Textiles Industry Insurance

FTJ specializes in a family of insurance coverages that are commonly required for businesses involved in the manufacture, distribution, and installation of traditional and advanced textiles in a wide range of applications.

Our experience as an insurance broker allows FTJ to compare the offerings of multiple insurance companies to find the best coverage terms and pricing for each client.

We also have the expertise to source specialized insurance coverage to meet the unique needs of businesses in the textiles industry.

FTJ takes pride in providing exceptional policyholder services, such as providing proof of insurance, revising scheduled property or worksites, assisting in the ajudication of claims, or simply answering coverage questions.

The basic coverages are specially designed to meet the needs of textiles businesses and include:

Property Insurance
General Liability Insurance
Inland Marine Insurance
Manufacturers Errors & Omissions Insurance
Cyber Insurance
Employment Practices Liability Insurance
Workers Compansation Insurance
Commercial Auto Insurance

Property insurance protects a business's physical assets such as buildings, equipment, furniture and inventory against damage or loss due to various perils, including fire, explosions, severe weather, theft, and vandalism.

This form of insurance covers buildings that are owned or leased, including exterior elements such as signage or fences, as well as business personal property on or off premises, including while in transit or temporarily away from scheduled premises or at premises that the insured does not own, lease or operate, or at any fair, trade show, or exhibition.

Property insurance also covers equipment breakdowns, interruption in utilitiy services, including operating expenses and/or loss of income if the business is forced to temporarily close due to a covered loss.

Commercial property insurance does not cover losses from:

• Wear and tear, which is damage caused by normal aging or deterioration of a property or asset.
• Earthquakes and floods unless specifically added as an endorsement to the policy.
• Acts of war, nuclear disasters, or events resulting from government actions.

General liability coverage protects against claims for damages because of bodily injury or property damage to others resulting from a business's operations or products. 

A general liability policy pays for:

• Medical expenses, lost wages, and other damages if a person is injured on the business premises or by the business's products or services.
• Damage to the property others caused by employees in the course of their work.
• Personal injuries such as libel, slander or other reputational harm to others caused by the business.
• Claims related to false advertising or infringing on the intellectual property of other businesses or individuals.
• Attorney's fees, courts costs, and judgments or settlements if a legal action is involved.

A highly customizeable form of insurance, inland marine insurance focuses on the risks associated with construction or installation of textiles at job sites, while in transit, or in storage.

Areas of protection include  builders' or installers soft costs, such as losses due to equipment breakdown or testing, green certification requirements, rigging or disassembling of property, riggers legal liability, expediting costs, reporting costs, or construction contract penalties.

The coverage applies to a business's real property or business personal property, scheduled property, as well as contractors equipment, whether leased / rented or borrow / loaned. 

Coverage can be tailored to meet a business's specific needs and can be written for a single, specific project or can cover multiple projects occurring during the policy term. 

Also referred to as professional liability insurance or by its acronym, E&O, a stand-alone errors & omissions policy is the right choice for a wide range of manufacturing classes.

FTJ works with experienced underwriters who have specialized knowledge in manufacturing, allowing them to identify risks a manufacturer may face and develop customized insurance protection. 

Our E&O coverage defines professional manufacturing services as any professional service performed in connection a product created, manufactured, assembled, licensed, or distributed by the insured business, whether sold or leased. The coverage helps protect against claims arising from:

• Manufacturing defects
• Failure of a product to perform its intended function or serve its intended purpose
• Failure of a product to meet applicable legal or industry standards regarding quality, safety, or fitness for its intended purpose
• Failure by the manufacturer to provide warnings or instructions in connection with a product

Our underwriting partners also have significant authority to assess new or emerging risks and rapidly develop coverage options to help mitigate these risks.

Cyber insurance coverage is often handled as an endorsement to a commercial property  policy. However these endorsements may not protect against the full range of cyber risks that businesses face.

Often they limit or exclude protecton for so-called first-party losses — the costs a business incurs from a cyber attack, data breach, or social engineering attack.

A stand-alone cyber policy with first-party and third-party coverage is recommended for any business that stores electronic records, especially if they contain customer personal, health, banking, or financial data.

Your FTJ broker can help you determine if the a cyber endorsement will provide adquate protection for our business, or if a stand-alone cyber insurance policy is advisable.

Employment liability insurance protects businesses from claims made by employees, former employees or job applicants who allege that their legal rights have been violated.

Common employment complaints include discrimination (based on sex, race, age or disability), various forms of harassment, invasion of privacy, negligent evaluation, failure to promote, and wrongful termination.

The insurance helps cover the cost of defending against these claims, including legal fees, settlements, or judgments, even if the company is found not liable.

A required coverage for employers in nearly all states, workers compansation insurance pays for last wages, medical bills and ongoing care when an employee suffers a work-related injury or illness.

Workers compensation laws vary by state, and there are exceptions or exclusions for certains types or sizes of employers. It's important to work with a knowledgeable insurance agent to assure your business is compliant with the laws in states where the business operates.

States with mandatory workers compensation laws often levy significant penatlies for employers who fail to obtain coverage.

Commercial auto provides coverage for vehicles owned by the business and used in any capacity. This could include cars provided to company executives or salespeople, delivery vehicles, or vans, trucks and trailers used in the provision of services to customers. 

The coverage provides liability protection for bodily injury and damage to vehicles and property caused by an accident. The policy also includes coverage damages or injuries caused by uninsured or underinsured motorists.

Commercial auto coverage can extend to rental vehicles and the personal autos used by employees for work purposes through add-on endorsements to the policy.