If you own a mattress manufacturing facility, then you need mattress manufacturing workers compensation insurance. Workers' compensation is mandatory in most states and even if you can meet an exception, you would be foolish to operate without it. Workers' compensation covers claims that arise when one of your employees is injured at work. Claims are generally accepted if they occur at work and while your employee is working within the course and scope of his/her employment. For a more detailed explanation of which claims are accepted and which are detailed, speak with an insurance representative.
Workers' compensation takes care of the medical expenses and lost wages that must be paid when one of your workers is injured. Without insurance, a court may order you to pay for all of these costs out of pocket, which could devastate your company. Speak with your business partners and several insurance companies to find the workers' compensation that's right for you.
In addition to workers' compensation, you should also obtain mattress manufacturing liability insurance. This will help out if one of your employees injures a client or damages property. When either of these events occurs, you could be sued for damages. General liability coverage will help you pay for the related expenses and will help keep your business afloat when you need help the most.
You should also consider product liability insurance. As a manufacturer, you're relied on to produce quality, safe furniture. If one of your customers complains that your mattresses weren't what they were advertised to be, then you could be sued. In the event that one of your mattresses injures someone or exacerbates a previous injury, you could also be blamed for damages. Product liability will protect you and your assets when one of your mattresses is called into question.
Professional liability and property insurance are also smart additions to your insurance package. Professional liability is recommended for architects, lawyers, doctors, and other professionals whose work is relied on by customers to be safe and to live up to the standards of the profession. You manufacture mattresses. That means that customers depend on you to provide a mattress that at the very least lives up to industry standards. If you fail to do this or if your mattress is deemed to be inferior and doesn't live up to advertising, then you again could be sued. This is why professional liability is a good idea.
Property insurance is always smart, especially if you own your own facility. The machines and tools that you need to make mattresses are expensive. You may not be able to pay to repair or replace your machines out of pocket. That's why you need property and equipment insurance. This will ensure that you can fulfill your orders even when a shipment is lost or when one of your machines stops working.