New York & New Jersey

Industrial Insurance Expert

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US Industrial Insurance offers industry leading risk management and insurance solutions that result in positive financial impact for a wide range of manufacturing operations including plastics, metals, textiles, chemicals, electronics, energy products, food processing and heavy industrial equipment.

Industries

Types of Industrial Insurance

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Our Solutions

What Is Industrial Insurance?

Industrial insurance is considered the same as workers compensation in some areas. However, for many companies, industrial insurance is a broad set of coverage that protects both commercial operations and employees. For that reason, industrial insurance falls into two categories:

Workers Compensation

Covers work-related injuries, illnesses, and fatalities by providing ongoing compensation like replacement income, medical costs, and more to the victim or family. Laws vary by state, so make sure you talk with your independent insurance agent specifically about your location and specific needs.

Commercial Insurance

Provides the complete commercial coverage industrial corporations need. These corporations deal with risks specific to their industries and need customized business insurance plans to cover risks like flammable or toxic substances, and the risks involved in using heavy duty machinery, equipment, and large commercial trucks.

Workers Compensation Protects Both Sides

Workers compensation has several important features, and is designed to protect both your workers and you, the employer.

Here’s a few key facts you should know:

  • Workers compensation insurance covers work-related employee injuries, illnesses, and deaths.
  • Workers comp also pays a portion of your employee’s wages during recovery, or long-term if the worker is unable to return to work.
  • In exchange for these benefits, the employee is prohibited from suing the employer for their injuries.
  • The legal requirements and exclusions vary widely from state to state. Some states require you to have workers comp if you’re in business, even if you don’t have any employees. Some require any business with more than a certain number of full-time employees (usually three or four) to have workers comp in place.
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Industries Covered by Industrial Insurance

Industrial Insurance Customized to Your Industry

No matter what industry you work in, there’s a customized industrial insurance program to meet your specialized needs. Here are some of the industries covered:

  • General liability: Covers bodily injury and property damage claims by non-staff visitors and customers.
  • Property insurance: Covers damage to the building and grounds from a range of causes, including fire and severe weather.
  • Equipment breakdown insurance: Formerly called “boiler and machinery insurance,” this coverage protects your company from potential breakdown of electrical infrastructure and key pieces of business equipment that your company relies on for productivity. The type and amount of coverage needed depends upon your specific industry and equipment use.
  • Business interruption insurance: Covers loss of income due to any covered event that requires business downtime. This helps to replace lost revenue and keep the business functioning during repairs or rebuilding.
  • Product liability: Provides coverage for claims against your company due to injury or illness related to the use of your products.
  • Commercial vehicle insurance: You will need coverage for all vehicles you use on and off-site, including:
    • Company cars
    • Deliver vans
    • Tankers
    • Tractor trailers
    • Utility vehicles
    • Commercial trailers
    • Personal vehicles used on the job
 

Get best Industrial Insurance quote now!

When you are ready to get insurance for your  business, you can complete our easy online insurance application to get quotes.