Products liability refers to the liability of all parties along the chain of manufacture of any product for damage caused by that product. This can include the true manufacturer, assemblers, wholesalers, and retail sellers. Claims are typically brought by the consumer who is harmed by the product.
This is the one area in which we offer protection outside of our typical D&O/E&O/Employment Practices niche. PLUS has two extremely strong markets dedicated to difficult Products Liability risks. What's a difficult products risk? Perhaps these recent placements will help you understand our appetite:
- Coverage for a manufacturer of practice bullets for the U.S. Military
- Coverage for a maker of lead shields used in medical X-ray labs
- Coverage for a U.S. drug wholesaler where the drugs are manufactured in Mexico
- Coverage for a water heater manufacturer whose defective products caused two total fire losses
- Coverage for a heat transfer device used in pipelines
These are just a few examples! Note that we can also offer companion General Liability insurance, if your standard markets are uncomfortable with the risk.