We have a unique word for people who work with metal (parts manufacturers, mostly): Metalists. We offer comprehensive insurance coverage for businesses in the industry — though the auto business is pretty worldwide these days, Michigan and surrounding states are still known for making cars, among many other things. If your business needs to go further and have more protection in place for your metalist work, try our Metalist Plus coverage.
Here’s a look at some of what it includes:
Metalworking uses some big tools — stampers, saws, grinders — and the loss of even one of them is not only expensive, but it can also slow down production at your business. Metalist Plus covers up to $15,000 for a single loss of a tool.
If your finished product is unusable because of a covered event like a fire or damage to your building, we’ll pay you the value of the products you lost, as if nothing had happened. Any discounts or credits that would have applied to the products before the loss still apply. The idea here is that you’re working enough to recover from the loss you’ve suffered; you shouldn’t have to rebuild your inventory and have nothing to show for it until you’re back to where you started from.
Your Metalist Plus coverage limits increase during the peak season for your business. The wording in our policy reads: “Covered Business Personal Property will be increased by 25% to cover temporary seasonal increases in property values.”
Metalist Plus is for manufacturers who need that extra level of coverage. Businesses will always need machine parts, tools, and more. There’s a good chance your metal parts-making business will have plenty of work this year and for years to come. You can only be more successful with Hastings Mutual Metalist Plus coverage.
Are you a metal manufacturer or know someone who is? Let me know in the comments.
The Mutual Understanding blog and Hastings Mutual videos are made available for educational purposes only. The information referred to is not an official company statement, corporate policy, or offer of coverage. Refer to your insurance policy for specific coverage. There is no representation as to the accuracy or completeness of any information found by following any link on this site. Please contact your local independent insurance agent with further questions and for more details on any insurance policy-related information you read here.
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