Industrial Materials & Machinery

Environmental liability

Can cover investigation and cleanup of a pollution release from a plant, and the third-party claims that result.

Can include pollution releases, remediation and cleanup, claims by third parties and defense of claims

Stock throughput

Is designed to follow goods from raw material purchase through manufacture, storage and delivery under one policy, reducing coverage gaps between stages.

Can include transit over land, sea or air transit, warehousing and storage and business interruption

Machinery breakdown

May pay to repair or replace production machinery that fails mechanically or electrically, and can reimburse income lost during downtime.

Can include mechanical faults, electrical faults, replacement or repair and lost earnings

Trade credit

Can help make up the shortfall when a customer of industrial goods becomes insolvent or pays far later than agreed.

Can include unpaid customer invoices, buyer insolvency, prolonged default and political events

Product recall

Typically funds the retrieval and replacement of defective materials or equipment, along with income lost while the recall disrupts operations.

Can include cost of recall, business interruption, cost of replacements and crisis response

Product liability

Generally responds to claims that a defective material or machine caused injury or damage, including through a faulty component in another company’s product.

Can include injury to people, damage to property and product defects

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.