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Many manufacturers are involved in manufacturing component parts for high-risk exposures such as aircraft and aerospace products. A minor fault in just one component part supplied to the aviation industry can cause catastrophic results and potentially incur unforeseen legal liabilities for those responsible.
You may think you have for this exposure under your General Liability, but the reality is the only true coverage available for an aircraft product is under an Aircraft Products Liability insurance policy. Even if you were not involved in making the part that failed, this coverage also provides the “cost of defense,” which is critical to protecting the job shop and its removal from the lawsuit. ManufacSurance® provides coverage for manufacturers seeking broad coverage for overall sales, as well as contract-specific coverage when a manufacturer only wants to purchase Aircraft Products Liability coverage for a single project.
We will tailor the coverage for you once we gain an understanding of your risk exposures, including reviewing your job contracts and their indemnification clauses, insurance requirements and hold harmless agreements that may not be covered in your current insurance policies.
You can rely on our expertise in addressing the insurance needs of high-risk product exposures and in the fields of aircraft and related aerospace products to obtain the coverage you require.
PMIS developed ManufacSurance® to help you address the range of risks you face. As your business evolves and deals with an increasingly changing global business environment, our insurance program will provide you with the security you need to thrive and grow. For more information about our exclusive program, please contact us at 855.910.5788.