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 within 24 hours!
Target Products Liability Classes
Manufacturers
Emphasis on most consumer, commercial, and industrial products, including:
- Cannabis
- 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 retroactive date continuity provided)
Other Opportunities
- Discontinued products
Policy Structure
Policies are written through a non-admitted carrier with a Financial Strength Rating of A (Excellent) by A.M. Best.
- Commercial General Liability
- ISO Occurrence and Claims-Made coverage forms (retroactive date continuity provided)
- Coverage tailored for unique exposures
- Split deductibles available
- Up to $5M capacity (Excess limits available)
- Deductible will be $2,500, unless tailored to an individual risk
- Minimum Premium: $2,500
Availability
You can get Products Liability insurance from us in these states:
- Alabama
- Arizona
- California [Lic. 0K86725]
- Colorado
- Florida
- Georgia
- Louisiana
- Maine
- Michigan
- Mississippi
- Nevada
- Oregon
- South Carolina
- Texas
- Virginia
- Washington
Company Highlights
Here are a few services you can expect when working with us:
- Quick responses and quotes, often within 24 hours
- 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
- Website information