Partner for BiH
Automotive & Mobility
The automotive and mobility sector encompasses vehicle and component manufacturers, parts suppliers, and providers of mobility and transport services.
It is a capital-intensive sector with long and interconnected supply chains, in which a stoppage at a single point of production or at a key supplier quickly halts the entire line, while strict safety standards mean that a product defect can lead to a costly recall and to claims. The sector is further shaped by electrification, new technologies, and shifts in supply chains, which introduce new risk profiles.
VIPOX analyses these exposures in detail, quantifies the total cost of risk, and structures insurance programmes tailored to production plants, suppliers, and mobility service providers.
Who It Is For
These solutions are intended for manufacturers of vehicles and assemblies, manufacturers and suppliers of components and parts, electromobility and battery system companies, and providers of transport and mobility services. We tailor the programme to the real risk profile of each link in the chain — from a large production plant to a specialist supplier.
Risks We Cover
We cover product liability and product recall, interruption to production and operations, supply chain disruption and the failure of a key supplier, property risks and machinery breakdown, transport and fleet risks, public and professional liability and directors' and officers' (D&O) liability, and cyber risks in connected and automated production systems. For clients with an extensive supply chain, we specifically analyse dependence on individual suppliers and recommend measures to reduce the risk of supply failures.
Practical Examples
The discovery of a systemic defect in an installed component can trigger the recall of a large number of vehicles, with product liability and recall cover compensating the costs of withdrawal, replacement, and claims. A stoppage at a single key supplier or a fire on the production line can halt the entire plant and trigger contractual penalties towards buyers, which business interruption and supply chain disruption insurance cover.
Our Approach
As an independent broker, we analyse your business exposure along the entire value chain — from procurement and production, through transport, to delivery and after-sales obligations. We assess the risks, negotiate terms with insurers, arrange cover tailored to the manufacture of vehicles and parts or to mobility services, and manage the entire claims notification and recovery process. With a sound knowledge of the domestic market and dedication to every client, our partnership with AON for BiH also provides access to the international insurance and reinsurance markets when the nature and scale of the risk require it.