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Manufacturing

Vézina Assurances Inc., Marsh McLennan Agency’s Canadian headquarters (Vézina) has the industry knowledge and dedicated personnel to create a cost-effective risk management program that produces meaningful results.

Macroeconomic stresses continue to impact the growth of manufacturing domestically and abroad and you need a partner who can help you navigate this complex landscape. We are part of the world’s leading risk management, strategy, and benefits firm. We are part of your world too, with local professionals uniquely able to help you pursue your company’s goals and ambitions without limits.

Manufacturing Industry Services

Beyond insurance, Vézina can help eliminate manufacturing risk by providing the following services:

Product Recall

Significant expenses can be associated with recalling, replaying, or destroying a defective product and our global team designs and places insurance programs for organizations catered to these specific needs.

Intellectual Property

Our team looks beyond traditional insurance policies to find the right program to protect your organization’s intellectual property rights including patents, copyrights, trademarks, and design rights.

Cyber Risk

Vézina provides proprietary solutions and best-in-class advisory services to help organizations understand their cyber risk vulnerability and threats, measure potential exposure, and manage their cyber risk using our tailored insurance solutions, risk mitigation, and loss control tools.

Environmental Risk

We offer unmatched consultative and risk management solutions for all environmental health and safety risks.

Workers' Health 360

Workers’ Health 360 (WH360) completes the circle of organizational health, worker well-being, and risk management with data integration

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Tailored Coverages for Manufacturing

  • Product Liability
  • Product Recall
  • Credit Insurance
  • Property Insurance
  • Consequential losses
  • Mechanical Breakdown
  • Auto Insurance
  • Directors and Officers Liability
  • Error and Omissions Liability
  • Excess and Umbrella Liability
  • Group Insurance
  • Group Annuities

Marsh McLennan Agency Alliances

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Frequently Asked Questions

The world is becoming increasingly interconnected. Trade relationships that were once unthinkable are now part of everyday life. At first glance, this is good news for manufacturing companies. However, it can mean they are exposed to new risks, and having the right manufacturing insurance is more important than ever. By considering these exposures in advance, you can help protect your livelihood.

Cyber liability is certainly one of the significant concerns of our modern age. While general liability, product liability, and product recalls were always part of day-to-day manufacturing business, cyber threats go beyond protecting these core coverages. Hackers and data breaches can permanently damage your reputation and put operations at risk. Cyber liability insurance helps to protect you from the consequences of those incidents.

Manufacturers will still encounter an array of claims and risks that could affect their business. In most cases, combining coverages like commercial property insurance, workers’ compensation, general liability, and commercial auto insurance is best to complete a manufacturing insurance package. Depending on your location and climate, it’s also worth looking at flood insurance.

Your risk exposure depends on your risk management and the value of your special equipment. Our manufacturing specialists can discuss the most common risks within your industry and those specific to your operations.

As a rule of thumb, business owners’ policies (BOPs) aim to provide basic coverage for small to mid-sized businesses in low-risk industries. Manufacturing operations typically involve higher risks than retail or office-type operations. BOPs probably won’t provide coverage for most manufacturing businesses.

While most BOPs will include property insurance coverage, they often exclude risks and liabilities that every manufacturing organization needs to consider for their manufacturing insurance. For instance, flood insurance, cyber loss, or pollution are often not covered to the extent needed, or not covered at all.

Therefore, having a partner that provides manufacturing insurance coverage including commercial property, product liability, business interruption, and workers’ compensation is essential. Our risk management consultants can assess your specific needs for coverage and help tailor an insurance program to meet your needs.

We call them sales representatives for a reason—they represent your business. Doing so requires them to travel, interact with customers, and, most importantly, be the face of your company. If an employee misrepresents your offerings or argues with a client, you should protect your business with an E&O policy. It may prevent claims from affecting your core business.

And even if your representative does everything right, they can’t protect themselves from accidents any better than you can protect your equipment. While coverage proportions will differ from business to business, it’s best to consider commercial auto insurance and general liability coverage. This protects your workers and the people they encounter during day-to-day operations.

As a subset of professional liability insurance, manufacturers E&O typically covers cases of negligence or material defects and the damages and financial losses resulting from them.

This may include design defects or failure to meet customer specifications, claims related to product performance, inadequate labeling or instructions, or even legal defense costs to a certain degree.

The premiums and coverage options may vary depending on the type of product you’re manufacturing and the risk management you and your business partners have already implemented.

Meet a manufacturing specialist.