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Insurance Coverage Adequacy - what your broker should have covered.

This checklist covers the lines a manufacturer should carry: property, general liability, product liability, business interruption, equipment breakdown, and more. Work through it to find the gaps your broker may have missed.

Average uninsured loss for mid-market manufacturers: $250K-$2M. Most have a critical gap in at least one of: Business Interruption, Product Liability, or Cyber. This 18-item checklist surfaces yours.

18 essential coverage items for mid-market manufacturers. Average uninsured loss: $250K-$2M (The Hartford, 2022 claims data). Most manufacturers have a critical gap in at least one of: Business Interruption, Product Liability, or Cyber.

Item 1 - Critical
Property: building at REPLACEMENT cost
Item 2 - Critical
Property: equipment at replacement cost
Item 3 - Important
Property: inventory covered to peak value
Item 4 - Important
Property: equipment breakdown / mechanical failure endorsement
Item 5 - Critical
Business Interruption: lost revenue coverage
Item 6 - Important
Business Interruption: extra expense (temp facilities)
Item 7 - Important
Business Interruption: contingent BI (key supplier damage)
Item 8 - Critical
CGL: $1M+ per occurrence, $2M+ aggregate
Item 9 - Critical
CGL: Completed Operations coverage
Item 10 - Important
CGL: Contractual liability for customer indemnification
Item 11 - Critical
Product Liability: adequate for vertical risk profile
Item 12 - Critical
Product Recall coverage (most CGL excludes)
Item 13 - Critical
Workers Comp in place + correct class codes
Item 14 - Important
Return-to-work program reduces claim costs 30-50%
Item 15 - Critical
Cyber Liability: ransomware payment + recovery
Item 16 - Important
Cyber Liability: BI from cyber event covered
Item 17 - Important
Commercial Auto: hired + non-owned auto coverage
Item 18 - Critical
Umbrella: total = 1x annual revenue minimum

This checklist is educational and not insurance advice. Consult a licensed commercial insurance broker familiar with manufacturing.

When the policy was right 5 years ago but maybe not today

SimpleGrid surfaces the data your broker actually needs for the renewal.

Equipment replacement values, peak inventory, supplier concentration, cyber exposure - all live, all current. Reduces renewal surprises and supports the case for the limits you actually need.

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