Product Liability

General/products and completed operations liability for tough manufacturing risks including critical auto parts, aircraft parts, nutraceuticals, chemicals, foodstuffs, imports and other non-admitted product liability business. Offering over 20 years of experience in this class category.

MARKET OVERVIEW

Coverage Parameters

General liability, Products/Completed Operations Liability, Excess/Umbrella Liability, Property and other support coverages like products recall and discontinued products. Up to $10,000,000, limits of liability on occurrence or claims made basis. Some first dollar coverage depending on class. Vendors coverage included. Surplus lines handled by MarketScout. $7,500 Minimum Premium.

Insurer(s)

Since products liability varies greatly by type of industry, we utilize many different insurers, all of whom are Best’s rated A VII or better.

Commission Schedule

10% minimum subject to markets.

Application Requirements

MarketScout Producer Agreement Required along with E&O verification and respective state license. No premium volume requirements. We operate on 'open market' basis. We consider one off submissions. We file the tax.

Applications
Title View/Download
Acord applications (125; 126; umb: etc.) and supplemental products application. Acord applications (125; 126; umb: etc.) and supplemental products application.

FAQs

1Who will file the surplus lines tax ?
MarketScout: Our markets require that MarketScout file the surplus lines tax.
2What is average turn-around -time?
Several days if we have a complete submission with loss runs, etc.
3What is your minimum premium?
$7500.00
4Can you insure critical auto parts?
Yes.
5Can you provide finance options?
Yes.
6Can you write no deductible policies?
Yes, subject to class.
7Can you provide $10,000,000 limits?
Yes.
8Do you write excess/umbrella coverage?
Yes.
9Can you consider workers compensation?
Yes.
10Are all companies A rated?
Yes.
11Do you write discontinued products coverage?
Yes
12Do you write products recall coverages?
Yes
13Can you insure sports equipment?
Yes
14Can you insure drug manufacturers?
Yes
15Can you insure rides at fairs, carnivals, etc?
Yes