB assemblies, control modules, power electronics, industrial instrumentation or specialist electrical products, we’ll help you build a policy structure that matches your real risk profile.
What’s Included in a Combined Electrical Manufacturing Insurance Package
Every combined package is tailored to the business. The goal is to create a practical, insurer-friendly structure that protects your core assets and cash flow, while meeting customer and contractual requirements.
- Property / Buildings – Factory, warehouse and office buildings (where insured), plus reinstatement costs and professional fees.
- Contents, Plant & Tools – Benches, fixtures, racking, extraction, compressors, ovens and general factory contents.
- Stock & Materials – Raw materials, finished goods, packaging, spares and (where relevant) high-value electronic parts.
- Business Interruption (BI) – Loss of gross profit and increased cost of working after an insured event, aligned to realistic recovery time.
- Equipment Breakdown – Sudden and unforeseen breakdown of insured plant (often paired with BI to protect income during downtime).
- Employers’ Liability – Statutory protection for employee injury/illness claims.
- Public & Products Liability – Cover for injury/property damage arising from your operations or products supplied.
- Goods in Transit – Protection for goods in transit within the UK and/or abroad (subject to limits and insurer terms).
- Money / Theft – Options for theft, burglary and certain money risks, subject to security requirements.
- Optional Add-ons – Professional indemnity, product recall/rectification, cyber cover, legal expenses, engineering inspections, management liability (depending on needs and insurer appetite).
Common Risks for Electrical Component & Electronics Manufacturers
Combined packages exist because manufacturing risks are interconnected. A single incident can trigger multiple losses: damage to stock, operational downtime, missed deliveries, contractual pressure, and third-party claims. Below are common loss patterns we see in the electrical manufacturing sector.
- Fire and smoke contamination damaging stock, packaging and test areas
- Escape of water (burst pipes, sprinklers, roof leaks) destroying moisture-sensitive components
- Theft of copper, cable drums, tools, laptops and high-value portable test equipment
- Power surge / electrical faults causing damage to calibrated instrumentation
- Equipment breakdown (compressors, extraction, chillers) causing immediate production stoppage
- Product defects leading to property damage allegations and costly investigations
- Supplier disruptions delaying critical materials and triggering contractual delivery issues
- Manual handling and machinery injuries creating employers’ liability exposures
- Vehicle impact at loading bays and damage to shutters/fencing
- Environmental incidents (solvents, resins, oils) and clean-up costs (where relevant)
- IT and operational disruption affecting ERP, QA records and production scheduling
- Customer audits and contract requirements for higher limits or specific policy wording
Why Choose Insure24 for a Combined Package
A combined package only works if it’s built around the real operational details. We focus on the things insurers care about: process risk, fire protections, stock values, BI accuracy, contract requirements, quality controls, and practical claims response.
- Manufacturing-led submission – We present your processes and protections clearly to underwriters.
- Right-market placement – We match your risk profile to insurer appetite rather than forcing a generic package.
- BI set properly – We help avoid underinsurance by aligning gross profit and indemnity periods to reality.
- Contract readiness – We help you meet landlord, lender and OEM insurance requirements.
- Gap reduction – Joined-up cover reduces grey areas between policies when incidents trigger multiple losses.
- Practical advice – Risk management insights that can also improve insurer terms.
How to Get a Combined Electrical Manufacturing Insurance Package
The fastest way to secure good terms is to provide a clear snapshot of your operation. We’ll guide you through it and keep questions practical so underwriting can progress quickly.
- 1. Describe your manufacturing – Products, processes, end markets, and whether you design/specify or purely manufacture.
- 2. Confirm turnover and territories – UK vs EU vs worldwide, and whether the US/Canada are involved.
- 3. Provide site details – Construction, fire and security protections, storage, and any hazardous materials/ovens.
- 4. Set sums insured – Buildings, contents/plant, stock, and work in progress; plus BI gross profit and indemnity period.
- 5. Review options – Choose the right limits, excesses, extensions and add-ons to match your contracts.
- 6. Place cover – Receive policy documentation and certificates for landlords, lenders and customers.
Combined Package Insurance for Your Type of Electrical Manufacturing
“Electrical manufacturing” covers a wide range of businesses. Your risk profile depends on end markets, volumes, process complexity, and how your products are used downstream. We tailor cover and underwriting presentation accordingly.
Passive Components & High-Volume Parts
- Batch traceability and QA/testing depth become central to underwriting
- Potential need for higher products liability limits and contract review
- Stock cover aligned to high-value reels and controlled storage
- BI designed around supply commitments and lead times for materials
- Optional recall/rectification discussion where insurers can offer terms
Cable Assemblies, Harnesses & Connector Manufacturing
- Fire risk presentation for storage density, packaging and production layout
- Quality and specification control to reduce downstream failure disputes
- Transit cover if you ship frequently to multiple customer sites
- Tooling, dies, crimping equipment and test rigs considered within plant
- EL/PL structured around site visitors, manual handling and machinery risk
PCB Assembly, Control Panels & Industrial Electronics
- Higher concentration of value in WIP and finished goods
- Sensitive stock vulnerable to smoke/water contamination
- Contractual penalties and delivery commitments influence BI needs
- Potential PI exposure if design/specification and integration is provided
- Equipment breakdown for soldering, inspection and test equipment where critical
Power Electronics & Higher-Risk End Markets
- Higher risk of overheating/property damage allegations
- Need for robust documentation, operating parameters and QA evidence
- Policy limits and wording often driven by OEM tender requirements
- Fire protection and electrical maintenance presentation becomes more important
- Potential global territory considerations depending on distribution
Understanding How Combined Packages Reduce Gaps
When policies are purchased separately, the biggest risk is not “missing a cover name” – it’s the gaps that appear at the edges. In manufacturing, losses do not arrive in neat categories. A fire can cause smoke contamination to stock (property), halt production (business interruption), force outsourcing (increased cost of working), and trigger late delivery disputes (contract pressure). A machinery failure can stop production without any fire or flood trigger, so pure property insurance may not respond unless equipment breakdown is included. A product defect may lead to property damage allegations (products liability), legal defence costs, and urgent containment actions that stretch cash flow.
A combined electrical manufacturing package is designed to create continuity across these scenarios. It can simplify administration, reduce duplicated exclusions, and provide clearer claims handling, because the insurer has a more complete view of the overall risk. It also supports more consistent underwriting: stock values are aligned to BI calculations, building protections are evaluated alongside equipment risk, and liability limits can be structured around your end markets and contracts.
In practice, the value of a combined package comes down to four areas:
1) Consistency of sums insured. Stock, WIP, plant and buildings values are set consistently, reducing underinsurance and “average” clauses.
2) Realistic business interruption design. Indemnity periods are aligned to reinstatement time plus ramp-up time, not just the initial repairs.
3) Better incident response. When one insurer (or aligned programme) sees the full picture, incidents can be handled with fewer disputes about “which policy should respond”.
4) Contract readiness. OEMs, landlords and lenders often require evidence of certain limits and covers; a combined package helps you present this cleanly.
The key is tailoring. A combined package is not about buying everything available. It’s about selecting the covers that genuinely protect your operation, and then ensuring the policy wording, limits and conditions match how you trade.
The Real Cost of Manufacturing Incidents
Many manufacturing businesses think first about the visible damage: a burnt panel, a damaged roof, a stolen tool kit. The more serious costs are often hidden: delayed deliveries, overtime, failed audits, loss of preferred supplier status, and time spent managing claims and customer relationships. A combined package is designed to protect not just the building, but the ability to continue trading.
Direct Losses
- Repair or replacement of damaged plant, electrics and equipment
- Building reinstatement, professional fees and debris removal
- Stock and WIP write-offs following fire, smoke or water contamination
- Theft losses and repairs to shutters, doors, fences and security systems
- Specialist clean-up and contamination remediation
- Legal defence and investigation costs for liability allegations
Indirect & Hidden Losses
- Lost gross profit from downtime and reduced output
- Overtime, outsourcing and premium freight to catch up
- Re-qualification of processes, calibration and quality documentation rebuild
- Customer service penalties, relationship damage and future order loss
- Management distraction and operational strain across teams
- Knock-on supply chain impact and missed tenders or audits
Assess Your Risk Profile (What Underwriters Want to See)
Underwriters are pricing two things: the likelihood of a loss and the likely severity if it happens. Your controls, documentation, and resilience planning can materially improve how insurers view your risk.
Key Areas
- Products and end markets (automotive, industrial, consumer, medical, power)
- Turnover, customer concentration and export split
- Premises construction, fire protection and security
- Processes (soldering, coating, curing ovens, chemicals, hot works)
- Stock values, WIP and storage arrangements
- Maintenance schedules for critical utilities and plant rooms
- Quality systems, testing coverage and traceability (where relevant)
- Incident response planning and business continuity capability
Risk Factors
- High electrical loads and condition of distribution boards
- Combustible packaging load and housekeeping standards
- Flood exposure and past water damage history
- Reliance on one key machine or one site (bottleneck risk)
- Any prior claims, near misses or quality incidents
- Contractual liabilities, warranties and insurance requirements
- Ability to temporarily relocate or outsource output after a loss
- Cyber resilience for operational continuity (ERP/QA data)
How Combined Cover Helps Real Manufacturers
These examples illustrate why manufacturers often prefer a joined-up insurance approach: incidents rarely stay inside one category.
Case Study: Fire Causes Stock Contamination & Downtime
Situation: A small electrical fire damaged a distribution board and created smoke contamination in a nearby stock area.
Impact: Stock write-offs, clean-up, and halted production while power was restored and areas were inspected.
How combined cover helps: Property supports repairs/stock loss, and BI supports lost gross profit and catch-up costs during recovery.
Case Study: Equipment Breakdown Stops Output
Situation: A compressor failure stopped key pneumatic processes and shut down production.
Impact: Missed deliveries, overtime, and urgent repair costs.
How combined cover helps: Equipment breakdown supports repair, and BI helps protect revenue during downtime.
Case Study: Theft of Tools & Test Equipment
Situation: A break-in targeted portable tools and specialist test equipment.
Impact: Replacement cost plus disruption to testing schedules.
How combined cover helps: Theft cover responds subject to security terms; BI may help where output is reduced following an insured incident.
Case Study: Products Liability Allegation After Failure
Situation: A customer alleged a supplied component contributed to equipment damage.
Impact: Investigation costs, legal correspondence, and potential settlement exposure.
How combined cover helps: Products liability supports defence and damages (where liable), while the combined structure reduces friction in claims handling.
Risk Management Best Practices (That Insurers Like)
A strong risk profile can reduce claims and improve insurer appetite. These practical measures commonly strengthen underwriting for electrical manufacturers.
Property & Fire Controls
- Documented fire risk assessment and action plan
- Maintained fire alarm system with monitoring arrangements
- Hot works permit system and contractor control
- Good housekeeping and controlled waste storage
- Electrical inspection regime and corrective maintenance evidence
- Plant room discipline (clear access, tidy cabling, no storage near electrics)
- Roof and gutter maintenance records to reduce water ingress
- Stock stored off-floor where water damage exposure exists
Operational & Liability Controls
- QA documentation, test coverage and calibration programme
- Traceability and batch control for high-volume components
- Clear product documentation (datasheets, operating limits, warnings)
- Contract review for indemnities, warranties and penalty clauses
- Incident response process for quality complaints and containment
- Security: monitored intruder alarm, CCTV, access control
- Business continuity planning (temporary working, outsourcing options)
- Cyber resilience for ERP/production scheduling and secure backups
Coverage Levels & Typical Combined Package Structure
These examples show how combined packages are commonly structured. Your final cover will depend on turnover, processes, site details, territories and claims history.
Starter Package
Ideal for: Smaller manufacturers, lower stock values, limited export
- Property (buildings/contents/stock) with core perils
- Employers’ liability and public/products liability
- Basic BI with sensible indemnity period
- Optional goods in transit
- Security and fire protections aligned to insurer requirements
Standard Package
Ideal for: Growing businesses with more complex premises and delivery commitments
- Enhanced property and stock cover with practical extensions
- Improved BI (including increased cost of working)
- Equipment breakdown for critical plant/utility systems
- Higher liability limits aligned to customer requirements
- Transit cover structured around shipping frequency and values
Premium Package
Ideal for: Higher-value stock, OEM supply chains, export, or higher-risk end markets
- Longer BI indemnity periods to cover reinstatement and ramp-up
- Contingent BI where supplier dependency is material
- Higher sums insured backed by valuations and evidence
- Optional PI if design/specification support is provided
- Optional cyber and/or recall discussion depending on suitability
Enterprise Package
Ideal for: Multi-site groups and high-output factories with complex contracts
- Bespoke programme design across multiple locations
- Advanced BI design and resilience planning support
- High limits and tailored wording for contract-driven exposures
- Specialist claims protocols and reporting requirements
- Optional management liability and other corporate covers where relevant
We needed one insurer-led solution that covered our building, stock, downtime exposure and liability requirements for OEM customers. Insure24 put together a combined package that made tendering and renewals much simpler.
Finance Director, UK Electrical Components ManufacturerPROTECT YOURSELF
- Damage to buildings, contents, plant, tools and stock from insured events
- Loss of gross profit and increased costs of working after a disruption
- Sudden equipment breakdown that stops production (where included)
- Third-party injury and property damage claims (public/products liability)
- Employee injury claims (employers’ liability)
- Goods in transit exposures where you ship frequently to customers
- Optional extensions based on your contracts and risk profile
Compliance & Regulations
A combined manufacturing package can help you meet requirements from multiple stakeholders, including:
- Landlord and lender insurance requirements (property/BI)
- Customer tender requirements for liability limits and certificates
- Health & safety obligations for industrial premises and staff
- Documented risk controls expected by insurers (alarms, maintenance, hot works)
- Data protection expectations where customer and specification data is handled
FREQUENTLY ASKED QUESTIONS
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What is a combined electrical manufacturing insurance package?
A combined manufacturing package is a joined-up insurance structure that can bring together key covers such as property/buildings, contents and stock, business interruption, equipment breakdown, employers’ liability, public/products liability and (where required) goods in transit and other extensions. It’s designed to reduce gaps and make claims handling clearer when incidents trigger multiple losses.
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Is a combined package cheaper than separate policies?
Not always, but it can be more efficient. The real benefit is often improved cover consistency and fewer gaps between policies. Pricing depends on turnover, premises risk, sums insured, processes, claims history and required limits. We focus on value and suitability as well as premium.
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What is usually included in business interruption for manufacturers?
BI typically covers loss of gross profit following an insured event (such as fire or flood) and may include increased cost of working to keep trading (overtime, outsourcing, temporary premises). The key is setting the gross profit and indemnity period realistically to cover reinstatement plus ramp-up time.
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Does a combined package include products liability?
It can. Many combined manufacturing packages include public and products liability, which can respond where you are legally liable for injury or third-party property damage arising from your operations or products supplied (subject to terms and exclusions). Limits can be tailored to contract requirements.
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Can equipment breakdown be added to protect production uptime?
Yes. Equipment breakdown can be arranged to cover sudden and unforeseen breakdown of insured plant (such as compressors, extraction systems, electrical panels, chillers and certain production equipment). It is often paired with BI so the package protects both repair costs and income loss during downtime.
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What information do you need to quote a combined manufacturing package?
Typically: products and processes, turnover and export split, customer types and contract requirements, premises construction and protections, sums insured (buildings/contents/stock/WIP), BI gross profit and indemnity period, details of key plant, and any previous claims or incidents. Photos, valuations and risk assessments can help improve terms.
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Can the package be tailored to OEM and tender requirements?
In many cases, yes. We can approach insurers to tailor limits, territories and policy wording to meet customer requirements, subject to underwriting. It’s best to share tender clauses early so the structure can be built correctly from the start.
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How quickly can Insure24 arrange cover?
For straightforward risks we can often provide options quickly. Where there are higher sums insured, complex processes, exports, higher limits or contract-driven requirements, allow 1–2 working days so we can present the risk properly and return the most suitable options.
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Can I adjust the package mid-term if my business changes?
Often, yes. If you move premises, increase stock, add a new production line, begin exporting, or need higher liability limits for a new contract, we can approach insurers to amend cover (subject to underwriting). It’s best to inform us as soon as changes are planned.
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What are common exclusions or gaps to watch for?
Common issues include underinsurance of buildings/stock/BI, inadequate indemnity periods, limited theft cover due to security conditions, lack of equipment breakdown where breakdown is a key downtime driver, and liability territories/limits not matching customer requirements. We help identify and reduce these gaps during placement.