FOR INTERMEDIARIES ONLY
Metalworking and Precision Engineering
FOR INTERMEDIARIES ONLY
The metalworking and precision engineering sector is an integral part of the manufacturing chain for all kinds of products, from front door keys to the most advanced medical devices.
Metalworking and Precision Engineering is a sub-proposition of General Manufacturing, addressing the unique needs of businesses within this sector and offering additional covers and risk management services for clients with premiums between £5,000 - £100,000.
Automatic
cover extensions
Trade specific cover extensions are applied by endorsement at no extra cost.
Local
underwriters
Experienced local underwriters.
Dedicated claims
handlers
Claims helpline – available 24 hours a day, 7 days a week.
Cover highlights
Cover Enhancements
The following cover extensions will be automatically included free of charge if the relevant section is operative:
The following cover extensions will be automatically included free of charge if the relevant section is operative:
Material Damage
- Exhibitions cover – £50,000 limit within the UK, £25,000 limit within the EU (FEA)
- Moulds, tools and dies – £100,000 limit within the EU (FEA)
- Faulty or defective workmanship – £25,000 limit in excess of the first £10,000
- Operational errors and omissions – £25,000 limit in excess of the first £10,000
- 25% seasonal increase in stock sum insured – not limited to a specific period
- Replacement of damaged machinery and plant with green friendly models.
- Non-ferrous Metals – cover up to 125% of the declared value
- Metal Workers Extension (optional):
- Cover for damage to contents and stock at metal worker’s or customer’s premises – £250,000 limit within the UK and £100,000 limit within the EU.
- Molten Material Breakout (optional):
- Covers sudden or unforeseen damage as a result of escape of molten material – £50,000 limit.
- Engineering Extension*:
- Sudden and unforeseen damage cover for all plant and machinery (excluding production and process equipment) – limit of liability £500,000
- Cover for own surrounding property in the event of explosion of steam/pressure plant (excluding production and process steam/pressure plant) – limit of liability £2,000,000
- Business interruption cover following sudden and unforeseen damage (excluding explosion) to plant and machinery (excluding production and process equipment) – limit of liability £50,000
- Breakdown of computer equipment, excluding computer equipment used to control any manufacturing process – limit of liability £100,000.
Business Travel
- Medical expenses and associated covers for up to 30 trips – £1,000,000 limit
Business Interruption
- Unnamed customers/suppliers – £250,000 limit within the UK and £100,000 within the EU (FEA)
- Exhibition sites – £50,000 limit within the UK, £25,000 limit within the EU (FEA)
- Property stored and property in transit – £250,000 limit within the UK, £100,000 limit within the EU (FEA)
- Moulds, tools and dies – £50,000 limit within the UK, £25,000 within the EU (FEA)
- Faulty or defective workmanship – £25,000 limit in excess of the first £10,000
- Operational errors and omissions – £25,000 limit in excess of the first £10,000
- Research and development costs – £250,000 limit
- Fines and damages - £25,000 limit
- Accidental failure of supply – £100,000 limit.
Goods in Transit
- Protection for own goods in own vehicles – £5,000 limit per vehicle
- Territorial limits - for own goods in transit extended to the EU.
- Goods in Transit Extension:
- Protection for own portable hand tools in own vehicles – £5,000 limit per vehicle.
Employer’s Liability
- Personal accident cover – benefits of up to £10,000 paid for an accidental bodily injury incurred at work resulting in death or disablement.
Public Liability and Products Liability
- Liability for the spread of Legionella bacteria – up to £1,000,000 limit of indemnity
- Statutory pollution clean-up costs – £1,000,000 limit
- Products financial loss – £100,000 limit
- First party product recall expenses – £100,000 limit (selected trades).
Risk appetite
Preferred Trades
The following sub-sectors are examples of where we perform well:
- Structural metalwork, fencing, gates, doors, windows and shutters
- Tanks, radiators and boilers
- Trailers and caravans
- Construction and earth moving equipment
- Display and point of sale equipment.
Why choose Allianz?
Dedicated claims handlers
Efficient and experienced claims service and access to our claims helpline available 24 hours a day, 7 days a week.
Experienced local underwriters
Experienced local underwriters.
Risk Management
FREE guidance via our Allianz risk management website, featuring:
- Sector-specific risk management advice
- Business impact assessment tool
- Specially negotiated rates from our preferred suppliers providing access to risk management products and services, such as:
- Praxis 42 – health and safety advice
- SESS – racking and shelving safety inspection services
- Glen Abbot – supply chain risk assessments
- Hilti – passive fire protection
- SWS UK – physical security solutions
Risk management expertise
Designed to help manage the risk to your client's business and relevant legislation.
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This promotional material is intended for insurance broker use only and no-one else should rely upon it.
It must not be made available to anyone other than the intended recipient, either in its original form or any reproduction.
It must not be made available to anyone other than the intended recipient, either in its original form or any reproduction.