General Star Management Co. has added 50 classes for products liability offered by the Delegated Division, Contract P&C Unit. In addition, the gross receipts threshold for eligibility has been increased from $1.5 million to up to $5 million subject to eligibility requirements. A total of 100 classes are now available to appointed wholesale managing general underwriters.
Products liability coverage afforded by the Contract P&C Unit is targeted to manufacturers and distributors with low to medium products liability hazard exposures. There are three key features built into the protection, at no additional cost:
- $25,000 product recall expense reimbursement sublimit
- Automatic additional insured status for trade events, vendors, mortgagees/assignees/receivers
- Ability to package with the 40+ AdvantagePAC
Coverage is provided on a non-admitted basis by General Star Indemnity Co. General Star Indemnity Co., a wholly-owned subsidiary of General Reinsurance Corporation, is 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 0031-37362. Insurance is placed with the General Star Indemnity Co. by licensed producers and, for risk that qualify, by licensed surplus lines brokers.
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