Cyber Liability Insurance for NAICS 336390
CYBRanked reasons a business in NAICS 336390, Other Motor Vehicle Parts Manufacturing, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.
- 01
One part number puts a recall across millions of vehicles.
- Parts are supplied to multiple vehicle makers across many models.
- One defective component becomes a recall of every vehicle containing it.
- The largest automotive recalls in history started with component suppliers.
- ASK
- How many vehicle models could contain a single one of your part numbers?
- 02
Assembly plants hold hours of your parts.
- Parts are qualified with sequenced delivery and dedicated tooling.
- Plants hold hours of stock, not days.
- Line-down charges far exceed the component value.
- ASK
- What are your customers' line-down charges per hour?
- 03
Vehicle makers assess your security before awarding work.
- Security and continuity requirements are flowed down because supplier incidents stopped production.
- Assessment is a condition of programme awards.
- Programme awards run for the life of a vehicle model.
- ASK
- What security assessments do your automotive customers require?
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