Defending Australia’s Crucial Production Facilities

Factory Business Insurance

Your business is a crucial component in Australia’s vast supply network — our comprehensive factory insurance ensures that even in the face of uncertainty and adversity, your enterprise continues to thrive.

Whether you manufacture, pack, pick, assemble, break, or consolidate — your business is exposed daily to a multitude of general and specific risks. Supplier failures, natural disasters, operation downtime, and staff or client injury — threats that could decimate your bottom line, ruin your reputation, or close your business forever.

PIB is Sydney’s established expert in factory cover insurance — working relentlessly to safeguard the nation’s production facilities. Providing specific protection that addresses the inherent risks faced by your enterprise — we ensure your operation is reassuringly protected for the long term.

Why You Need Factory Policy Insurance

Your factory is unique. Should you manufacture products, pack third-party items, or assemble OEM components — your particular supply chain, workforce, logistics, and operational procedures make your factory unlike any other.

These individual circumstances present their own threats — whether your business is a small factory that’s family-operated and owned, or a substantial multi-site global enterprise.

And, with most factories heavily reliant upon smooth, sequential procedures — a single risk event can break down the whole production chain, with costly consequences.

Machinery breakdown, theft of crucial equipment, product recall, and flood or fire — just some scenarios that could cause you expensive losses, bottom-line damaging repair costs, and extortionate compensation and legal fees.

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factory building

The factory sector is expansive and varied — an off-the-shelf policy that addresses every factory’s specific areas of risk would be almost impossible, and prohibitively expensive.

That’s why PIB creates bespoke cover that targets your operation’s areas of threat — ensuring you pay only for the protections you need.

Tailored to your enterprise’s risks, our factory insurance defends your business — safeguarding your revenues, guarding against devastating claims, and ensuring your facility promptly returns to full production.

What Facilities Types Does Insurance for Factory Cover Protect?

Whether you run, own, or operate a factory for your business — wholly or in part — we can provide you with cover.

Your market category, facility size, or production methods aren’t a barrier. It’s our aim to protect Australia’s proud factory sector with tailored safeguarding — whatever each individual business’s requirements.

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Manufacturing factory insurance — from cars to food, textiles to electronics.

✔ Processing factory insurance — bakers, meat preparation, prepackers, and beverage creation.

✔ Raw material fabrication insurance — welders, galvanisers, smelters, mills, and foundries.

✔ Packaging factory insurance — plastic, cardboard, metal, pallets, and overwrapping.

✔ Chemical and medical factory insurance — particularly hazardous products.

✔ Textile factory insurance — clothes, linen, bedding, carpet, and fabric.

✔ Wood factory insurance — sawmills, fellers, furniture assembly, and finishers.

✔ Electronic factory insurance — PCBs, solder and desolder, and product testing.

✔ Renewable energy factory insurance — solar panels, heat pumps, cells, and turbines.

✔ Consolidation and picking factory insurance — retail stock warehouses, and mixed palletising.

What Cover Is Included in a Factory Insurance Policy?

At PIB, we’re unwavering in our mission to create robust factory insurance policies that target the unique requirements and needs of your business facility.

Our most popular insurance cover typically includes:

Factory Public and Product Liability Insurance

Despite your stringent health and safety policy and quality assurance procedures — mishaps can still occur. 

A visiting client or supplier might fall over while at your premises, causing them a serious injury. Compensation claims can be costly for your operation — even threatening its existence if the accident results in their demise. 

Our public liability insurance defends your business, if a third party suffers injury, loss, or death as a result of your alleged actions.

Similarly, if a customer, user, or consumer claims that they directly experienced injury or loss because of your products — you may again face expensive compensation or legal action. This may still apply if you only handled, repaired, or assembled the items — you don’t have to be the manufacturer.

PIB’s product liability insurance meets the legal costs and compensation arising from such a claim.

Product Recall Insurance for Factories

If your factory assembles, manufactures, or upgrades items — and they are subsequently believed to be contaminated, dangerous, or glitchy — you may need to make a product recall. This can be an expensive and reputation-threatening circumstance.

Included within some product liability insurance policies, product recall insurance addresses the costs associated with the initial recall — such as logistics and advertising.

Factory Business Interruption Insurance

An unexpected event such as machinery theft, a hazardous chemical leak, or restricted facility access due to roadworks could impede your factory’s ability to trade — or even operate at all.

PIB’s business interruption insurance defends your enterprise from falls in revenue — providing funds that enable you to cover day-to-day expenses such as mortgages, utilities, wages, relocations, and loans. 

For many factories, this can mean the difference between successful trade continuance or permanent closure.

Factory Building Insurance

Whether you own a factory and use it for your own business needs, or rent it out as a rental investment — you need targeted commercial property insurance. This cover defends your bricks and mortar — and its contents — against claims and losses experienced through damage or loss. 

While factory building insurance can be tailored to focus on your operation’s specific risks — usually, it includes safeguards against vandalism, natural events, leaks, and accidental damage.

Factory Management Liability Insurance

If you’re a business owner or manager, you strive to ensure your factory is run professionally and within the required strict statutory guidelines.

However, the plethora of regulations and responsibility of juggling a multitude of balls can lead to inadvertent mistakes. These errors can prove costly for your business, and even threaten your livelihood or career.

Management liability insurance targets the claims, fines, and legal fees encountered through alleged mismanagement by directors and officers, including:

  • Statutory breaches of duty
  • Defamation
  • Occupational health and safety (OH&S) issues
  • Slander
  • Discrimination
  • Unfair dismissals
  • Libel
  • Errors and omissions
  • Sexual harassment

Furthermore, you may also require professional indemnity insurance — which provides protection against third parties that claim they suffered loss or damage through your advice or services — usually of interest to professionals, such as lawyers and accountants.

However, if your factory designs products — or offers advice for a fee — it can be a valuable additional cover.

Business Equipment for Factories Insurance

Modern factories need serious tech — from laptops and smartphones to projectors and diagnostic machines. But, if this crucial equipment breaks down or is vandalised, damaged, or stolen — your operation could experience costly downtime and disruption. 

Our factory-focused business equipment insurance covers the cost of replacement, hire, and/or repair of vital technology — permitting your enterprise to continue trading with the minimum of interruption.

Plant and Machinery Insurance for Factories

Many factories rely on high-value vehicles and machinery. Forklifts, trucks, compactors, telehandlers, conveyor belts, and assemblers — crucial equipment that is costly for your business to replace and repair.

PIB’s comprehensive factory plant and machinery cover protects your assets from loss, damage, and theft — addressing unwanted expenses and reducing downtime.

Depending on your policy, it can include new-for-old protection, accessories, overweighting, and wet and dry hire.

Cyber Insurance for Manufacturers

With virtually all 21st-century factories using online access and electronic data storage to run their operation — cyber insurance has never been more crucial.

From payroll to client databases, stock control to CRM — Australia’s production facilities depend on internet-enabled IT. Yet a single accidental mouse click or errant download could lead to devastating viruses, hacking, malware, or ransomware.

PIB’s factory cyber insurance defends your business against losses incurred as a result of these criminal activities. This includes addressing fines, legal action, compensation, ransom payments, data recovery, and reputation rebuilding.

How Much Does Factory Insurance Cost?

At PIB, we pride ourselves on our ability to build tailored policies that address the intrinsic risks faced by individual factories. Since no two production facilities are the same — the premiums vary from factory to factory.

Generally speaking, the factors affecting the cost of factory cover include:

  • Protection elements needed by your factory.
  • Factory age and size.
  • Location of your factory.
  • Your factory’s market sector.
  • Stock volume and value held by your factory.
  • Factory building construction type.
  • Whether the factory is owner-operated, or rented.
  • Safety and security measures of the factory.
  • Value of the factory’s machinery, plant, and vehicles.
  • Whether the factory deals with hazardous materials.
  • Claim history.
  • Factory employee numbers.
Warehouse Owner

Why Opt for PIB for Your Factory Cover Insurance?

You’re deservedly proud of the quality of products leaving through your factory doors — our unparalleled cover will exceed your stringent standards.

Experts in factory insurance and production facility risk management, PIB will ensure that your business relishes targeted attention, specialist advice, and tailored policies — shielding it against inherent threats, for the long term.

Backed by over 35 years of industry experience, a team of friendly and knowledgeable sector professionals, and a ceaseless determination to defend your operation — PIB will create your bespoke and reassuringly affordable factory insurance protection.


With PIB, you’re partnering with a significant force in the risk-protection sector.

Part of Australasia’s largest general insurance broker network — the Steadfast Group — we leverage Steadfast’s substantial scale to ensure you have access to a wide range of insurance companies, a broad scope of products, exclusive policy options, and perhaps most importantly — bottom-line-friendly competitive pricing.

And, should the unexpected happen and you need to make a claim, you will have the powerhouse backing of Steadfast behind you.

Professional Insurance Brokers is a leading specialist in custom, tailored insurance policies for individuals and businesses. Through our subsidiaries, including Unicorn Risk Services, we also have extensive experience in brokering insurance policies for the massive range of community and not-for-profit organisations that operate throughout Australia.

Professional Insurance Brokers (NSW) Pty Ltd
3 Harold Street, North Parramatta NSW 2151
Phone: (02) 9630 8788
ABN: 32 003 068 540 | AFSL: 241251