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Industry and manufacturing insurance
In an industrial company, the value lies in the facilities, the machinery and the ability to fulfil orders on time. A major loss puts all three at risk at once.
Activities we advise on
Oller Brokers has been an insurance broker since 1952. It advises industrial and manufacturing companies on the design, placement and review of their insurance programmes, with access to more than 70 insurers.
We advise medium-sized and large manufacturers on the design of their insurance programme. We review the full set of policies or a specific cover so that sums insured, deductibles and exclusions reflect the reality of the plant.
- Metal and machineryFoundry, machining, boilermaking, manufacture of machinery and capital goods, etc.
- Plastics, paper and packagingPlastics processing, paper mills, cardboard, packaging, etc.
- Textiles, furniture and printingSpinning, garment making, furniture manufacturing, printing works, etc.
Risks and cover
Choose a risk to see which insurance covers it in the programme of a company in the sector.
Risk
Fire and damage at the plant
Buildings, machinery and stock concentrated at a single site.
How it is covered
Risk
Production stoppage
Replacing a production line can take longer than rebuilding the factory building.
How it is covered
Risk
Machinery breakdown
Internal breakdown of critical equipment, which the property damage policy does not always cover.
How it is covered
Risk
General and product liability
Damage caused to customers by defective parts or products.
How it is covered
Risk
Pollution
Spills or emissions that give rise to environmental liability.
How it is covered
Risk
Customer non-payment
Credit sales to domestic and foreign customers.
How it is covered
Insurance they typically need
Every company is different. These are the policies that carry most weight in the programme of a company in the sector.
- All risks property damageBuildings, machinery and stock against any damage not excluded.
- Business interruptionYour margin and fixed costs while operations are halted by a loss.
- Machinery breakdownInternal breakdown of machinery and equipment not covered by the property damage policy.
- General and product liabilityDamage to third parties caused by the business activity or by its products.
- Environmental liabilityPrevention and remediation of environmental damage.
- Trade credit insuranceCustomer non-payment due to insolvency.
- Goods in transitDamage to or loss of goods during transport.
- D&OClaims against directors and officers for their management decisions.
- Cyber insuranceIncident response, business interruption and data-related claims.
- FleetsCompany vehicles, on fleet terms.
Two ways to get started
Full programme review
We analyse all your policies together: duplicated cover, gaps, sums insured, deductibles and exclusions. We then present alternatives from different insurers.
Review of a specific policy
A renewal with a premium increase, a contract requiring new cover or a poorly resolved claim. We examine that policy and look for better terms.
Large risk programmes
A medium-sized or large company does not need a stand-alone policy, but someone to design, place and defend a complete programme. That is what we have been doing since 1952. See more
- Risk analysisWe study the business's activities, facilities, contracts and claims history. Working with specialist firms, we also offer a risk management service.
- Properly valued sums insuredWe review insured values and business interruption so that a claim payment is not reduced due to underinsurance.
- Access to the whole marketMore than 70 Spanish and international insurers, underwriting agencies and Lloyd's through coverholders.
- Co-insurance and excess layersWhen a risk exceeds one insurer's capacity, we spread it through co-insurance and structure it in as many excess layers as needed.
- International programmesFor groups with subsidiaries outside Spain, we coordinate international programmes that comply with each country's regulations.
- In-house claims teamSupports the business from notification through to settlement and defends its position with the insurer.
Frequently asked questions
What is the difference between all risks and multi-risk?
All risks covers any physical damage that is not expressly excluded; multi-risk covers only the perils it lists. For industrial plants, all risks is usually preferable.
How is business interruption calculated?
Based on the company's margins and fixed costs and the time it would take to restore operations. An indemnity period that is too short is one of the most common mistakes.
Does the property damage policy cover a machine breakdown?
It does not normally cover internal breakdown of machinery. That is what machinery breakdown insurance is for.
Is environmental liability insurance compulsory?
For certain activities, the law requires a financial guarantee to be put in place. We check whether your activity is affected.
Other sectors
Can't see your sector? We work with businesses in every field.
Let's talk about your business
We review your insurance programme, or the policy you're concerned about, with no obligation.