Products Liability Coverage from AI Risk
AI Risk provides a Products Liability program tailored for manufacturers, manufacturer representatives, and wholesale distributors with annual revenues up to $50 million. The program is underwritten by AIG and is designed for accounts with relatively clean loss histories and sound risk controls. Whether the account is a startup component maker or an established industrial machinery producer, AI Risk pairs niche underwriting expertise with fast, practical service to help you place quality business.
Ideal Accounts and Appetite
This program favors accounts that demonstrate strong product safety practices and limited prior liability losses. Preferred classes include:
- Manufacturers and distributors of electronic components
- Short shelf-life consumer products
- Non-critical automotive parts
- Plastic or rubber goods manufacturers
- Non-powered hand tools
- Industrial machinery and casting manufacturers
- Machine shops, non-pressurized valves, and pump manufacturers
Accounts with occasional moderate losses may still be considered if the product, safety measures, and distribution controls support acceptable risk. This market is generally not for high-hazard, life-safety, or mission-critical products, although borderline submissions can be reviewed on a case-by-case basis.
Coverage Highlights and Advantages
AI Risk offers primary Products Liability coverage using ISO-based forms, available on either an occurrence or claims-made basis depending on the insured's needs and risk profile. Coverage can be structured to follow products through manufacturing, distribution, and into end-use.
Coverage is backed by AIG, providing strong financial capacity and global claims expertise. AI Risk’s underwriting team brings focused product knowledge and quick responsiveness to help you place business efficiently.
Underwriting Notes and Minimum Premiums
Minimum premium for this program starts at $10,000. Each account is reviewed individually with attention to product details, loss history, documented safety controls, quality assurance procedures, and distribution channels. AI Risk collaborates with agents to clarify submission requirements and to ensure timely underwriting decisions.
Territories and Availability
This program is available in all 50 states and the District of Columbia. AI Risk can provide consistent coverage solutions for regional or national operations.
Why Work With AI Risk?
As both a managing general agency and a carrier partner, AI Risk combines the underwriting agility of a specialty team with the financial strength of AIG. Their focus on small- to mid-size manufacturing and distribution risks lets them move quickly on qualified submissions while offering customized terms when appropriate.
Examples of accounts that can be a good fit: you might have a client that manufactures custom plastic components for industrial equipment with a clean loss history and robust QA processes; or a regional distributor of non-powered hand tools expanding into new states. Those types of risks are well-aligned with this program.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Accounts with up to $50 million in revenue—especially manufacturers and distributors of non-critical products such as electronic components, hand tools, and industrial machinery—are primary targets for this program.
Is this program available in all states?
Yes. AI Risk’s Products Liability program is offered in all 50 states and the District of Columbia.
What is the minimum premium for this coverage?
The program has a minimum premium starting at $10,000. Final pricing is determined after underwriting review of the risk characteristics.
Which carrier backs this program?
Coverage is underwritten by AIG, providing strong financial backing and global liability expertise.
Can claims-made coverage be offered?
Yes. Both occurrence and claims-made forms are available to accommodate the insured’s needs and exposure profile.
Need help placing an account? Connect with a market specialist.