Manufacturing Insurance in Hicksville, New York
For Hicksville manufacturers, Manufacturing Insurance Group offers something a generalist agent cannot: 20-plus years of underwriting nothing but production risk, including Hicksville’s real precision magnet and Long Island advanced manufacturing exposure. Request a quote and get real numbers back within 24 to 48 hours.
What Does Manufacturing Insurance Cost for a Hicksville Factory?
A Hicksville manufacturer under 20 employees typically pays $3,000 to $6,000 annually for general liability, property, and workers’ compensation combined, with mid-size shops running $10,000 to $25,000 once product liability and equipment breakdown join the program.
| Facility Size | Typical Annual Premium | What Drives It |
|---|---|---|
| Small shop (under 20 employees) | $3,000 to $6,000/yr | Bundles the core three lines for a small shop |
| Mid-size plant (20 to 150 employees) | $10,000 to $25,000/yr | Equipment breakdown and product liability coverage scale in alongside OEM growth |
| Large or high-risk facility | $50,000 to $100,000+/yr | Heavy industrial equipment, hazmat handling, or a footprint spanning several sites |
Pricing is based on national manufacturing insurance benchmarks.
What Coverage Types Does a Manufacturer Need?
A Hicksville manufacturer’s coverage need typically spans five lines working together:
General Liability
Third-party injury and property damage protection.
Commercial Property
Your building, equipment, and inventory.
Workers’ Compensation
Coverage for employee injuries on the job.
Equipment Breakdown
Mechanical and electrical failure of production machinery.
Product Liability
Coverage for parts and products after they ship.
Equipment Breakdown
Mechanical and electrical failure of production machinery.
Product Liability
Coverage for parts and products after they ship.
New York’s strict liability doctrine, independent of the Restatement formulation most states use, comes from Codling v. Paglia. That doctrine is why product liability coverage is not optional for any Hicksville manufacturer supplying precision components.
Full opinion: Codling v. Paglia, 32 N.Y.2d 330 (1973), on strict products liability.
These five lines apply the same way statewide, so see our full New York manufacturing insurance overview for requirements that go beyond Hicksville.
How Does New York’s Workers’ Compensation System Work?
New York Workers’ Compensation Law requires virtually all Hicksville employers to carry coverage, with no elective option the way Texas allows.
NYSIF covers roughly 2 million workers and 200,000 employers statewide, a real public option available to Hicksville employers alongside private carriers.
Reference: the New York Workers’ Compensation Board, on mandatory coverage in New York.
Hicksville’s Real Manufacturing Base
Hicksville hosts real precision manufacturing operations tied into Long Island’s advanced manufacturing base.
- Dexter Magnetic Technologies, a real precision permanent-magnet manufacturer, maintains operations in Hicksville, according to company transaction records, supplying components into aerospace, medical, and industrial applications.
- Precision magnet manufacturing carries product liability exposure tied to the downstream systems these components are integrated into, from medical devices to industrial equipment.
- Hicksville sits within Long Island’s real advanced manufacturing corridor, a region with a genuine history of precision engineering and component manufacturing beyond its historic aerospace legacy.
Why Hicksville Manufacturers Choose Manufacturing Insurance Group
We work with manufacturers exclusively
Every policy on our book insures a manufacturer. That singular focus means precision magnet and Long Island advanced manufacturing exposure is already understood before we ask you a single question.
We work specialty markets a generalist agent never touches
precision magnet and Long Island advanced manufacturing exposure calls for carriers most agencies never access. We place Hicksville manufacturers with the specialty insurers who write that risk well.
Your policy is built around what your facility does
A Hicksville facility’s real risk comes from its precision magnet and Long Island advanced manufacturing process, not its revenue alone. We underwrite the equipment and workflow you run.
Getting a Quote for Hicksville Manufacturing Insurance
Ready to protect your operation? Get expert guidance and a custom quote today.
Frequently Asked Questions About Manufacturing Insurance in Hicksville
Is workers’ compensation insurance required for every Hicksville manufacturer?
Hicksville employers must generally carry workers’ compensation under New York law, a mandatory requirement, purchased from either a private insurer or the public NYSIF fund.
What does manufacturing insurance cost in Hicksville?
A Hicksville manufacturer under 20 employees typically pays $3,000 to $6,000 annually for general liability, property, and workers’ compensation combined, with mid-size shops running $10,000 to $25,000 once product liability and equipment breakdown join the program.
Does New York apply a strict liability standard for product defect claims?
Yes, Codling v. Paglia, 32 N.Y.2d 330 (1973), is the New York Court of Appeals case that established strict products liability in the state.
What is the minimum liability coverage required for a manufacturer in New York?
New York does not set a single statutory minimum for commercial general liability limits. Most manufacturing supplier agreements and contracts require at least $1 million per occurrence and $2 million aggregate, and tier-1 supplier relationships often require higher limits.
What precision manufacturer operates in Hicksville?
Dexter Magnetic Technologies, a real precision permanent-magnet manufacturer, maintains operations in Hicksville, supplying components into aerospace, medical, and industrial applications.