Insurance for technology and precision makers.
Product liability that reflects precision components failing in someone else’s product, cover for high-value stock in a small footprint, and a broker who knows software carries a different exposure to hardware.
Technology & precision manufacturing insurance
Usually includes
Product liability
Employers’ liability
Premises & contents
Stock & raw materials
Plant & machinery
Business interruption
One
conversation.
You explain the business once, and we take it from there.
Bespoke service
for your business
No two businesses are the same, so we start with yours rather than with a template.
Everything
quoted together.
The premises, your plant, your stock and your product liability, priced in one go rather than piece by piece.
Know your cover
What is technology & precision manufacturing insurance?
Precision manufacturing often means high stock values in a small space, and components that end up inside someone else’s finished product, so a fault can propagate well beyond your own sale. Software adds a distinct professional exposure on top.
Protects against your product
A component that fails inside a customer’s product. That’s what product liability covers.
Protects your staff
Employers’ liability is required by law the moment you take on staff, whether workshop or clean room.
Protects your stock
High-value components and finished units, often concentrated in a small space.
Who it’s for
Whatever precision you work to.
✓
Computer hardware makers
Assembled hardware, boards and components.
✓
Software developers
Software products, licensing and development.
✓
Lens & optical makers
Optical components and precision lenses.
✓
Clock & watch makers
Timepieces and precision movements.
✓
Jewellery manufacturers
Precious metal and gemstone production.
✓
Precision engineers
Machined components to tight tolerance.
What we cover
Cover built around what you make.
We get to know your product and process first, then build the policy around it.
Product liability
A component that fails inside a customer’s product. This is cover for what happens downstream.
Employers’ liability
Precision machinery and workshop equipment carry injury risk, required by law with staff.
Premises & contents
Your workshop, unit or clean room, and the fixtures inside it.
Stock & raw materials
High-value components, precious metals and finished units.
Plant & machinery
CNC equipment, precision tooling and testing rigs.
Business interruption
Lost output while production is stopped, not just the repair bill.
Legal expenses
Product disputes, supplier disagreements and the cost of defending a claim.
Goods in transit
Moving high-value components and finished units to customers.
Cyber & data
A compromised control system stopping production, and the traceability records you would have to rebuild.
Who this cover tends to suit.
This cover is generally bought by technology and precision manufacturers. It brings together product liability, employers’ liability (where staff are used) and cover for premises, plant and stock. It won’t suit every business. If your risk profile is different, tell us and we’ll pick it up when we speak.
Worth knowing
Check the details before you choose.
High stock values
Precious metals and components carry high value in a small footprint.
Security requirements
Insurers look closely at security where stock values are concentrated.
Software vs. hardware
Software carries professional exposure rather than product liability alone.
Component failure downstream
A fault inside someone else’s product can propagate widely.
Every component has its own risks.
A precision lens and a software product don’t carry the same risk, so we ask different questions for each.
Computer hardware
Software development
Precision engineering
Lens manufacturing
Optical components
Clocks & watches
Jewellery
Precious metals
Computer hardware
Software development
Precision engineering
Lens manufacturing
Optical components
Clocks & watches
Jewellery
Precious metals
Electronics assembly
Circuit boards
CNC machining
Instrumentation
Scientific equipment
Medical devices
Prototyping
Trade component supply
Electronics assembly
Circuit boards
CNC machining
Instrumentation
Scientific equipment
Medical devices
Prototyping
Trade component supply
Why Vara
Bespoke service for you & your business,
without the big-firm minimum.
01
Downstream failure changes the premium
Stock values, security, downstream failure. We know what moves a precision maker’s premium.
02
Cover that reflects your product
Hardware and software carry different exposure. We build around what you actually produce.
03
Product liability that fits your process
Tolerance, end use, downstream integration. All change the risk. We set it up properly.
04
We present the risk right
Stock values, security, end market. How it’s framed changes what you pay.
You talk to a person. The machines do the typing.
Free review of your technology & precision manufacturing cover and costs.
Told your product’s too niche to place easily? Not for us. Leave your details and we’ll call you straight back. One conversation covers the lot.
What the review covers
Precious metals and precision components can carry high value in a small footprint, and insurers look closely at the security in place before they quote.
A fault in your component can surface inside someone else’s finished product long after it left you, which is exactly the downstream scenario product liability is built to answer.
We approach insurers on our panel who write technology and precision manufacturing risks, and come back with what they’ll offer.
We explain each option in plain English, including what it doesn’t cover.
If it’s not a risk we can place, we’ll tell you straight away rather than leave you waiting.
No obligation to switch. You decide what fits.
Rather not wait? Call us on 0333 091 3663
Good to know
Technology & precision questions, answered straight.
What insurance does a precision manufacturer actually need?
Does high stock value affect my cover?
Is software covered the same way as hardware?
Am I covered if my component fails inside someone else's product?
What if I make both hardware and software?
Is my machinery covered if it breaks down?
How does exporting affect the cover?
What happens if I run more than one site?
Vara Commercial Insurance · 0333 091 3663
Vara is a trading name of Koral AI Operating Company Limited. Vara is an appointed representative of Innovative Risk Labs Ltd, under Firm Reference Number 1060955. Innovative Risk Labs Ltd is authorised and regulated by the Financial Conduct Authority, under FRN 609155. We are registered in England and Wales under Registered Company Number 17256222. Registered office: 167-169 Great Portland Street, 5th Floor, London, W1W 5PF.