Does my Insurance cover me to Manufacture?

Jan - 14
2019

Does my Insurance cover me to Manufacture?

Does my Insurance cover me to Manufacture?

XZY & Co were approached by their bank to offer them insurance for their business. After a brief discussion with an advisor at the bank they were provided with a quotation at an extremely reasonable rate.

XZY were happy to proceed with cover, the policy did seem cheap but the banks rates were very competitive.

Two months later XYZ contacted the bank to ask the to increase the sum insuted at premesis for contents as they were buying a new engraving machine and replacing their wide format printer with a newer model. The advisor at the bank sounded confused…….

It was subsequently discovered that the bank had provided them with an office policy which basically covered office contents at the premises and liabilities for clerical based administration work which included clients visiting the office. It did not cover manufacture neither did it cover them for sign install work.

 

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