Electronics and Manufacturing Assembly Insurance

• How does the insured manage their contracts?
• How does the business cap their liability, and do they exclude consequential losses in their standard terms and conditions?
• What products are being supplied?
• What industries are the products supplied to?
• Could details of any products be considered safety critical?
• Are the products made to the insured’s own design or to a customer’s specification?
• What quality controls are in place?
• What standards are the products manufactured to?
• Does the client have a business continuity plan?

Please provide details of the insured’s largest three contracts.

This trade includes manufacturers of integrated circuits or “chips” that can be integrated into products used in a variety of industries. This trade incorporates the “stuffing” of PCBs. Note: bareboard manufacturing is outside of our appetite.

Please explain to us:

• What products do the chips go into?
• In which industries are those products used?
• Do the chips go into any safety-critical applications?
• Are they made to the insured’s own design or to a customer’s specification?
• What quality controls are in place?
• Where are the bareboards manufactured? Do they hold their own products liability insurance and are all rights of recourse still intact?
• Does the insured have a product recall plan?
• Do you have details regarding traceability of the products?

Please note that any chips going into safety-critical applications are likely to be outside of appetite.

This trade includes manufacturing, distribution, installation or integration of physical security systems or products, such as access entry systems, CCTVs and/or biometric applications.

Please explain to us:

• What products are being supplied?
• In which industries are the products being used?
• Are the products used in aviation or any safety-critical applications?
• Are the products made/installed to the insured’s own design or to a customer’s specification?
• What quality controls are in place?
• What quality standards are the products manufactured to?
• If the insured does not manufacture, who are they sourcing the products from? Do they hold their own products liability insurance and are all rights of recourse still intact?
• Does the insured have a product recall plan?
• Are details available regarding traceability of the products?

This trade is used to control, protect or isolate electrical circuits and equipment.

Please explain to us:

• What products are being supplied?
• In which industries are the products being used?
• Are the products used in aviation, nuclear or any safety-critical applications?
• Are the products made/supplied to the insured’s own design or to a customer’s specification?
• What quality controls are in place?
• What quality standards are the products manufactured to?
• If the insured does not manufacture, who are they sourcing the products from? Do they hold their own products liability insurance and are all rights of recourse still intact?
• Does the insured have a product recall plan?
• Are details available regarding traceability of the products?

Please note that any switchgear going into safety-critical applications is likely to be outside of appetite.

This trade encompasses companies that service, maintain or supply electronic communications components on radio, TV, data or voice wireless towers.

Please explain to us:

• What products are being supplied?
• Are the products made/supplied to the insured’s own design or to a customer’s specification?
• What quality controls are in place?
• What quality standards are the products manufactured to?
• If the insured does not manufacture, who are they sourcing the products from? Do they hold their own products liability insurance and are all rights of recourse still intact?
• Does the insured have a product recall plan?
• Are details available regarding traceability of the products?
• Is there any height work and, if so, how much?
• What training or experience does the insured have in undertaking height work?

This trade includes manufacturers of components, computers, instruments, software, services or monitoring products that are designed to control, regulate and automate other devices.

Please explain to us:

• What products are being supplied?
• In which industries are the products being used?
• Are the products used in aviation, nuclear, environmental, public utilities or any safety-critical applications?
• Are the products made/supplied to the insured’s own design or to a customer’s specification?
• What quality controls are in place?
• What quality standards are the products manufactured to?
• If the insured does not manufacture, who are they sourcing the products from? Do they hold their own products liability insurance and are all rights of recourse still intact?
• Does the insured have a product recall plan?
• Are details available regarding traceability of the products?

Please note that we are unlikely to be able to provide terms for control systems involved in safety-critical applications.

This trade covers any industrial or general electronics not covered in any other area.

Please explain to us:

• What products are being supplied?
• In which industries are the products being used?
• Are the products used in aviation, nuclear, environmental, public utilities or any safety-critical applications?
• Are the products made/supplied to the insured’s own design or to a customer’s specification?
• What quality controls are in place?
• What quality standards are the products manufactured to?
• If the insured does not manufacture, who are they sourcing the products from? Do they hold their own products liability insurance and are all rights of recourse still intact?
• Does the insured have a product recall plan?
• Are details available regarding traceability of the products?

Please note that we are unlikely to be able to provide terms for systems involved in safety-critical applications.