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 Product 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 retro 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.
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
- Maine
- Michigan
- Oregon
- 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
- 12.5{241d69fb6cc1b5cacc5f3e2661eaf0e97e5fed421b543841c6865fd1a2ecc898} 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