The Automobile industry continues to evolve and adapt to the new challenges it faces – and can rely on Foa & Son for a comprehensive approach to risk in this changing landscape.
The Automotive industry has faced difficult times in recent years, with many consumer-led, health-care and regulatory issues challenging their bottom lines. Due to historically high losses, fewer insurers are writing this class of business. Those that still insure it are becoming increasingly selective. Foa & Son focuses our loss control services on reducing your claim frequency and severity. As we improve the loss experience of our Automotive clients, we are able to introduce unique insurance solutions that provide better coverages, higher limits and reduced insurance costs.
From automotive dealerships and suppliers to specialty vehicle manufacturers and classic car collectors, Foa & Son understands the unique insurance and risk management needs of the automotive industry. We provide the expertise, services and insurance support that enable our clients to focus on what they do best.