Tool manufacturers face unique workers compensation challenges due to the physical nature of production, use of specialized machinery, and potential for on-the-job injuries. Having the right Workers Compensation Insurance in place is essential to protect both your clients and their employees. Novatae Risk Group offers a dedicated Tool Manufacturing Workers Compensation Insurance program designed specifically for this sector. With over 30 years of experience in manufacturing risks through our underwriting partner Empire Underwriters, we provide access to tailored solutions that address the unique exposures of tool manufacturers.
Ideal Accounts and Appetite:
This program is ideal for tool and die shops, precision machining operations, metal stamping facilities, and other small to mid-sized tool manufacturing businesses. We’re looking for accounts with clearly defined operations and strong safety protocols in place. Whether your client focuses on industrial tool production or custom tool fabrication, our underwriting team can help assess exposures and provide appropriate coverage solutions.
You might have a client with 25 employees operating CNC machines and stamping presses in a multi-state facility — we can help you find the right workers comp solution with quick turnaround and competitive terms.
Coverage Highlights and Advantages:
- Workers Compensation coverage tailored to tool manufacturing risks
- Fast quote turnaround with a completed submission
- 10% commission for appointed agents
- Coverage available in over 20 states
Underwriting Notes and Minimum Premiums:
Our minimum premium starts at $7,500, making this program accessible for a wide range of small and mid-sized manufacturers. To receive a quote, please provide the following:
- Acord 130 application
- 3 years of currently valued loss runs
- Completed supplemental questionnaire
- Details of any large losses
Territories and Availability:
This non-admitted program is available in more than 20 states, including CA, FL, TX, NY, IL, GA, and others. For a full list of eligible states, please refer to our program materials or contact our underwriting team directly.
Why Work With Novatae Risk Group:
As a Managing General Underwriter and E&S broker, Novatae Risk Group provides access to specialty markets and programs that address niche industry needs. With decades of experience underwriting manufacturing risks, our team delivers responsive service, deep industry insight, and a streamlined path to coverage. We work closely with agents and brokers to help you place tough-to-place workers comp accounts with confidence.
Need a quote for your tool manufacturing client?
Send an email to [email protected] or call 800-758-8113 to speak with an underwriter today.
Frequently Asked Questions
What types of accounts are a good fit for this Workers Compensation program?
This program is ideal for small to mid-sized tool manufacturers, including CNC machine shops, metal stamping companies, and tool and die makers with well-defined operations and safety practices.
Is this program available for new ventures?
New ventures may be considered depending on the owner's experience and safety protocols. A completed submission with detailed information is required for underwriting review.
What is the minimum premium for this program?
The minimum premium starts at $7,500, making it accessible for many smaller manufacturing operations.
Which states is this program available in?
This program is available in more than 20 states, including CA, FL, TX, NY, IL, GA, and others. Contact us for the full list of eligible states.
What submission documents are required to get a quote?
You’ll need to submit an Acord 130, 3 years of loss runs, a supplemental questionnaire, and details on any large losses.
Need help placing an account? Connect with a market specialist.