Packaging

Machinery breakdown

Can pay repair costs and lost revenue when a packaging line suddenly fails mechanically or electrically.

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

Trade credit

Typically reimburses unpaid invoices if a packaging customer defaults, goes bankrupt or pays long after the due date.

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

Product recall

May pay to withdraw and replace faulty packaging, plus lost income and extra expense from the recall.

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

Product liability

Typically responds to claims against a producer when its packaging harms a user or damages other property.

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

Warehouse

Often combines coverage for a packaging warehouse’s building and stock with liability for injury or damage to others.

Can include buildings and stock, general liability claims and business interruption

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.