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Manufacturing Insurance

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Comprehensive insurance account management
General business packages & customisable insurance solutions

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Specialist Insurance Brokers for manufacturers that require a customised insurance program.

Manufacturing

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manufacturing

Why Manufacturers Need to Partner with an Insurance Specialist

Finding a manufacturing insurance specialist is crucial for several reasons. Firstly, they possess a deep understanding of the unique risks inherent in the manufacturing industry.

From equipment breakdowns to supply chain disruptions, they can tailor insurance solutions to address these specific challenges.

Secondly, a manufacturing insurance specialist can help ensure that your coverage is comprehensive and tailored to your needs. They can assess your operations, identify potential gaps in coverage, and recommend appropriate policies to mitigate risks effectively.

Additionally, these specialists often have access to a network of insurers and can negotiate competitive rates on your behalf. This can result in cost savings for your business while still maintaining adequate coverage.

Moreover, in the event of a claim, a manufacturing insurance specialist can provide invaluable support and guidance throughout the claims process. They understand the complexities involved and can advocate for your interests to ensure a fair and timely resolution.

Overall, partnering with a manufacturing insurance specialist provides peace of mind, knowing that your business is adequately protected against the unique risks it faces.

manufacturing insurance

What Manufacturing Insurance Coverages Are Available?

We consider each client’s operations, activities, size and contractual requirements to arrange specialised coverage that make sense.

See below for a brief snapshot of the coverages available to mining contractors and mining subcontractors:

Professional Indemnity

This cover protects against claims that are caused by your professional advice which may give rise to a financial loss.

Public Liability

This cover protects against claims made for property damage and personal injury to third parties caused by your negligent acts.

Product Liability

This cover protects against claims that are caused by your products (production, supply, or sale) if they cause property damage or personal injury to a third party.

Building & Property Insurance

Covers the repair or replacement of assets that are lost or accidentally damaged. We can tailor your policy to include cover for data loss, R&D property and stock.

Directors & Officers/Management Liability

This cover is designed to protect the directors, officers, managers and employees against legal action from shareholders, employees, regulators, creditors, competitors, liquidators and others.

Cyber Insurance

Cyber insurance can be customised to offer cover for cyber event response costs, business interruption, digital asset replacement, breach costs, cyber extortion/threat, e-theft and third-party liability from a privacy or cyber breach.

Corporate Travel

Annual combined Business & Leisure coverage while travelling around Australia or Overseas – includes coverage for medical expenses and baggage/contents.

Workers’ Compensation

This coverage is mandatory where you have hired employees, but could be beneficial for operations with Sub-Contractors and/or Working Directors.

Personal Accident & Sickness

Assists in the financial loss resulting from permanent disability or death caused by accidental injury, or temporary disablement due to an accident, injury or sickness.

Kidnap & Ransom

Protection and assistance in the case of kidnap, ransom, extortion, and detention, while operating both overseas and locally.

Motor Vehicle/Plant Insurance

Motor vehicle and plant insurance typically cover damages or losses related to vehicles and equipment used for business purpose.

Marine/Transit

This cover provides coverage for goods in transit from either suppliers or client or internally between factories.

Product Recall

Product recall can take place at any stage of the product life cycle and may require recall/withdrawal/replacement at retail or consumer level. This could cover costs such as:

Recall related costs
Business interruption related to loss of sales
Effects to the businesses reputation

Machinery Breakdown

This is a key cover for manufacturers. This will cover you in case of a mechanical breakdown of any machinery of the following:

Cost of replacing the machinery

Loss of revenue due to the mechanical failure of a machine

Business Interruption

Covers lost revenue if your business cannot operate due to an insured event like fire or theft. In some cases, you can claim extra costs associated with continuing to operate instead.

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Our team is ready to help you understand your risks and find the right coverage to ensure your business is fully protected.

Don’t leave your business vulnerable to risks—Contact the team at KBI Insurance to discuss your manufacturing insurance needs and get a customised quote today.

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Our Offering

Risk-Based Insurance Program Design

Identify & quantify corporate & operational risk profiles
Measure risk tolerance
Assess risk appetite
Financially tests insurance options (cost vs benefit analysis)

Program Placement

KBI leverages both local and global markets to gain competition by using detailed underwriting submissions to achieve best outcomes.
KBI undertake contract review services to understand fair apportionment of risk allocation to third parties to better protect the insurance placement.
KBI has the access and flexibility to engage third party specialists who are suited to clients individual needs.
Policies are underwritten using manuscript manufacturing policy wordings.

Streamlined Client Service

Specialised team who are reputable with a consistent approach
KBI is employee owned providing quality team with a genuine “care factor”
Pro-active brokers who are hands on
Keep abreast of industry news and regular contact to ensure client’s insurance strategy remains suitable.

Claims Management/Advisory

Dedicated team (including the placement broker)
Simplified claims process
Agreed loss adjusters / solicitors at time of placement not at claim time.
Policies include claims preparation costs, advancement of defence cost to aid clients during time of need.

our experience, your peace of mind

What Types of Manufacturers Do We Help Arrange Manufacturing Insurance For?

We understand that the manufacturing space is a diverse and complicated industry.

Whether your business involves manufacturing, fabrication, design, wholesale, distribution, sales, hire, parts and consumables, maintenance or servicing, or you operate a factory, workshop or production facility, we work with you to ensure you have the right cover for your operations and risks.

To support this, we arrange insurance solutions tailored to the diverse types of manufacturers and related businesses across Australia, including:

Plastic Products Manufacturers

Food and Beverage Manufacturers

Machinery and Equipment Manufacturing

HVAC Equipment Manufacturing

Sign and Safety Equipment Manufacturers

Medical Technology and Assistive Technology Manufacturing

Metal and metal products manufacturing (Fabrication & Design)

Renewable Energy Equipment Manufacturers

Chemical Manufacturers

Automotive Manufacturing

Rolling Stock Manufacturers

Industrial Equipment Manufacturing

Electrical Power Systems & Compressed Air Systems

added value

Key Areas of Value-Add Services

We’re specialists in manufacturing insurance.

Our experience and understanding of the industry allows us to provide added value to our partnership to help ensure your risks are always managed.

Discover the specialised services we offer:

Risk Profiling

Negotiations & Brokering

Coverage Analysis

Limit Analysis

Insurance Audits

Contractual Reviews (Insurance Requirements)

Country Crisis Reports

Claims Assistance & Management Assistance & Management

International Insurance Program Placement & Management

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Talk to a Broker

Give us a call, send us an email, or chat with us now.

Our Manufacturing Insurance Experience

Your trusted partner in securing your business’ manufacturing safety.

Global Risk Management for $6.3B Rolling Stock Manufacturer Across 40 Countries

Insurance and risk manager of one of the world’s largest rolling stock manufacturers with factories across 40 countries ($6.3 Billion Revenue). Exposures include, Shipping rolling stock across the world, construction of rolling stock, factories and infrastructure.

Strategic Insurance Overhaul Saves ASX-Listed Tech Manufacturer $300K

In a strategic review for another specialty ASX-listed technology manufacturer, our program leader executed a comprehensive overhaul of the insurance program, which culminated in a significant cost-saving achievement. By adopting a risk-managed approach that ensured the appropriateness and adequacy of coverages, the company realised savings of over $300,000 in premium costs. This initiative not only optimised the insurance expenditures but also reinforced the company’s resilience against potential risks, demonstrating a deep understanding of the unique insurance needs within the technology sector

meet the team

Our Manufacturing Insurance Team

Get to know the talented individuals behind KBI.

Pablo Narvaez

Account Director

Lachlan Stretton

Director

Gilbert Chionh

Account Manager

Hannah Brownlees

Claims Manager

CLIENT TESTIMONIALS

What Our Clients Say

CLIENT TESTIMONIALS

What Our Clients Say

We have been working with Travis, Nick and the team at KBI for a number of years

and have always been impressed with the quality of their service, their understanding of the market, and value they can offer our clients.

Dan Smith

Minerva Corporate

Came to the rescue when i was left in the lurch

by a previous insurance broker. Great level of service. Highly recommended.

Mitchell Walmsley, Director & Co-Owner

Affluence Chartered Accountants

Great team who care

about getting the best results for their clients.

Steve Jackson, Company Secretary

Anova Metals Limited

Professional, helpful and efficient.

KBI have provided our company with all our insurance needs for the past few years. During that time they have been exemplary in their approach. Highly recommended.

Storm Taylor, Office Manager

Discovery Capital Partners

The KBI Directors’ & Officers’ team are my go to insurance brokers for publicly traded companies that I am involved with. They are one of the few brokerages that passionately understand the junior public company space.

The explanation and comparison they provide makes it easy for our key executives to make an informed decision. I regularly recommend their services to other public companies in need of Directors’ & Officers’ insurance and other operational insurances.

Eddie King, Director

King Corporate

Having dealt with Nick and Travis for insurance needs for both small and medium-sized businesses it’s safe to say they know what they are doing and genuinely have their clients’ best interests at heart.

No matter how small an enquiry, Nick is always at the ready and has a solution back to you in no time. I’ve recommended them to others and have had the same feedback given to me in regards to their professionalism, availability to answer questions and the solutions they’ve provided.

Emma Kenton, Small Business Owner

Great Minds Group

Travis and this team have done a great job providing effective and supportive advice to our company over several years now.

Travis understands the value of service very well and we really appreciate it.

Anthony Kain, Executive Director

Peppermint Innovation Limited

Since being introduced to KBI, I have found their professionalism to be second to none in the industry.

I strongly recommend KBI as the insurance broker of choice regarding Commercial Property Insurance. They know the Commercial sector inside out and operate on a different level to any other broker I’ve worked with. When it comes to service, they always go above and beyond and ensure my clients are provided with the best available insurance options every year – 10/10.

Toby Bridges, Director

Lever Property Group

I’ve been working with the KBI team for four years and their service has been excellent.

They take the time to answer all my questions and give me great guidance when renewing my policies and making a claim. I would strongly recommend KBI.

Ryan Budge, Property Owner

Commercial Property

Reflecting on the past year, we extend our thanks for the unwavering support and exceptional services provided by KBI.

This year has presented its challenges, and having KBI by our side has made a significant difference. Your team’s dedication, support, and guidance have been invaluable, and we are truly grateful.

Genevieve Loving, Administration & Office Manager

ABBA Engineering

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Manufacturing

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