General Star Management Co. has added product liability coverage to its suite of delegated authority product offerings. The new product liability feature consists of 50 classes and will be immediately accessible to all appointed contract P&C wholesale brokers. Expansion to additional product liability classes is anticipated.
The new coverage is targeted for manufacturers and distributors with low to medium product hazard exposures. Accounts with gross receipts up to $1 million are eligible for the protection. General Star’s Innovation Team, consisting of five appointed wholesale broker clients, GSM underwriters and staff, designed this product to meet customer demand and to complement existing General Star product offerings.
Underwritten by General Star’s Contract P&C Division, the new product offering 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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