Overview of the Product Liability Program from Bailey Special Risks, Inc.
Bailey Special Risks, Inc. offers a specialized Product Liability program designed to help agents and brokers place coverage for a wide range of manufacturing and distribution clients. As a wholesale broker with access to multiple top-tier non-admitted carriers, including Colony Insurance Company and Evanston Insurance Company, BSR provides flexible, competitive solutions tailored to the unique exposures of product manufacturers and importers.
Ideal Accounts and Appetite
This program is well-suited for both established and newly formed companies involved in the manufacturing, distribution, or importing of products. BSR has a broad appetite and welcomes submissions across most product classes—ranging from consumer goods and electronics to industrial equipment and nutritional supplements.
Accounts that typically fit well include:
- Start-up manufacturers launching new consumer products
- Importers of household electronics or tools
- Distributors of industrial or commercial-grade equipment
However, please note that risks involving latex glove manufacturing or tobacco products are not eligible under this program.
Coverage Highlights and Advantages
- Claims-made product liability form
- Limits up to $5 million available
- Access to experienced underwriters with deep product liability knowledge
- Flexible underwriting for newly formed entities and harder-to-place risks
- Non-admitted market access through strong carrier partners
Underwriting Notes and Minimum Premiums
Minimum premiums for this program start at $5,000, plus applicable fees and taxes. BSR evaluates each submission carefully, considering the nature of the product, distribution channels, and claims history. They are especially open to reviewing newer ventures, provided there is adequate detail and risk management in place.
Territories and Availability
This Product Liability program is available to agents and brokers placing business in the following states: AL, AR, CA, CO, FL, GA, ID, IL, IN, KS, KY, LA, MD, MA, MI, MS, MO, NJ, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WV, WI, and WY.
Why Work With Bailey Special Risks, Inc.
Bailey Special Risks, Inc. brings decades of experience in placing complex product liability risks in the surplus lines market. Their team provides hands-on underwriting support and fast turnaround times, helping agents secure tailored coverage for clients who may not fit standard markets. With strong carrier relationships and a flexible approach, BSR is a reliable partner for brokers seeking solutions for both routine and challenging product risks.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include manufacturers, importers, and distributors of consumer goods, industrial products, tools, and nutritional items. Start-up operations are welcome.
Are there any classes of business that are excluded?
Yes. This program does not cover manufacturers of latex gloves or any tobacco-related products.
Is this a claims-made policy form?
Yes, the coverage is offered on a claims-made basis, which is standard for product liability lines.
Which carriers are used for this program?
Bailey Special Risks works with leading non-admitted carriers such as Colony Insurance Company and Evanston Insurance Company, among others.
What is the minimum premium for this coverage?
Minimum premiums start at $5,000, plus applicable fees and taxes. Actual pricing depends on the risk profile and coverage needs.
Need help placing an account? Connect with a market specialist.