Steel & Metal Products

Boiler and machinery

Can pay for damage and lost production when a boiler or machine used in manufacturing suddenly breaks down.

Can include equipment malfunction, damage to property, business interruption and added expenses

Environmental liability

Typically covers remediation of soil or water contaminated by operations, and liability to third parties harmed by the pollution.

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

Product liability

Generally responds to claims that a steel or metal product failed, injuring someone or damaging property through a defect or inadequate instructions.

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

Cargo

May reimburse losses to metal products damaged, stolen or mishandled while moving by land, sea or air.

Can include transit loss or damage, all-risk or named-peril basis, cross-border shipments and delays and contaminated loads

Trade credit

Can help replace income lost when a buyer of metal products fails to pay, becomes insolvent or pays long past terms.

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

Product recall

Often funds the retrieval, storage and replacement of metal products withdrawn as defective or noncompliant, along with lost income.

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

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.