General Star Upgrades Chemical Product Manufacturers, Distributors Coverage

August 1, 2014

General Star Management Co. has unveiled underwriting enhancements for chemical product manufacturers and distributors.

For the first time, General Star will offer occurrence form coverage for manufacturers and distributors of certain less hazardous chemicals, including those categorized as “environmentally green.” Claims-made coverage will be offered for all other eligible chemicals, with options for defense costs outside or inside the limits. Limits up to $10 million are available.

From new ventures to businesses with up to $50 million in revenue, General Star will offer coverage to chemical manufacturers and distributors including those seeking protection for discontinued products or operations. A broad range of chemical product types are eligible, including fine, commodity and specialty chemicals; household and commercial finished chemical products; organics, inorganics and synthetics; reference or laboratory standard chemicals; detergents, lubricants, fertilizers, soap, adhesives and paint/other coatings. Chemical research laboratories (excluding pharmaceutical research) will also be underwritten.

Underwritten by General Star’s Casualty Division, primary and excess coverage is provided on a non-admitted basis by General Star Indemnity Co. General Star is a wholly-owned subsidiary of General Reinsurance Corp., a member of the Berkshire Hathaway family of companies.

General Star Indemnity Company is an eligible surplus lines insurer in all states, the District of Columbia, Puerto Rico, and the Virgin Islands. It has the status as an unlicensed insurer in California and operates under NAIC Number 0031‐34991. Insurance is placed with the General Star Indemnity Co.by licensed producers and, for risks that qualify, by licensed surplus lines brokers. This product is not available in all states.

 

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