Auto Parts/Supplies – Retail

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As an auto repair shop owner, you know that when servicing various vehicles on a daily basis with expensive, complicated and sometimes hazardous tools and equipment, insurance coverage is an important and necessary asset.

Your business rests on expensive production machinery, but that’s just one piece of the puzzle. Product recall, damaged tools, and liability issues that come with faulty products can complicate matters quickly, whether you manufacture auto and truck operating parts, body parts, reefers, or other vehicle accessories. We’re here to help protect your livelihood with auto part insurance coverage to address problems that can arise in the workshop and beyond.

Precise tools, multi-step processes, and critical vendor relationships can make the manufacturing of non-critical auto parts a difficult job. We’ve compiled a policy to address common challenges, concerns, and demands at each step of the way, with coverage’s like:

  • Commercial Automobile Coverage
  • Commercial General Liability Insurance
  • Excess Liability Insurance
  • Directors & Officers Insurance

Your business relies on your skill and care as much as it relies on your specialized equipment: if you make a small mistake in the production phase, it could compromise the finished vehicle, and the blame could fall on you. Make sure your tools and machinery are covered – as well as the work itself – by adding some specialized extensions to your basic Commercial General Liability (CGL), Property, and Auto insurance coverage.

We know that the risks your non-critical auto part manufacturing business faces are different than the risks affecting other manufacturing businesses. We also believe that you can help to defend against your unique set of risks with the right information and some smart guidance.

Our value-added services focus on helping you identify and mitigate the risks your business faces each day. An assessment of your protection systems, hazardous materials, and best practice risk control measures can help uncover the inherent risks associated with the equipment and materials you use. In-person consultations carried out by experienced risk services professionals can leave you with the knowledge and confidence you need to protect every aspect of the business you’ve worked so hard to build.

As a manufacturer, wholesaler or retailer of automotive parts, your business comes with plenty of responsibility and accountability. Even while operating with the utmost care and providing the best quality auto parts and services available, a third party can sue your company for damages due to Bodily Injury or Property Damage allegedly created by your product.

Business liability insurance protects your business in the event of a lawsuit for bodily injury, property damage, personal injury or advertising injury. It will cover the damages from a lawsuit along with the legal costs incurred to defend your company. Within a General Liability policy, Products Liability can be included to provide the much needed coverage to protect your business assets should the product(s) you manufacturer, distribute, sell or install injure a third party or create property damage. To understand the need for this coverage it is critical to understand the potential liability. There are generally three types of products “claims” a company may face:

Manufacturing or Production Flaws– A claim that some part of the production process created an unreasonably unsafe defect in the resulting product. Claims against manufacturers often all edge a manufacturing defect.

Design Defect– A claim that the design of the product is inherently unsafe due to the design and the all edged failure of the company to properly design and test an automotive product.

Defective Warnings or Instructions– The claim that the product was not properly labeled or had insufficient warnings for the consumer to understand the risk of the product when put to it’s intended use.