Worldwide Facilities Adds Coverage Suite for Autonomous Vehicle Industry

April 12, 2017

Worldwide Facilities is has added commercial auto liability, physical damage, and inland marine coverages for autonomous vehicle manufacturers, research and development firms, and component parts manufacturers, including those involved in the production of full Level-4 autonomous vehicles.

As modern vehicles incorporate more automated features, such as front-end crash warning systems and blind spot detection, insurance is being called upon to evolve. Automation technology leaves vehicle and component part manufacturers increasingly exposed during the testing process, as well as in the event of consumer accidents.

The coverage offers a $1 million combined single limit for liability coverages and full excess limit capabilities. It is available in all states where autonomous vehicle testing on public roads is currently allowed. Extensions and companion products are available to cover autonomous vehicle testing equipment, technology E&O, and product liability.

Worldwide Facilities offers access to multiple A-rated carriers, as well as both admitted and non-admitted options.

Worldwide Facilities is a national wholesale insurance broker and managing general agent offering coverage in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas.

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