Plastics Manufacturing Insurance

Property Insurance That Understands Manufacturing Facilities

Your manufacturing facility represents significant capital investment in buildings, specialized equipment, and raw materials. The plastics industry accounts for an estimated $432 billion in shipments and 1.4 million jobs, making facility protection essential. 

Property insurance covers physical damage to your premises, machinery, inventory, and finished goods from fires, storms, theft, and other covered perils. For plastics manufacturers, this coverage extends to injection molding machines, extruders, blow molding equipment, and specialized processing tools that keep your production running.

Business Interruption Insurance Protects Your Revenue Stream

When production stops, your bills don't. Unplanned downtime in manufacturing costs an estimated $50 billion annually in the U.S. alone, making business interruption insurance critical for plastics manufacturers. 

This coverage replaces lost income when covered events force temporary closures, paying for ongoing expenses like payroll, rent, and loan payments while your facility recovers. Whether dealing with equipment failures, fire damage, or supply chain disruptions, business interruption insurance keeps your business financially stable during restoration periods.

Equipment Breakdown Insurance Against Production Failures

Manufacturing relies on continuous equipment operation. Equipment breakdown insurance covers sudden mechanical or electrical failures that standard property policies exclude. 

This specialized coverage pays for machinery repairs or replacement, expedited shipping of critical parts, and income lost during downtime. For plastics manufacturers operating injection molders, extruders, chillers, and other sophisticated equipment, this protection prevents catastrophic financial losses from unexpected equipment failures.

Product Liability Insurance for Manufacturing Risks

Components used in highly regulated sectors such as automotive, food and beverage, and medical devices increase risk for plastics manufacturers. Product liability insurance protects your business when manufactured products cause injury or property damage to third parties. 

This coverage handles legal defense costs, settlements, and judgments arising from defective products, providing essential protection as your plastic components enter various supply chains and end-use applications.

Workers' Compensation Insurance for Employee Protection

The U.S. Bureau of Labor Statistics reports that plastics manufacturing has a higher-than-average injury rate compared to other sectors, making workers' compensation insurance both legally required and financially prudent. This coverage pays medical expenses, rehabilitation costs, and lost wages for employees injured on the job.

Comprehensive workers' compensation programs also include safety consultation services that help reduce workplace accidents and lower insurance premiums over time.

Environmental Liability Protection for Regulatory Compliance

Plastics manufacturing involves chemicals, resins, and processes that create environmental exposures. Environmental liability insurance covers cleanup costs, third-party claims, and regulatory fines related to pollution events. 

This protection is increasingly important as regulatory compliance requirements tighten and environmental standards evolve. Coverage extends to gradual pollution incidents often excluded from general liability policies, providing comprehensive protection for your operations.

Supply Chain Insurance Against Disruption Costs

Global supply chains face unprecedented challenges. Supply chain insurance protects against financial losses when suppliers fail to deliver critical raw materials, transportation delays disrupt production schedules, or key customers cancel orders. 

For plastics manufacturers dependent on specific resin grades, additives, or specialized components, this coverage maintains business continuity despite external supply chain disruptions beyond your control.

Cyber Insurance for Modern Manufacturing Operations

Manufacturing increasingly relies on connected systems, digital controls, and customer data management. Cyber insurance covers costs associated with data breaches, ransomware attacks, system restoration, and business interruption from cyber incidents. 

As plastics manufacturers adopt Industry 4.0 technologies and smart manufacturing practices, cyber liability insurance protects against evolving digital threats that could halt production or compromise sensitive business information.

Risk Assessment Services That Reduce Exposures

Effective risk management begins with understanding your specific vulnerabilities. The Allen Thomas Group provides comprehensive risk assessment services that identify potential exposures throughout your manufacturing operations. Our experienced team evaluates your processes, equipment, safety protocols, and insurance coverage to develop customized risk management strategies. These assessments help reduce insurance premiums while improving overall operational safety and compliance.

Why Choose The Allen Thomas Group for Plastics Manufacturing Insurance

With over 20 years serving manufacturers across the country, The Allen Thomas Group understands the unique challenges plastics manufacturers face daily. We work with multiple carriers to find optimal coverage at competitive rates, providing personalized service that large agencies cannot match. 

Our local expertise combined with national reach means you get dedicated attention with access to comprehensive insurance markets. We simplify the complex insurance process, saving you time and money while ensuring your business maintains proper protection.