Ironshore Specialty Launches Claims-Made Policy Form for Product Liability Risks

August 20, 2013

Ironshore Inc.’s Specialty Casualty unit is launching a new claims-made policy form to complement its suite of products and services available to the commercial general liability market for prospective insureds facing unique product liability challenges.

With an ISO format that incorporates many of the 2013 ISO enhancements, Ironshore’s general liability claims-made advanced form introduces a suite of endorsements, which include crisis three-sixty with recall reimbursement expense. This coverage enhancement covers up to $150,000 in expense related costs, in addition to the policy limit. It also combines crisis management and recall reimbursement, which addresses specialty risks in the commercial general liability marketplace.

The targeted industry sectors include manufacturers of products such as: industrial valves, consumer products including sporting goods, fabricated pipe and pipe fittings, mining machinery, construction equipment, pumps and pumping equipment, air and gas compressors, and motor vehicle and railroad parts and equipment.

Ironshore provides broker-sourced specialty commercial property and casualty coverages for varying risks on a global basis through its multiple international platforms.

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