Automotive

Risk Management in the Automotive Industry

When the production line stops, every second counts

Suppliers in the automotive segment operate under extreme pressure for precision and deadlines (Just-in-Time). The failure of a single component can halt production for the end customer and trigger a chain reaction of damages amounting to millions of euros. Your insurance protection must be as robust as your manufacturing processes.

Key Risks in Automotive

Product Recall

Enormous costs associated with recalling a defective series of parts, including public notification and logistics.

Supplier Dependency

Production interruption due to a critical component supply failure (Just-in-Time risks).

Product Liability

Damages caused by a defective part, which can lead to the shutdown of the customer's assembly lines.

Pressure on Margins and Prices

Risk of financial instability due to extreme competition and pressure to reduce costs.

Insurance Specifics for Automotive

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Liability and Product Recall

A key element of automotive insurance is product liability coverage, including the costs of product recall. If your part is identified as defective, the costs of replacing it in thousands of manufactured vehicles can be ruinous. Our programs cover not only direct damages but also the costs of disassembly, assembly, and related logistics.

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Protection Against Supply Disruptions

Business interruption insurance is another critical area. Given the interconnectedness of supply chains, even a small fire or a breakdown of a key machine in your plant can lead to an inability to fulfill deliveries. We provide coverage for lost profits and fixed costs, enabling you to weather critical periods and maintain your position as an approved supplier.