Automotive

The automotive industry continues to evolve and adapt to new challenges ─ and it can rely on Foa & Son for a comprehensive approach to managing risk in this changing landscape.

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Gregory Reddock

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cyber insurance for car dealers

Why Auto Dealers Should Make Cybersecurity a Priority

| Automotive, Commercial Insurance, Uncategorized | No Comments
By Greg Reddock -- Cybercrime is increasing in many industries, and the automotive sales industry is no exception. Auto dealers are under constant attack by cybercriminals because of the large quantities of customer data stored on dealership management systems and the hefty sums involved in car buying. In fact, 85%…

Industry Expertise

Offering coverage to automotive dealerships and suppliers as well as specialty vehicle manufacturers and classic car collectors, Foa & Son understands clients’ distinctive needs for insurance and risk management, providing:

  • Expertise in health-care and regulatory issues that affect the bottom line
  • Knowledge of services and vendors unique to the industry
  • Insurance that transfers risk and enables our clients to focus on running their businesses

Insurance Solutions

The automotive industry has faced difficult times in recent years and suffered historically high-dollar losses. Although fewer insurers now write this class of business, Foa & Son continues to focus our loss-control services on:

  • Reducing claim frequency and severity
  • Improving the loss experience of our automotive clients
  • Introducing targeted insurance solutions that provide better coverages, higher limits, and lower insurance costs than ever before