Products sold and annual sales
Review this carefully when evaluating the insurance program and preparing a submission.
Product Liability Insurance for Distributors
Not manufacturing a product does not mean a distributor cannot be sued when that product allegedly causes injury or property damage. The details of the supply chain matter.
What to Think About
The policy should match how the business actually operates.
Coverage needs depend on the products, contracts, property values, transportation arrangements and services involved. These are some of the issues worth reviewing.
Imported goodsImporters can face heightened responsibility when the actual manufacturer is overseas.
Private labelSelling a product under your own name can change how a claim develops.
Contractual transferIndemnification and additional-insured requirements can shift risk between manufacturers and distributors.
Recall costsOrdinary product liability and product recall are not the same coverage.
Submission Checklist
Information that helps tell the story to underwriters.
Better information can help carriers understand the risk instead of making assumptions from a class code alone.
Manufacturers and countries of origin
Review this carefully when evaluating the insurance program and preparing a submission.
Private-label or relabeled products
Review this carefully when evaluating the insurance program and preparing a submission.
Loss history and quality-control procedures
Review this carefully when evaluating the insurance program and preparing a submission.
Related Distribution Topics
One exposure rarely stands alone.
Property, products, transit, customer goods and business income often overlap in a wholesale or distribution account.
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