Before signing, the manufacturer should go over the lease with her attorney to be sure that the terms of the agreement are clearly understood. Basics to start with include a cutting table, a cutting machine, sewing machines, pressing equipment, and facilities for inventory storage and shipping. Most manufacturers maintain their business offices on the factory premises. In such cases, the expense of office equipment, furniture and supplies must also be considered. To protect the manufacturer's physical assets, adequate insurance coverage is mandatory and should be discussed with a knowledgeable insurance agent.
Many trade associations have group rate policies tailored especially for the industry.
Inventory, machinery, goods in transit can also be covered. Liability and Product Liability - To protect against claims by the public for injury received on the manufacturer's property and from goods produced by the manufacturer. Workers Compensation - Required by law to cover employees injured on the job. In recent years, intense competition for qualified labor has necessitated the implementation of basic health insurance coverage for virtually every employee. The quality and scope of the health plans offered varies.