Discontinued Products Coverage from Continental Risk / Continental Marine Insurance Services
Continental Risk / Continental Marine Insurance Services offers a specialized Discontinued Products insurance program designed for businesses that have permanently ceased operations but still face product liability exposures. This program is intended for manufacturers, importers and distributors whose physical products remain in the marketplace after the company has closed. It helps protect your client from third-party bodily injury or property damage claims arising from products sold before the business ended — exposures that a standard CGL no longer covers once the operations stop.
Ideal Accounts and Target Industries
This program is a good fit for closed businesses that previously manufactured, imported, or distributed tangible products. Target classes include:
- Automotive parts
- Cosmetics, skin & hair products
- Electrical equipment
- Exercise and home fitness equipment
- Furniture
- Importers & distributors
- Machinery & equipment
- Non-invasive medical products
- Sporting goods
- Toys
Example: You may have a client who sold their home fitness equipment business five years ago. They no longer operate, but their products are still used — this program can provide ongoing protection for claims that surface now from those legacy products.
Coverage Highlights and Advantages
The Discontinued Products policy bridges the gap after a business shuts down and its commercial general liability policy expires. Key features include:
- Coverage for bodily injury and property damage caused by products sold before closure
- Policy terms tailored to state-specific limitation/repose considerations
- Premium schedules that commonly decline over time to reflect reducing exposure
In practice, first-year pricing is often close to the insured’s last annual CGL premium, with subsequent years reduced (commonly 10–25% or more), allowing clients to control cost as the tail exposure diminishes.
Underwriting Notes and Minimum Premiums
Continental Risk works with both admitted and non-admitted carriers to offer flexible placement options. Underwriters will evaluate product type, historic and current claims activity, distribution channels, and applicable state law when pricing and setting terms. Minimum premiums vary by carrier and account; discuss specifics with the underwriting team when submitting a risk.
Territory and Availability
This program is available to agents and brokers in most U.S. states, including AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY. Availability and admitted versus non-admitted options may vary by state and carrier.
Why Work With Continental Risk / Continental Marine Insurance Services?
As an excess & surplus lines broker with deep experience in product liability and post-operation exposures, Continental Risk provides tailored solutions for discontinued product tails. Their access to both admitted and non-admitted markets, combined with focused underwriting on manufacturing and imported products, helps you place complex discontinued product risks more confidently and competitively.
Learn more about Continental Risk / Continental Marine Insurance Services