How We Help Protect A Top 10 Manufacturing Industry

Mar 17, 2021, 2:49 PM

Though they’re not household names, foundries are key businesses throughout the U.S., and especially here in Hastings Mutual’s six-state coverage area. The most foundries in the country are in Ohio, with Michigan, Wisconsin, Illinois, and Indiana in the top 10 and Iowa close behind at 14. Foundries make (or “cast”) metal into useful products from nails and screws to housing and vehicles. They’re a kind of business that supports so much in our part of the country, and we want to support them.

Our coverage for foundries features basic and contractual liability, when there’s an issue with a foundry’s customer or a vendor providing something to the foundry. There’s also coverage for buildings and personal property at replacement cost.

Like many of our commercial (also called business) insurance policies, you can partner it with related coverages like cyber liability and commercial automotive, for the fleet of vehicles a business uses every day.

 

Making foundries energy-efficient

Foundries make hundreds of objects you see every day — and maybe take for granted. Think about pipes, machine parts, furniture like park benches, and manhole covers. The business calls for high heat and precision parts, and even with those exacting standards there are ways to be more energy-efficient and safer for employees. An industry research group recommends a few simple ways to save energy:

• Upgrade equipment like motor drive belts and high-efficiency lighting
• Turn lighting and all equipment off when it’s not in use
• Review some essential procedures like molding, melting, and using compressed air to make sure the procedures don’t take extra steps or produce unnecessary waste. 

Questions? Let us know in the comments. 

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