An insurance of premises and operations liability insurance designed to cover manufacturing or contracting risks. The basis of premiums for this coverage is the payroll.

Policy originally designed to cover property of a manufacturer being processed at another company it covers personal property away from the premises on an open perils basis.

Insurance that covers a manufacturer’s personal property. The property is usually covered against all perils but only away from the manufacturer’s premises, because this type of coverage was initially meant for products that were sent to other companies for processing.

Clause stating that finished goods are valued for insurance purposes at their selling price rather than their cost of manufacture.

Broad form of all risks coverage of personal property of insured manufacturer. It covers property of manufacture, except on the premises of the manufacturer.

Values unsold finished goods at the price at which they could have been sold at the time of a loss.

A location which manufactures products for delivery to the insured’s customers under a sales contract. One of the four types of dependent properties for which business income coverage (Loss of Profits) may be underwritten.

A location contracted to produce product, which is then delivered to the insured’s consumers. Under business income coverage, one of the four categories of dependent properties.

A nonstandard document for providing evidence of insurance coverages required by the certificate holder in a contract with the insured. Sometimes drafted in an effort to overcome the limitations of a standard certificate of insurance, manuscript certificate of insurance forms are often resisted because they require more information or place greater legal obligations on the party providing the certificate.

An insurance policy form that is custom designed for a particular insured.