Products Liability

Our underwriting team has a wealth of experience providing products liability solutions for difficult-to-insure businesses.

With Aspera, you and your clients will receive a customized underwriting process to deliver competitive solutions fast.

In most cases, we can turn around a quote to you in one hour!

Target Product Liability Classes

Manufacturers:
Emphasis on most Consumer, Commercial, and Industrial Products including:

  • CannabisĀ 
    • Dispensaries
    • Edibles/Oil Manufacturers
    • Growers
    • Hospitality Businesses (Bakeries, Coffee/Cannabis Shops, Conventions, et al.)
    • LRO Properties
    • Processors
    • Rolling Paper Manufacturers
    • Security Firms Serving Cannabis Businesses
    • Vaporizers & Other Smoking Devices/Accessories
  • Consumer Appliances and Electronics
  • Firearms and Ammunition including Handguns, Rifles, Military, Law Enforcement, Replicas, and Imports
  • Body Armor and Ballistic Clothing
  • Machinery and Equipment Manufacturing
  • Food and Beverage Processors including Alcoholic Beverages
  • Material Handling including Conveyor Systems
  • Recreational and Extreme Sports Sporting Equipment
  • Tobacco and E-Cigarette Manufacturers and Importers
  • Toys, Games, and Clothing
    (Note: Claims-made retro date continuity provided)

OtherĀ Opportunities:

  • Business Personal Property / Business Income with Extra Expense (only written supported with our Casualty Line);
  • Discontinued Products.

Policy Structure

Policies are written through a non-admitted carrier with a Financial Strength Rating of A-(Excellent) by A.M. Best.

Casualty

  • Commercial General Liability
  • ISO Occurrence and Claims-made coverage forms (Retro date continuity provided)
  • Coverage tailored for unique exposures
  • Split deductibles available
  • $1,000,000 / $2,000,000 / $2,000,000 capacity (Excess limits available)
  • Deductible will be $2,500 unless tailored to an individual risk
  • Minimum Casualty premium $2,500

Property

  • Business Personal Property / Business Income with Extra Expense
  • Special Cause of Loss Form
  • Valuation offered on Replacement Cost
  • Deductibles offered at $250 to $5,000 (We offer standard AOP Deductible and Separate Theft and Vandalism Deductibles as warranted)
  • Minimum Casualty premium $500

Availability

You can get Product Liability coverage from us in these states:

  • California [Lic. 0K86725]
  • Colorado
  • Florida
  • Oregon
  • Texas
  • Washington State

Company Highlights

Here are a few services you can expect when working with us:

  • Quick responses and quotes, often within 24 hours
  • 12.5% Commission on New and Renewal Commercial Accounts
  • 24-hour policy issuance
  • Policies written through a non-admitted carrier with a financial strength rating of A- (Excellent) by A.M. Best
Submission Requirements
  • ACORD Commercial Insurance Applications (125 and 126) with description of operations (signed by the insured when bound)
  • Supplemental Application, as appropriate (signed by the insured when bound)
  • Five Year currently valued company loss runs with a description provided for losses over $25,000
  • Internet website information
Send a Submission
Printable Products Liability Information

Our Commercial Lines Team

Trish King, Assistant Vice President
(804) 774-2102
trish.king@asperains.com
Ryan Dunne, Associate Underwriter
(804) 774-2107
ryan.dunne@asperains.com