Electronic Components

Aerospace and UAV liability

Can respond to third-party claims for injury or property damage from operating aircraft or drones, including at hangars and maintenance sites.

Can include liability for aircraft, liability at premises, liability for products and medical payment benefits

Logistics interruption

Typically compensates for losses and extra costs when a storm, strike, accident or equipment failure disrupts the delivery of goods.

Can include delivery disruption losses and added expenses

Business interruption for suppliers and customers

Is designed to extend business interruption coverage to income lost when a key supplier or customer is disrupted, not only when the insured is.

Can include supplier disruption losses, customer disruption losses and extended indemnity period

Environmental impairment liability

May pay for pollution caused by a manufacturer’s own production and the damage that results.

Can include damage from pollution

Trade credit

Generally reimburses invoices when a component buyer becomes insolvent, delays payment or cannot pay because of import or export restrictions.

Can include unpaid customer invoices, buyer insolvency, prolonged default and political events

Product liability

Often responds to claims when a faulty component built into another company’s product injures someone or damages that product.

Can include injury to people, damage to property and product defects

Product recall

Can help pay notification, retrieval, replacement and crisis communication costs when a manufacturer recalls defective or unsafe components.

Can include cost of recall, business interruption, cost of replacements and crisis response

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.