Direct answer
Yes, it is often necessary because manufacturing facilities face high-consequence industry-specific risks, such as supply chain interruption or equipment breakdown, that generic business insurance may not cover. Whether you need it depends on the complexity of your supply chain and the specialization of your manufacturing equipment.
Commercial property and casualty underwriting standards for industrial manufacturing. For additional information about commercial property and casualty coverage standards, see the Insurance Information Institute‘s industry resources.
What this means for you
Yes, it is often necessary because manufacturing facilities face high-consequence industry-specific risks, such as supply chain interruption or equipment breakdown, that generic business insurance may not cover. Whether you need it depends on the complexity of your supply chain and the specialization of your manufacturing equipment.
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