PRODUCTS LIABILITY INSURANCE
- Private Label Risks
- Tattoo & Body Piercing Supply Distribution
1. Claims Made Products Liability
This coverage is available for risks that are manufacturing, importing/exporting, distributing and private labeling. We offer this program in all states (excluding MS.) Can consider tougher manufacturing classes, like those importing goods from China.
True Worldwide coverage is available for claims brought anywhere in the world. This program has limits available up to $5,000,000 with various deductible options. Retroactive coverage is available for risks renewing from another carrier.
Recent accounts written: Importer of Light Fixtures from China; Manufacturer of Vitamins; Manufacturer of Electronic Cigarettes; Distributor of Hunting Tree Stands
2. Occurrence Products Liability for Private Label Cosmetic Manufacturers
Coverage is offered to risks private labeling cosmetic products. This product is offered on A rated occurrence paper. Policy includes blanket additional insured vendor at no additional premium. Coverage is only available for standard non- custom formulations.
Lower rates are available where the manufacturer names insured as additional insured on broad vendors form. This program is offered in all states excluding MS, AL, WV
3. Occurrence Liability for Manufacturers
PPIB has two markets that write products liability on an occurrence form for manufacturers. Limits are available up to $5,000,000 and coverage is offer nationwide. Minimum premiums in this program start at $7,500.
Some of our most successful classes have been:
- Farm Equipment Manufacturers and Food Processing Equipment (sales usually have to be about $7.5 mil + to support the exposure/premium needs)
- Non-invasive medical and dental equipment and supplies (dental equipment, surgical equipment, test equipment, diagnostic equipment, etc)
- Auto parts mfg (everything but airbags and seatbelts)
- Exercise Equipment Mfg ( i.e. treadmills, exercise bikes, weights, elliptical- gym stuff)
- Cosmetic Mfg
- Industrial Machinery Mfg and Repair/service- General machinery, turbines, engines, etc
- Valve Mfg
These are just some of the more successful classes, we do a good deal of one off strange items. Tough products is our focus.
4. Home Based Manufacturers
We are offering coverage to home based risks that are manufacturing cosmetics products (ie: lotions, creams, soaps, salt scrubs,) out of all natural ingredients. Coverage is offered for risks that design their own packaging formulation and distribution for the product line.
Coverage is only available for distribution and sales of the products in the United States. This program is offered in all states excluding MS, AL, WV. Allows for risks that have gross receipts up to $50,000 per year.