The Armada Risk Partners Difference
Insurance and risk management with a consultative approach.
We are Armada Risk Partners, and we are willing to go the extra mile to help you grow your business and live your life. We take a personalized, consultative approach to insurance and risk management so you can be more competitive, grow, and innovate.
Based in Cleveland, OH, our primary focus has been to shield companies and their employees from catastrophes by providing insurance solutions and presenting unique growth strategies. We also work one-on-one with individuals and families to safeguard your assets and wealth when you have more to protect. Read more about us.
Armada Risk Partners is proud to give back through charitable giving and community involvement. Learn more about how Armada Cares.
Here’s what our clients are saying about the Armada team.
I say this on both sides of the Armada house—insurance and benefits: they are hand holders. They are always accessible, their response time is amazing. They are very patient and helpful, and they always go the extra mile.Emily S.Canterbury Capital
We moved over to Armada because we didn’t feel like we were getting analytical and strategic planning with our prior broker. Since we’ve made that move, we’ve been really happy. Armada helps us with our budgeting, comparing what we come up with and what the carrier comes up with. It’s a deeper dive, and we get a lot more data than what we were getting with our previous broker.Rebecca A.HR manager, Conrads
The whole reason why we transferred to Armada was lack of customer service and transparency from our previous broker. Sitting down to meet the Armada team was like a breath of fresh air. They are extremely transparent, open and honest. They continue to operate that way, which we really appreciate.Marcie R.Applied Medical HR manager
Armada absolutely provides us with services and products that protect our business. They have a really nice team, they communicate well and they give us a lot of notice on what they need. They know the market and we don’t and they are really good at bringing us new ideas. There are new types of policies we need to think about, and they bring them to our attention.Gary S.CFO Segmint
We absolutely view Armada as a partner. We lean heavily on them. Armada has solved many problems and found creative ways to work around plan provisions—in this case to accommodate the company we were acquiring.Emily S.Canterbury Capital
I’ve been here 20 years and I’ve never had the level of partnership that we now have with Armada. It feels like they’re part of our team. I always recommend them to others.Rebecca A.HR manager, Conrads
Armada is absolutely an integral partner to our organization. Their customer service is exceptional. There is always another perspective that they bring to the table. Ideas or solutions that we hadn’t considered or thought about before.Marcie R.Applied Medical HR manager
Armada is a good partner. We have a mutual trust. We trust that they’re representing us well in the marketplace and are knowledgeable. They really know our business and the insurance market. So, trust and knowledge are the two things that stand out the most.Gary S.CFO Segmint
Click it. Read it. Cover it.
Get a glimpse of the risks you face and how your insurance can protect what matters most.
The manufacturing business is unique and comes with many exposures, which can lead to a potential lawsuit. What if a fire breaks out and damages the building and halts production, causing you to default on your delivery contracts? Would your business survive?
Commercial general liability insurance is an absolute necessity for a manufacturing business. This type of protection provides broad coverage for premises, operations, completed operations and advertising, and personal injury. It will also pay to defend any covered lawsuit or action regardless of its merit. Coverage can be purchased as a separate policy and can be tailored to your specific needs.
When a gas tank explosion causes an uncontrollable fire, your commercial property and everything within it can suffer a significant loss. This can have a detrimental effect on your manufacturing business.
Commercial property insurance can help protect the property your business owns or leases, including things like equipment, inventory, furniture, and fixtures. Whether you own your building or lease your workspace, commercial property insurance can be purchased separately or can be combined with other necessary coverage to protect your business’ physical assets.
What would you do if a fire impacted the operation of your production line and prevented you from serving clients for a day or more? Or what if a pipe leak caused a system outage or extended downtime, leaving your production line inoperable? These and other events can destroy your ability to serve clients and bring in revenue, which can have a major long-term impact on the viability of your business.
Business interruption insurance compensates you for lost income if your manufacturing facility cannot operate as normal due to damage that is covered under your commercial property insurance policy, such as fire or water damage. Business interruption insurance covers the revenue you would have earned, based on your financial records, had the incident not occurred. The policy also covers operating expenses, like electricity, that continue even though business activities have come to a temporary halt.
When a product you manufacture is found to be defective and causes bodily injury or property damage to others, you may be held financially liable. Product recalls can be involuntary (required by a regulatory agency or the government) or voluntary (the manufacturer notices a defect that is unlikely to force an involuntary recall), and can be costly.
Product recall insurance covers expenses associated with recalling a product from the market. Coverage can include customer notification costs, shipping costs, and disposal costs. Coverage generally applies to the manufacturing business itself, though additional coverage can be purchased to cover the costs of third parties.
If one of your employees receives an injury or becomes ill due to a work-related occurrence, you are required by law to have the proper coverage in place.
Workers' compensation protects your employees should a job-related injury or sickness occur during the course of employment. This coverage is required by law and may vary by area, so be sure that you understand your obligations for all physical locations where your business operates in and all physical locations where you hire your employees.
As a manufacturing business, you have many exposures associated with your business vehicles–owned or leased. With a fleet of cars, trucks, vans, or other types of vehicles used in the course of business, a single accident can potentially put your business in financial jeopardy.
Business auto insurance provides coverage for vehicles owned or leased by your manufacturing business and provides coverage for bodily injury, property damage, and other exposures, and could include comprehensive and collision coverage as well.
Losses and lawsuits are quite common in the manufacturing business, and settlements can be substantial. If your business is found to be responsible for damage or injury, you could be facing a large liability loss that exceeds the basic limits of your standard policy.
You should consider purchasing a commercial umbrella insurance policy which provides higher limits, typically between $2,000,000 and $10,000,000, and often broadened coverages. Coverage is extended over various policies, including general liability insurance, business auto, and directors and officers liability insurance.
As a manufacturer, you’re constantly shipping your cargo around the world either by land, air, or sea, which exposes your business to risk as a result of product loss, theft, or damage.
You can purchase ocean marine insurance for your products while your shipments of goods are in transit, whether it's by truck, rail, air, ship, or boat, and until they reach their final destination.
Manufacturer Insurance 101
Make sure you cover the unique risks you face with manufacturer insurance.
- Click on the hotspots.
- Discover your risks.
- Get the right coverage.