Manufacturers and Insurance NM

Manufacturers in New Mexico provide products for many different types of businesses all over the US and as such, must deal with issues big and small, from product recalls and equipment breakdown, to customer claims of injury or illness due to products sold to them by these giants of industry. As a manufacturer, you need to know you have purchased the NM Insurance coverage you’ll want and desire to help with all of the challenges you’ll routinely face as a producer of products or merchandise.

Business property insurance for the backbone of your company

One thing you’ll need at the outset is business property insurance coverage for your manufacturing company regardless of any other coverage you might have in place. Depending on the location of your enterprise, local weather conditions could wreak havoc on your operations. Whether it’s a windstorm, fire or other unexpected event, you’re going to need help to protect your building location, inventory, and valuable manufacturing equipment.

Business liability insurance for when things go wrong

Serious or life-threatening accidents can happen suddenly and unexpectedly and they can also be financially devastating for any manufacturing business. Having business liability insurance can help you protect your business in the event that a customer is injured due to a product or service you provided to them. Even an injury caused by the packaging will be covered under this policy.

Workers comp for your faithful employees

One of the key expenses for any business is covering employee-related medical costs as a result of a job-related incident. In most states, manufacturing companies are required by law to carry workers’ comp insurance. Without your employees, most of who are dedicated to ensuring that products are assembled and delivered on time, your business could suffer tremendously.

So you certainly wouldn’t want them to suffer unnecessarily due to an injury they experienced while at work? Your insurance can quickly deliver some much-needed benefits for work-related injuries and illnesses sustained by your employees.

Running a business takes a lot of hard work. From the start of the day, until the clock says it’s time to go home, you always hope that everything will run smoothly and efficiently. But this simply isn’t always the case, which is why your Insurance NM is designed for all of your issues and concerns, which makes them the logical solution.

Food Quality and Food Manufacturing Insurance

As someone who works in the food industries, you face a number of challenges. Besides the recent scandals over the contamination of produce, cheese and meat products across the US — just to name a few headline grabbers — food and beverage companies also face the tightening of an ever-evolving set of regulations, outlined in the 2011 Food Safety Modernization Act (FSMA). Add to this some costly operating margins, and any supplier quality issues, and these concerns can be overwhelming at times.

The quality of products in the food and beverage industry is intrinsically linked to health and safety issues. A product recall is not only costly to suppliers, but the negative press can also harm future business prospects. Furthermore, with the government’s changing requirements for record keeping, many executives in food manufacturing are being forced to revaluate their current technological capabilities for traceability and quality. You fully understand the importance of meeting food safety requirements and certainly wish to preserve your reputation for quality and avoid recalls or the risk of being shut down. While Food Manufacturing insurance cannot restore faith in companies involved in a food recall, it can help with any litigation issues that result from consumers affected by their products.

Some companies face shrinking operating margins

Additionally, the current global economy has forced companies to become more competitive than ever, which adds pressure to operating margins throughout the supply chain. To counteract this, several organizations are identifying areas for improvement, including the quality of products and processes. Genetic engineering technology does offer some potential benefits, but it also poses risks to human health and the environment that current regulations have not addressed effectively.

While food contamination and operating margins may top the list of concerns, you still have the responsibility of providing quality product to both wholesalers and consumers, and can protect the interests of your company effectively with Food Manufacturing insurance coverage.