CNH Industrial maintains insurance with third-party insurers to cover various risks arising from its business activities including, but not limited to, risk of loss or damage to its assets or facilities, business interruption losses, general liability, automobile liability, product liability and directors and officers liability insurance. CNH Industrial believes that it maintains insurance coverage that is customary in its industry. CNH Industrial uses a broker that is a subsidiary of Fiat Chrysler Automobiles N.V. to place a portion of its insurance coverage.