Machine shop insurance?

Hi Guys,

Been with AmFam for 11 years for insurance and just got dropped. Never had a claim, Just had machinery covered, no liability. Agent told me they were getting rid of commercial business risk...

Need a decent insurance company that will cover $600K worth of CNC and related machinery. No building, no liability. no flood (Phoenix AZ)

Thanks!

Chris

I use Federated, so far so good but no claims...

Insurance is a huge PITA. Not sure how your cancellation will affect writing a new policy, or if they will be interested in issuing the kind of coverage you are looking for. Seems like CGL is the starting point...

I recently got Federated as well. I have my machinery, shop contents, liability for the building (rented shop), an umbrella policy, and 1.5 million liability for on site at a customer's facility. They will soon be handling my pickup truck as well, so I can legit use it for work. Plus the premium is a few bucks less than Farmer's. Price is reasonable for my size and what's insured. So far so good. Insurance is definitely a pain, but I've seen a few shops burn, and all of a sudden the premiums seem very reasonable.

A friend of mine also has Federated and had a 1.5 million claim when his shop burned to the ground, 12 CNCs, manual machines, inventory, wages, the building, shop contents and a bunch more was covered, no problems. His experience is why I decided to go with Federated.

I'll definately check into Federated, Thanks!

Chris

I am in Florence AZ I use farm bureau

I use Duane riddle for full line commercial insurance. Auto, building, liability, worker comp.

50BMG DUDE said:

Hi Guys,

Been with AmFam for 11 years for insurance and just got dropped. Never had a claim, Just had machinery covered, no liability. Agent told me they were getting rid of commercial business risk...

Need a decent insurance company that will cover $600K worth of CNC and related machinery. No building, no liability. no flood (Phoenix AZ)

Thanks!

Chris

Click to expand...

Sentry insurance. One of there specialties is insuring manufacturers. My agent actually knew what a CNC was. Nice bonus.