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01732 252 898

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Clarke Williams Insurance Brokers
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Plastic and Rubber Manufacturers Insurance

Compare bespoke Plastic Manufacturers Insurance

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Specialist cover for Plastic Manufacturers

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Competitive direct debit available

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No hidden fees or cancellation charges

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Tailored policies to suit your business

Compare Plastic Manufacturer Insurance

As a plastics manufacturer, your insurance requirements can be more complex. That’s why at Clarke Williams Insurance Brokers we can arrange a policy to help meet the needs of your business, to ensure you have the cover you need. 

As a manufacturer, you are exposed to insurance risks every day, and each business brings with it its own set of special requirements. So it’s very important that you have the right manufacturing insurance policy in place to help protect your liabilities, your premises, contents and especially your employees if they use heavy, expensive, and potentially dangerous industrial equipment, or your premises store flammable materials or dangerous chemicals.

Whether you run large-scale commercial premises such as a factory or a small manufacturing unit, the insurance risks you are exposed to daily will be very different and will require a suitable policy to cover them. It’s therefore essential you have the right business insurance policy in place to help protect your liabilities, premises, staff, stock and contents.

Why use Clarke Williams for your Plastic Manufacturers Insurance?

Plastic Manufacturing is one of the fastest growing manufacturing industries in the UK and one of the largest sectors for employment in UK manufacturing. It is vital to ensure that manufacturers have the right insurance policy in place to protect their business and their employees. Below is a brief guide to insurance for the industry:

Todays Plastic Manufacturing industry can be divided into three basic sectors:
Secondary petrochemical production — processing primary petrochemicals (e.g. ethane) that have been extracted from crude oil and transforming them into secondary petrochemicals (e.g. ethylene).
Plastic fabricating and finishing — processing secondary petrochemicals (e.g., ethylene) into solid, synthetic resinous compounds (e.g., polyethylene), better known as “raw plastic”; and
Plastic moulding, forming, and extruding — the shaping of raw plastic (e.g., bulk polyethylene) into finished goods (e.g., plastic cups, home fittings, and vehicle parts). 

We specialise in providing bespoke insurance policies which truly cover all aspects of your business and pride ourselves on delivering competitive premiums, excellent service and expert advice for manufacturing businesses across the UK. Clarke Williams also provide a risk management service and ensure that we visit our manufacturing clients to assess the risk, fully understand their business and provide our insurance recommendations based on their exposures.

Call 01732 252 898 or email us today for a comprehensive insurance policy at a competitive price.

The best way for us to understand your business and get the best premium back from the market is for you to complete our proposal form.

If you have already completed a proposal form, please feel free to send a copy to info@clarkewilliams.co.uk

Alternatively if you renewal is not due yet, register with us now so that we can contact you nearer the time.

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What business insurance do plastics manufacturers need?

Every business is unique so we create a bespoke quotation tailored to your exact needs and are able to cover every aspect of your business. We can provide Plastic Manufacturing Insurance policies with a broad range of insurance covers to choose from including:

  • Business Interruption
  • Credit Insurance
  • Directors and Officers Liability Insurance
  • Employer’s, Public and Product liabilities
  • Engineering and Breakdown
  • Marine Cargo / Goods in Transit Insurance
  • Professional Indemnity Insurance
  • Environmental Liabilities
  • Cyber Liability
  • Surety Bonds
  • Insurance Backed Guarantees
  • Motor Fleet
  • Property, Machinery, Stock and Contents

What factors will affect Plastic Manufacturers Insurance costs?

There are a number of risk factors which insurers will need to review in order to offer a premium and we use our specialist knowledge of the Plastics industry to advise our clients on risk improvements in order to reduce their insurance costs whilst providing comprehensive cover.
Below are a few of the risk factors that are evaluated when calculating an insurance premium;
  • Premises: location, construction, exposure from surrounding premises
  • Stock: how is this stored, are hazardous materials present if so how are they stored,
  • Machinery: adequate breakdown cover, lead times if it needs to be replaced, are there any unattended processes
  • Protections: availability of fire brigade and other fire fighting resources, sprinkler and any other fire protection systems in place
  • Security: physical protections, intruder alarm protection and other security measures in place to reduce risk of break-in and theft such as CCTV, security bars, patrols
  • Business Interruption: assessment of the likely interruption to the business in the event that a material damage loss is sustained and review of disaster recovery plans
  • Liability Risks: Health and Safety arrangements and training, control processes for static electricity build ups and hydraulic pressure systems, quality assurance procedures
  • Exposure: Where are materials sourced from and where are they distributed to, are there adequate quality control processes in place, are the products safety critical

As specialists in the Plastic Industry we work with industry leading insurers who truly understand the difference methods of manufacturing including:

Injection Moulding

The principal method of forming thermoplastic materials. In injection moulding, plastic material is put into a hopper that feeds into a heating chamber. A plunger pushes the plastic through a long heating chamber, which changes the material from solid to liquid. At the end of the chamber is a nozzle that presses firmly against a mould. The liquid plastic is shot through the nozzle into the mould. As soon as the plastic cools to a solid state, the mould opens and the finished plastic is ejected from the press.

Blow Moulding

The method used when forming closed hollow articles out of thermoplastic materials. The process includes forming a molten tube of thermoplastic material, then with use of compressed airblowing up the tube to conform to the interior of a chilled blow mould.

Thermoforming

Thermoforming of plastic sheets consists of heating the thin sheet to a formable plastic state and then applying air and/or mechanical assists to shape it to the contours of a mould. This is often the method used to form the nest for objects sold in containers.

Transfer Moulding

Generally used for thermosetting plastics. Plastic is cured into an infusible state in a mould under heat and pressure. The plastic is heated to a point of plasticity before it reaches the mould and is forced into a closed mould by means of a hydraulically operated plunger

Reaction Injection Moulding

A fairly new process in the industry and therefore potentially requires further investigation by insurers before offering terms. Two liquid components, polyols and isocyanates, are mixed in a chamber at relatively low temperatures ( 25-60 degrees C) before being injected into a closed mould. An exothermic reaction occurs and consequently this method requires far less energy than other methods.

Compression Moulding

The most common method of forming thermosetting materials. Simply, the squeezing of a material into a desired shape by application of heat and pressure to the material in the mould.

Extrusion

In extrusion, dry plastic material is first loaded into a hopper, then fed into a long heating chamber through which it is moved by the action of a continuously revolving screw. At the end of the heating chamber the molten plastic is forced out through a small opening or die with the shape desired in the finished product. as the plastic extrusion comes from the die, it is fed onto a conveyor

Want to speak to one of our specialists?

Call us today for a comprehensive insurance policy at a competitive price.

Telephone: 01732 252898

or email us.

"It will never happen to me". Still not convinced? Have a look at the below claims examples for Plastic Manufacturers: We hope it will never happen, but here are some claims examples from the real world.

Manufacturer of moulded residential and commercial products

A fire broke out in the production/shipping area of the building during a reduced shift. The fire consumed the major production and product storage areas while causing extensive damage to the remainder of the facility that housed additional machinery and equipment, contents and unfinished stock.

The fire was caused by a light fixture, which fell, broke and ignited packing material and other flammable materials in the vicinity. The precise cause of the lamp fall was not clear, but it did not appear to be adequately secured.

Amount of Claim: £48,066,974

Breakdown:

Building:   £13,086,956

Stock:    £4,800,218

Machinery and Engineering: £8,215,982

Business Interruption: £12,020,392

Increased Costs of Working: £9,921,456

Outcome: The facility was completely shut down for six months. Outsourcing manufacture to minimize the loss of sales was important in controlling the total business interruption loss, but outsourcing costs did exceed original expectations and resulted in a large increased costs of working claim.

Manufacturer of Plastic Automotive components

There was a fire in the burner house that connects to the main oven used for drying painted parts. There was a separation in the panels of the oven that caused sparks to ignite the insulation. Insured was able to re-route the line during repairs and remain operational.

Amount of Claim: £445,678

Breakdown:

Building:  £89,463

Increased Costs of Working: 356,215

 

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Clarke Williams Ltd are authorised and regulated by the Financial Conduct Authority under reference 758683. The Financial Conduct Authority’s Register can be accessed through http://www.fca.org.uk/ . We are registered in England and Wales with Companies House under number 10317065. Our registered office address is 194 High Street, Tonbridge, Kent, TN9 1BE

Clarke Williams Ltd
194 High Street
Tonbridge
TN9 1BE

Tel: 01732 252 898

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