My Account
We compare quotes from leading insurers
A COMBINED PACKAGE THAT HELPS YOU TAKE OFF
Combined PCB Manufacturing Insurance Explained
PCB manufacturing businesses rarely fit a “one size fits all” policy. You may fabricate boards, assemble PCBs (SMT / through-hole), hold customer-supplied components, run specialist inspection and test equipment, and supply into contract-led supply chains. A combined PCB manufacturing insurance package brings your key covers together in one joined-up programme — helping you reduce gaps, avoid duplication, and make it easier to evidence cover for customers, landlords and lenders.
A combined package typically includes property/stock, business interruption, employers’ liability and public/products liability, with options to add equipment breakdown, customers’ goods (consignment stock), goods in transit, professional indemnity (where design/spec advice exists), cyber/OT, and specialist extensions such as rectification/recall where available.
Insure24 structures combined programmes around how you actually operate: the bottlenecks, the peak stock exposure, the customer goods responsibility, the territories you supply, and the contract requirements you must meet.
Why Choose a Combined PCB Manufacturing Insurance Package?
Buying cover “line by line” can create problems: gaps between wordings, mismatched limits, conflicting conditions, and uncertainty at claim time. A combined package simplifies the structure and allows the programme to be built around your biggest loss drivers: contamination and fire severity, water ingress, theft of compact high-value stock, breakdown-driven downtime, and downstream liability for defective boards.
Combined programmes can also streamline administration: one renewal date, a unified insurer presentation, and a simpler approach to evidence requirements for audits and tenders. For many PCB businesses, that translates into faster underwriting decisions and fewer last-minute policy fixes.
Common Gaps a Combined Package Helps Avoid
- BI sums insured or indemnity periods not aligned to true recovery time
- Customers’ goods (consignment stock) not covered or limits set too low
- Equipment breakdown exposure ignored even though downtime is machine-driven
- Territories and jurisdiction mismatch between contracts and liability wordings
- Underinsurance on peak stock/WIP and compact high-value components
- Conflicting security or fire protection conditions across multiple policies
- PI exposure overlooked where design/specification advice is given
- Transit exposure missed where high-value shipments move frequently
Benefits for Contract-Led PCB Businesses
- Easier to evidence cover for OEM customers and tenders
- Simpler certificates and documentation for audits
- Better alignment of limits (e.g., £5m/£10m liability) across the programme
- More consistent approach to conditions and risk management requirements
- Reduced “policy patchwork” risk at claim time
- Clearer underwriting narrative: what you do, what you hold, what could go wrong
- Ability to add specialist covers without breaking the structure
What’s Typically Included in a Combined PCB Insurance Package?
Every PCB business is different. Some only assemble; others fabricate and assemble. Some hold significant customer components; others supply complete build-to-stock lines. Below is a typical combined structure — final cover depends on underwriting, policy terms and your specific risk profile.
Core Combined Covers
- Property / Buildings / Contents – declared buildings (if insured), contents, fixtures, racking, improvements
- Stock & Work in Progress – components, boards, WIP, finished goods, packaging (set to peak realistic values)
- Business Interruption – loss of gross profit and increased cost of working options after insured disruption
- Employers’ Liability – statutory cover for employee injury/illness claims
- Public & Products Liability – legal liability for injury or third-party property damage arising from operations/products
- Theft / Money – where included, aligned to security conditions and exposure
Common Add-ons for PCB Operations
- Customers’ Goods – consignment stock and customer-owned components/tooling held on site
- Equipment Breakdown – sudden and unforeseen breakdown of insured plant, often paired with BI
- Goods in Transit – inbound/outbound shipments (limits set to realistic consignments)
- Professional Indemnity – if you provide design/specification advice or engineering consultancy
- Cyber / OT – system interruption and ransomware resilience where production depends on IT/ERP
- Product Recall / Rectification – where available, to support controlled withdrawal/rectification costs
- Environmental / Pollution – where chemical processes and waste exposures require attention
- Legal Expenses – contract and employment dispute support (scope varies)
Setting Values, Limits & “Peak Exposure” Correctly
Combined packages work best when values and limits reflect reality — especially in PCB where high value can sit in small physical volume. The most common claim-time issues are underinsurance on stock/WIP, and customer goods limits that reflect “average” rather than “peak”.
Insurers also care about bottlenecks: if one machine or capability determines your recovery timeline, the programme should reflect that (often through equipment breakdown and BI structures).
Values to Document
- Buildings reinstatement value (if insured)
- Contents and improvements (racking, benches, office equipment)
- Plant and machinery replacement values (SMT lines, AOI/X-ray, test rigs, utilities)
- Stock and WIP (including peak values and high-value compact items)
- Customers’ goods average and peak values (consignment components/tooling)
- BI gross profit and indemnity period (aligned to realistic recovery time)
Limits Commonly Driven by Contracts
- Public/products liability limits (£2m / £5m / £10m are common contract thresholds)
- Territories supplied (UK/EU/worldwide; USA/Canada exposure influences terms)
- Professional indemnity limits where advice/design services are provided
- Transit limits based on maximum consignment values
- Customer goods limits based on peak onsite values
- Sub-limits for specialist extensions (e.g., loss of utilities, denial of access) where included
How We Present PCB Risks to Insurers
PCB manufacturing is specialist. Insurers respond best to clear, practical information: what you do, what you supply, what you hold, and what controls you have. A combined submission should reduce uncertainty — because uncertainty is what drives restrictive terms, high excesses, or slow decision-making.
We focus on underwriting clarity: process summary, site protections, values and peaks, bottlenecks and continuity, QA/traceability, territories and contracts. This is often what makes the difference between “generic terms” and a programme that’s properly aligned.
Submission Essentials
- Products/processes summary (fabrication vs assembly vs box build)
- End markets and risk profile (industrial, automotive, medical etc.)
- Premises construction, fire protection and security details
- Equipment schedule with replacement values and maintenance arrangements
- Stock/WIP and customer goods values (average and peak)
- BI figures + indemnity period rationale
- Claims history and any quality incidents narrative
Evidence That Helps
- Photos: production areas, stock storage, plant rooms, fire doors, exits
- Basic QA/testing overview and traceability approach
- Hot works policy and electrical inspection schedule (where relevant)
- ESD controls overview (training, equipment, monitoring)
- Security procedures for high-value components
- Continuity approach for bottlenecks and outsourcing options
Our biggest issue was policy gaps — customers’ goods on one policy, BI somewhere else, equipment cover separate. Insure24 helped us bring everything into a combined programme that matched our contracts and reduced uncertainty.
Managing Director, UK PCB Assembly ManufacturerPROTECT YOUR WHOLE OPERATION
- Bring key covers into one programme to reduce gaps and duplication
- Protect property, stock, WIP and high-value compact components
- Add customers’ goods cover where you hold consignment stock or customer tooling
- Safeguard cashflow with BI and increased costs of working options
- Align liability limits and territories to contracts and tender requirements
- Include equipment breakdown where machine failure is a key downtime risk
- Reduce underwriting delays with a clear, specialist risk presentation
FREQUENTLY ASKED QUESTIONS
+-
What is a combined PCB manufacturing insurance package?
A combined package brings key covers together in one joined-up programme, typically including property/stock, business interruption, employers’ liability,
and public/products liability, with options to add equipment breakdown, customers’ goods, transit, cyber and PI where relevant (subject to underwriting).
+-
Is a combined policy cheaper than buying separate covers?
Not always, but it can be more efficient and reduce coverage gaps. The biggest benefit is alignment: consistent limits, coherent conditions,
and a clearer claims pathway. Pricing depends on your values, claims history, protections and risk profile.
+-
Can a combined package include customers’ goods (consignment stock)?
Often, yes. If you hold customer-supplied components or tooling, we can structure the programme to include customers’ goods with realistic
average and peak limits, subject to insurer terms and conditions.
+-
Can equipment breakdown be included in a combined package?
Often, yes. This is important where downtime is driven by machine failure (pick-and-place, AOI/X-ray, compressors, extraction, reflow ovens).
We can also align equipment breakdown with BI where structured, subject to underwriting.
+-
What information do you need to quote a combined PCB programme?
Typically: processes (fabrication/assembly), turnover, territories, premises details, protections, equipment schedule, sums insured for buildings/contents/stock/WIP,
customer goods values (average and peak), BI figures and indemnity period, liability limits required and claims history.
+-
How quickly can Insure24 arrange a combined package?
Straightforward risks can progress quickly. For complex operations (high values, exports, higher limits, customer goods exposure, specialist plant,
recall/PI considerations), allow 1–2 working days so we can present the risk properly and approach the most suitable markets.