Do I need product liability insurance for machined components?

In most cases, yes. Product liability helps protect you if a component you manufacture, supply or assemble causes injury or property damage. This can be critical in supply chains where a small defect can lead to significant downstream loss.

Is employers’ liability mandatory for precision engineering manufacturers?

Yes. In the UK, employers’ liability insurance is generally required by law for businesses that employ staff. It covers compensation and legal costs if an employee is injured or becomes ill due to work.

Does business interruption cover apply if a machine breaks down?

Business interruption typically follows an insured event. If you add machinery breakdown and business interruption extensions (where available), you can insure loss of gross profit and increased costs of working caused by covered breakdown or damage.

Can you cover contract works, tools, jigs and fixtures?

Yes. Depending on your setup, we can arrange cover for tools, jigs, fixtures, patterns, gauges and other engineering assets, including property damage and, where appropriate, away-from-premises or transit extensions.

What affects the cost of precision engineering insurance?

Premiums depend on turnover, contracts (including indemnities), products manufactured, maximum contract value, export territories, claims history, quality controls, premises protections, sums insured for machinery/stock, and whether you provide design or advisory services.

How quickly can I get a quote?

Many risks can be quoted quickly once we have your core details. Complex or high-hazard operations (e.g., aerospace/critical components, exports, high values) may require additional underwriting review, but we aim to turn quotes around promptly.

Precision Engineering Manufacturing Insurance

Q: What is precision engineering insurance?

Precision engineering insurance is specialist cover designed for high-tolerance engineering manufacturers. It typically combines liability cover (public and product), employers’ liability, professional indemnity where design/specification risk exists, and protection for machinery, stock, premises and business interruption.

Q: Is professional indemnity required for CNC manufacturers?

Professional indemnity is strongly recommended if you provide design input, modify drawings, specify tolerances, advise on materials/processes, or sign off engineering decisions. It covers claims alleging negligence in professional services (e.g., design/specification errors).

Q: Does insurance cover CNC machine breakdown?

Machinery breakdown insurance can cover sudden and unforeseen mechanical or electrical failure of insured plant and machinery. It can also be paired with business interruption to help protect cashflow during downtime.

Q: Can I insure aerospace or defence components?

Often yes, subject to underwriting review. Insurers may consider your contracts, certifications, quality controls, traceability, and any export/regulated exposures. We can place cover with markets experienced in aerospace and high-hazard supply chains.

Specialist insurance protection for CNC machining, aerospace components, high-tolerance manufacturing and advanced engineering businesses

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We compare quotes from leading UK manufacturing insurers

INSURANCE BUILT FOR PRECISION ENGINEERING MANUFACTURERS

Precision engineering manufacturers operate in a high-risk, high-responsibility environment where tolerances are tight, contracts are demanding, and the consequences of defects or delays can be severe. Insure24 provides tailored insurance solutions designed specifically for precision engineering, CNC machining, aerospace component manufacturing, toolmaking, metal fabrication and advanced engineering businesses across the UK.

Core Insurance Covers for Precision Engineering

Product Liability Insurance – Cover for injury or property damage caused by defective components, machined parts or assemblies.
Public Liability Insurance – Protection against third-party injury or damage occurring at your premises or during site visits.
Employers’ Liability Insurance – Mandatory UK cover for employee injury, illness or long-term occupational exposure.
Professional Indemnity Insurance – Protection against claims arising from design errors, specification mistakes or engineering advice.
Property & Machinery Insurance – Cover for CNC machines, tooling, stock, fixtures, and buildings.
Business Interruption Insurance – Covers loss of income following insured damage or machinery breakdown.

Key Risks Faced by Precision Engineering Businesses

Defective components causing downstream manufacturing failure
High-value contractual penalties and recall costs
CNC machine breakdown and production downtime
Design liability and tolerance disputes
Fire, flood, and power supply interruption
Export and aerospace compliance exposures
Employee injury from machinery and tooling

Why Precision Engineers Choose Insure24

Specialist underwriters for engineering & manufacturing risks
Policies aligned to ISO, aerospace & supply-chain standards
Cover for tight-tolerance and critical safety components
Fast turnaround for complex risks
UK-based claims and technical support

How to Arrange Precision Engineering Insurance

1. Tell us about your engineering processes and machinery
2. We assess tolerances, outputs, and contractual exposures
3. Compare specialist insurers
4. Bind cover with documentation issued immediately

FREQUENTLY ASKED QUESTIONS

+-What is precision engineering insurance?

Insurance designed for high-tolerance engineering manufacturers, covering liability, machinery, professional risks and business interruption.

+-Do I need product liability for machined components?

Yes. Even a minor defect can cause significant downstream loss or injury, making product liability essential.

+-Is professional indemnity required for CNC manufacturers?

If you design, modify, specify tolerances or advise clients, professional indemnity is strongly recommended.

+-Does insurance cover CNC machine breakdown?

Yes, machinery breakdown cover can insure sudden mechanical or electrical failure.

+-Can I insure aerospace or defence components?

Yes, subject to underwriting review of contracts, certifications, and export controls.

+-Is employers’ liability mandatory?

Yes, UK law requires employers’ liability insurance for all businesses with staff.

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