In the intricate web of operations involved in bringing a product from conception to consumer, myriad risks lurk, ranging from warehouse fires to losses during transit. These perils can translate into significant financial setbacks for businesses. Therefore, safeguarding against such eventualities becomes imperative, and this is where insurance steps in as a crucial mitigating factor. 

In the realm of insurance, however, not all policies are created equal. Depending on the specifics of the coverage, there may be gaps that leave businesses vulnerable to unforeseen circumstances. For instance, while certain policies may safeguard products during the production phase, they might fall short when it comes to transit-related risks. Consequently, businesses might find themselves in the position of needing multiple insurance policies to adequately cover their operations. 

Enter the commercial output policy (COP)— a pivotal aspect of risk management in the realm of product production and distribution. COP is a comprehensive insurance solution designed to bridge these gaps and provide holistic protection across the entire production and distribution spectrum. Unlike piecemeal approaches, COP offers an all-encompassing safety net, ensuring that businesses can be shielded from risks at most stages of their operations. 

So, who stands to benefit from COP? Primarily targeted toward smaller to midsize operations involved in warehousing, assembling, light manufacturing and distribution, this coverage caters to a diverse array of businesses responsible for bringing products to market. Whether it's safeguarding property in transit, protecting valuable papers, covering accounts receivable, or securing electronic data processing, COP offers a comprehensive solution tailored to the unique needs of each business it serves. 

Falvey Insurance Group's COP stands as a prime example of this comprehensive approach to risk management. Developed by its inland marine managing general agent (MGA), this policy is engineered to seamlessly integrate into businesses' operations, eliminating redundancies and ensuring maximum coverage with minimal hassle. With a tailored policy and a substantial working capacity of up to $10 million, the Falvey Insurance Group's COP product offers businesses unparalleled peace of mind. 

The policy's comprehensive coverage pairs nicely with some of Falvey's other American Association of Insurance Services (AAIS) suite of products, such as: 

• Property in transit: Ensures the protection of goods while they are being transported on their own trucks. 
• Electronic data processing (EDP): Provides coverage for hardware, software and data. 
• Contractors equipment: Offers broad coverage for mobile equipment and tools used by contractors, from small tools to machinery, against loss or damage. While commercial output insurance is closely aligned with the associated contractor's equipment form, which provides more specific coverage, smaller schedules can be incorporated into the commercial output insurance policy. 
• Business interruption: Protects businesses from financial losses that occur when they are unable to operate due to a loss from a covered peril to their facilities or equipment. 
  
  

Contact Falvey for more information.