Worldwide Facilities Offering Coverage for Autonomous Vehicle Manufacturers and Research and Development Firms

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Worldwide Facilities is pleased to announce it will now be offering 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.

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“Automated crash-avoidance technology is already changing the landscape of risk,” says Chris Moulder, Vice President and Broker at Worldwide Facilities’ Atlanta office.

Worldwide Facilities is pleased to announce it will now be offering 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.

“Automated crash-avoidance technology is already changing the landscape of risk,” says Chris Moulder, Vice President and Broker at Worldwide Facilities’ Atlanta office. “Worldwide Facilities is on the leading edge in offering solid insurance solutions in this space.”

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.

About Worldwide Facilities, LLC
Worldwide Facilities is a national wholesale insurance broker and managing general agent that has been in business since 1970. Our brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. For more information, please visit wwfi.com.

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Erika Guerra
@WorldwideFacLLC
since: 04/2015
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