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CHES Special Risk Inc. offers product liability insurance with umbrella feature for multi-national manufacturers.

CHES Special Risk Inc. offers product liability insurance features including a unique Umbrella Feature for Multi-National manufacturers with the potential for a “Batching” claim, affecting more than one policy.

Product Liability Insurance is designed to protect the end user of a product by giving businesses the ability to quickly provide compensation if a product is defective. Though product liability largely relates to manufacturing firms, your clients business could be held liable for a faulty product wherever they fall into a distribution chain.

It may be important to have product liability in place if your client is a:

  • Business making products available to the public.
  • Manufacturer or retailer who supplies its own-branded products.
  • Business that repairs, alters or services an existing product.
  • Company who repurposes or rebrands an existing product.
  • Importer of products from places where the safety requirements differ from the country it is sold in.

We provide product liability cover as an extension of a Comprehensive General Liability policy. Because it’s different for every business, we do not have set cover; we tailor a policy to suit your Client. If you are looking for public liability insurance, a CHES Special Risk Inc. policy will always offer product liability as part of the cover.

Many Corporations now Manufacture across many Country’s and Jurisdictions which ensures their Product is easily delivered to a market, and at a completive price with
reduced delivery costs, which often leaves the Risk Manager with many different Policies, many different limits and many different Self Insured retentions, at CHES Special Risk Inc. we have developed a policy that will recognize multiple bodily injury or property damage claims arising from a single product defect, even though an occurrence might be in several jurisdictions.

“Product liability insurance is designed to protect the end user of a product by giving businesses the ability to quickly provide compensation if a product is defective”

These claims, depending upon jurisdiction might be deemed separate occurrences, thus exposing your Client to a number of Self Insured retentions or no umbrella/excess coverage at all.

CHES Special Risk Inc. is able to offer an occurrence-reported excess casualty form that includes a unique feature found in standard occurrence-reported forms, which allows insureds to batch claims into a single occurrence, potentially saving them retention costs.

As a specialist broker, we can work with you to understand your Clients products and the markets they operate in. This will help you to decide the correct level of cover for your Clients business, and combine it with the rest of their package.