Insurance for plastic extrusion and polymer manufacturers

Plastic extrusion and polymer manufacturing can involve combustible raw materials, heated processes, electrical plant, continuous production lines and significant machinery values. We can assist manufacturers producing profiles, tubing, sheet, film, packaging components, moulding feedstock and other plastic or polymer products.

Why insurers may view these risks as higher hazard

Underwriters may focus on polymer types, resin and additive storage, process temperatures, heating equipment, extraction, electrical maintenance, fire separation, sprinkler protection, stock concentrations and the age and condition of extrusion lines. Regrind, scrap handling and housekeeping can also influence insurer appetite.

Machinery and business interruption

Extrusion lines and associated equipment can be specialist assets with long replacement lead times. Machinery breakdown and business interruption may therefore be significant considerations where production depends on a small number of critical lines, dies, chillers or control systems.

Public and products liability

Products liability exposure depends heavily on end use. Insurers may ask whether supplied products are structural, food-contact, medical, automotive, electrical, pressure-related or incorporated into larger finished products. Imported raw materials, product testing and quality controls should be clearly described.

Information insurers commonly request

Useful information includes annual turnover, polymer and resin types, end products and end uses, raw-material storage, process temperatures, machinery values, fire protection, building construction, electrical maintenance, extraction systems, maximum stock values, quality controls and claims history.

Policy scope and exclusions to review

Heat processes, polymers, additives, solvents and recycling activities can affect insurer appetite. Check pollution exclusions, defective-product costs, machinery wear exclusions and recall cover, as well as any relevant fire conditions.

Plastic extrusion and polymer manufacturers: insurance questions

Are extrusion machinery failures covered by property insurance?

Not automatically. Property and machinery breakdown sections can cover different causes. Resulting lost income may require interruption cover linked to the breakdown section. We check the scope for your extrusion lines and supporting equipment.

What information helps with a quotation?

Polymers and additives used; extrusion, compounding or other process details; recycled-material activities; machinery values and lead times; raw and finished stock; product end uses; maintenance records; exports; and losses.

Can Mercantile review cover after a claim or non-renewal?

We can assess the current operations, loss history, reason for non-renewal and available insurance markets. An alternative quotation or equivalent terms cannot be guaranteed. Include the current schedule, endorsements and claims details with your enquiry.

Request an insurance review or read about insurance after claims or non-renewal. Cover depends on insurer acceptance and the policy wording, schedule, endorsements, limits and excesses.

How Mercantile can assist

We can approach insurers familiar with higher-hazard manufacturing and present the specific processes and controls of the business. Depending on the operation, cover may include property, business interruption, machinery breakdown, public and products liability,transit and other specialist classes.

General insurance information only. Cover is subject to insurer acceptance, policy terms, conditions, exclusions, limits and deductibles.