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Auto Component M I P

Get thoroughly analyzed and researched insurance options in less than 24 hours:

> Cover major risk exposures.
> Get quotes from leading insurers such as New India, Bajaj Allianz and Iffco Tokio.
> Avail customized policy, precisely to your needs.
> Get your policy timely and easily.

Types of risk faced by Auto Component Manufacturers

Client-related

Legal liabilities arising due to bodily injury or property damage suffered by clients due to faulty products. Losses incurred include cost of lawyer, investigation costs and compensation awarded by the court.

Types of risk faced by Auto Component Manufacturers

Product Recall Risk

Product recall may arise due to defect in the product that may lead to a bodily injury or property damage to a client or its customers. Cost of dismantling, transportation and repairs can be substantial.

Types of risk faced by Auto Component Manufacturers

Premises Risk

An accident can lead to own damage or third party loss. Cause could be fire, natural catastrophe, machinery breakdown or sudden pollution. Reinstatement of assets and indemnification of 3rd parties is covered.

Types of risk faced by Auto Component Manufacturers

Business Interruptions Risk

Inability to resume operations after an accident can lead to consequential losses. Factory may require to be shut down until reinstatement. Loss of profits, and continued standing expenses can be covered.

  • Client-related
  • Product Recall Risk
  • Premises Risk
  • Business Interruptions Risk

Cover relevant for Auto-Component Manufacturer

Product Liability Cover

> Product liability insurance for auto manufacturers handles claims made by your customers when the product malfunctions and leads to a third party bodily injury or property damage.
> Auto-manufacturer product liability policy covers manufacturing defects, design defects and flaws as well.
> Incorrect labelling, safety warnings and insufficient instructions are also covered by product liability insurance policy.

Product Recall Cover

> The cost incurred to recall or withdraw a product is paid by auto manufacturer liability policy and it also offers coverage against lawsuits which can cause reputational damage to business.
> Loss due to incidences of product contamination or tampering is also paid by the product recall insurance.
> Product recall insurance will also pay for loss due to withdrawal of product due to governmental announcements.

Industrial All Risk

> Auto manufacturers should also consider an all risk policy to cover for their property. Insurance will cover offices, machinery, furniture, stocks in trade for any risk except named exclusions. Coverage includes fire, burglary, flood and earthquake
> IAR covers loss of profits due to fire, natural catastrophes and machinery breakdown.
> IAR covers injuries at premises incurred by a third party.

Why Insuwise?

Modest Insurance

Specialists in different areas of insurance assure you of competent and reliable advice with cost-cutting.

Thorough Product Comprehension

Ongoing training to our teams to deepen and widen their technical skills.

24/7 Available

Any time of the day, any time of the year, Ideal People will assist and guide you out of your insurance troubles.

Quick Claims

We are known for Quick Claim Settlement. If you are going to have a policy via us, your claim settlement is our responsibility. We have a dedicated team which deals in claim settlement.

Policy Administration System (PAS)

Access your insurance policies through single login; service requests, MIS, and renewal alerts.

One Stop Solution

Ideal Insurance is a platform which deals in multifarious insurance related issues of diverse categories as, Life Insurance, General Insurance, Individual Insurance, Corporate Insurance, Public Insurers & Private Insurers.

Company informations

INSUWISE
No 72/1, 2nd Floor,
8th Main Road, Vasanth Nagar,
Bangalore 560052.

Mail Us

Sandeep R Gatti
sandeep@insuwise.com
(+91) 99005 07282

Kiran Kumar
kiran@insuwise.com
(+91) 98455 53121

(+91) 99005 07282
(+91) 98455 53121
(+91) 96861 61319

Available 9:00am - 7:00pm

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