Metal Workers / Machine Shops
The Metalworkers Package Policy
As an owner of an industrial or manufacturing
business, you have unique insurance needs.
Selection of the appropriate insurance plan is
essential. You can count on The W.E. Davis
Insurance Agency to protect your business with a
superior insurance plan. We offer many different
insurance programs for Metalworkers and include
specifics about one of our fine carrier’s
Metalworkers Package Policy. Many of our
carriers have specific programs just for Machine
Shops.
A policy forged to protect
you.
The W.E. Davis Insurance Agency’s
Metalworkers Package Policy is a program that is
customized with distinctive coverage
enhancements for businesses engaged in
metalworking. Only the best metalworking shops
qualify to receive these expanded coverage as
well as special preferred rates just for
metalworkers.
Six built-in coverages.
The Metalworkers Package Policy automatically
adds or increases six coverages at no additional
cost, providing protection above and beyond most
package policies.
- Finished stock is valued at the selling
price, an advantage not automatically
included in most policies.
- Stock is automatically valued at
replacement cost (no deduction for
depreciation) when business personal
property is insured at replacement cost.
- Marring or scratching of personal
property, including dies, molds or forms, is
covered up to $10,000, another advantage not
included in most package policies.
- The $2,500 theft limitation for
patterns, mold, dies and forms is
eliminated.
- Coverage applies to personal property
even while airborne or waterborne.
We will reimburse you for your expenses due
to covered loss to recharge automatic or
portable fire extinguishers. The $10,000 policy
limitation has been removed.
Optional extra strength.
And because you'll want to reinforce your
policy, you can purchase a convenient group of
coverages packaged into one affordable option.
It strengthens your policy by adding higher
limits and coverages not available from other
insurers or from standard commercial package
policies :
- Theft of personal effects or employees'
tools used in your business - $10,000 limit
added.
- Theft of precious alloys and metals -
limit increased to $25,000.
- Resultant loss to parts - $25,000 limit
added. This pays for the reduction in value
of undamaged stock due to loss or damage to
other stock in the manufacturing process.
- Personal property at temporary
locations, in transit or at fairs or
exhibitions - limits increased to $25,000.
- Underground property - $10,000 limit
added. Our Metalworkers Package Policy is
one of the few in the industry to provide
coverage for foundations of buildings,
machinery, boilers and for underground
pipes, flues and drains.
- Contract penalty expense - $10,000 limit
added. You're financially protected when
required to pay a contract penalty for
untimely delivery of products caused by a
covered loss.
- Direct physical damage to covered
property caused by artificially generated
electric current - $10,000 limit added.
- Theft, disappearance or destruction of
money and securities, on or off premises -
$2,500 limit added.
Know your options.
You can choose from a wide variety of
optional coverages as you work with our agency
to custom fit your insurance program to your
specific needs. Umbrella policies cover
unforeseen catastrophic liability losses. A
Commercial Umbrella supplements your basic
policies with higher liability limits and
expanded coverage. It makes good business sense
to have an umbrella policy given today's high
legal verdicts and awards.
Boiler & Machinery coverage protects you
against losses caused by explosion and
accidental mechanical breakdown of equipment
like pressure vessels, boiler and air
conditioning units,
Building Laws Safeguard covers increased cost
of construction after a loss due to enforcement
of local ordinances, zoning laws or even federal
laws like the Americans with Disabilities Act.
You get three coverages in one affordable
endorsement, with up to $250,000 to pay for
increased construction cost, loss to undamaged
property and demolition cost. The Commercial
Property Coverage Extension Option conveniently
packages nine coverage amount increases or
additional property coverages.*
Lock in coverage with
stable rates.*
We have carriers that prefer to do what many
companies refuse to do - offer multi-year (and
in some cases five-year) rate guarantees on most
coverage except automobile, which is reviewed
annually.
*Available in most states.
This is not a policy. For a complete
statement of coverages and exclusions, please
see the policy contract.
Please call our office at
614-443-0533 or
email us and we will be happy to
prepare a quote for your metalworking business
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