A missing production step can quickly prove expensive. If the supplier is unable to deliver products, this will result in a partial or even complete production standstill as well as a loss in earnings. The important thing is to analyse all critical processes – including those within your own company. This is the only way you can safeguard yourself optimally in the event of an outage.
Production downtime is not the only potential risk. Defective products frequently lead to claims. Professional liability insurance provides you with protection here, regardless of whether the article being manufactured is a component product or an end product. You can also safeguard yourself by including extended product liability cover in your policy, e.g.for related claims or recall costs.
Specifically, this means: If you deliver a defective product to your customer and this results in a claim, you are protected. The same also applies if your supplier delivers you a defective product, you don't notice this and so process it further, subsequently causing damage to a third party.
When it comes to insuring business clients, Helvetia sets great store by systematic risk analysis and end-to-end consultation. This gives businesses clarity about the potential risks and how you and your company can be safeguarded according to your individual requirements.