TIRE AND WHEEL PROGRAM
The Tire Industry is continuously experiencing competition, regulations, and global supply chain issues. Manufacturers, importers, wholesalers and distributors who intend to grow and compete nationally or internationally need a comprehensive product liability resource to provide better data for decision making. Accurate data delivers insight to the proper allocation of resources and capital.
J&J is a long-time leader in placing insurance coverages for the tire industry, as well as providing risk management services.
J&J was able to save a tire importer customer $100,000 in premium on a $10M limits policy with $100M estimated annual sales!
The Jordan and Jordan Advantage comprehensive business analysis starts with your business objectives. Then a risk management advisor ensures the tire, wheel or components used in the production of your products have the protection of product liability insurance, specifically designed insurance policies, to address the liability exposures that come from creating or selling tires, wheels and components. Companies that don’t have this protection properly applied may face lawsuits that can substantially impact, or even threaten, their business. Jordan and Jordan has the exclusive Lloyd’s of London product liability coverage that businesses need to protect their financial interests.
Product Liability Insurance offers protection to manufacturers, wholesalers, distributors and retail sellers against bodily injury and property damage losses arising out of some defect in the product. for losses or injuries to a user or bystander caused by a defect or malfunction of the product, and, in some instances, defects in the product’s design or inadequate warning labels.