Ironshore Specialty Casualty has created a new suite of endorsements to address the products liability exposure of manufacturers and distributors. Coverage is underwritten on a primary basis with limits available of up to $5 million on an occurrence or claims-made basis.
Ironshore said that its manufacturer-specific endorsements provide coverage for insureds' vendors and additional insureds to meet common industry contractual requirements.
Most notably, Ironshore's suite of new endorsements provides limited professional liability coverage and a crisis response service with recall reimbursement of up to $150,000 in addition to the primary policy limit.
Target classes of business include but are not limited to fabricated metal products (non-structural), consumer products, transportation products, sports equipment, and industrial machinery, equipment, and components.
“Ironshore recognizes the complexities of product-driven exposures to manufacturers and distributors. Our suite of endorsements has been designed to allow flexibility and responsiveness in addressing products liability risks based on the insured's specific coverage needs,” commented Tim McAuliffe, the president of specialty casualty.
Learn more: www.ironshore.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].