In the worst case scenario?
A customer sues you, a fire breaks out, or a technical error paralyzes your business. This can not only be stressful, but also costly.
Work accidents & injuries
Due to working with heavy machinery and materials, injuries from falls, crushing, cuts, and burns often occur.
Damage to machinery & tools
Machine and tool failures or damage can lead to substantial costs.
Error in assembly or manufacturing
This can lead to property damage or accidents, for example if constructions are not properly assembled.
Don't worry - we have everything in sight for you.
Protection for your precision designs, mechanical projects, yourself, and your firm
The most important insurances for precision mechanics at a glance
Precision mechanics like us need a range of insurances to cover the diverse risks of our profession and ensure financial security. By taking out these insurances, precision mechanics can ensure that they and their business are comprehensively protected and financial risks are minimized. Here are the main insurances that precision mechanics should take out:
Business liability insurance
This insurance covers damages caused by professional activity to third parties, including personal injury, property damage, and resulting financial losses.
Professional liability insurance
Especially for precision engineers who also perform planning and advisory activities. It protects against claims for damages due to errors or omissions in professional activities.
Product liability insurance
This insurance is important when the manufactured products have defects and thereby cause damages to customers. It covers damages caused by faulty products.
Business interruption insurance
This insurance covers financial losses caused by an interruption of business operations, for example due to machinery damage or fire.
Additional important commercial insurances for precision mechanics
Content insurance
This insurance protects the inventory, including machinery, tools, and materials, from damage caused by fire, water, storm, burglary, and vandalism.
Machine insurance
This insurance covers damages to the machinery caused by operator errors, technical malfunctions, or external influences.
Legal expenses insurance
Legal expenses insurance helps with legal disputes, be it with customers, suppliers or employees. It covers lawyer fees, court costs, and other expenses.
Electronics insurance
This insurance covers damages to electronic devices and IT equipment necessary for work, such as computers, CNC machines, and control devices.
Transport insurance
This insurance protects against damage or loss during the transportation of materials, workpieces, or finished products.
Accident insurance
This insurance provides protection in case of work accidents and covers medical expenses as well as downtime. It can be important for both employees and the owner.