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...lable on admitted and non-admitted paper where permissible.
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https://completemarkets.com/company/veracityinsurance/discontinued-product-liability/
Veracity Insurance Solutions, LLC offers a specialized Discontinued Products Liability program designed specifically for businesses that have ceased manufacturing or distributing products but still face long-tail liability exposures. Whether your client’s product line was phased out due to a merger, acquisition, restructuring, or business closure, liability risks don’t disappear when product sales stop.
This program helps isolate and protect against claims that may arise years after a product has been discontinued. Veracity understands these unique exposures and provides tailored policies to help ensure that your clients' past business decisions don’t jeopardize their future.
Ideal Accounts and Appetite
This program is an excellent fit for:
Manufacturers and distributors that have sold or retired product lines
Companies undergoing mergers or acquisitions where legacy liability remains
Businesses exiting a market or industry but needing continued liability protection
Private equity firms or parent companies that have divested product-based subsidiaries
For example, you might have a client who used to manufacture household appliances but sold the business five years ago. Even though they no longer produce the product, claims related to past units can still arise. This program helps address those exposures.
Coverage Highlights and Advantages
Coverage tailored specifically for discontinued products
Protection from liabilities stemming from past operations
Customizable policy terms and limits
Available for a wide range of industries and product types
Support for complex risk scenarios, including prior sales and legacy exposures
Underwriting Notes and Minimum Premiums
Minimum premiums vary depending on factors such as product type, historical claims, and number of years since discontinuation. Veracity works with multiple carriers to find the right fit for each account, including non-admitted options when required.
Underwriting considerations may include product lifecycle, historical loss data, distribution geography, and risk transfer needs. Submissions should include product descriptions, sales history, and any prior coverage details.
Territories and Availability
This program is available in all 50 states and Washington, D.C., including but not limited to CA, TX, FL, NY, IL, and WA. Veracity's broad state availability ensures that agents can place accounts nationwide with confidence.
Why Work With Veracity Insurance Solutions
Veracity Insurance Solutions is a Managing General Agency and Excess & Surplus Lines Broker with deep expertise in niche liability products. Their Discontinued Product Liability program reflects their commitment to solving complex, underserved risk needs. With access to multiple carriers and flexible underwriting, Veracity helps agents provide tailored solutions for clients with legacy product exposures.
You can rely on responsive service, market access, and experienced underwriters who understand the nuances of discontinued products. Let Veracity help you protect your clients’ past business achievements with forward-looking risk solutions.
Frequently Asked Questions
What types of accounts are a good fit for this program?Companies that have discontinued manufacturing or distributing products—such as through a merger, acquisition, or business closure—are ideal candidates.
Is there a minimum premium for this coverage?Minimum premiums vary by account and are based on factors such as product type, sales history, and risk profile. Contact Veracity for a customized quote.
Can this coverage apply to products discontinued several years ago?Yes. The program is designed to cover liabilities associated with products no longer in production, regardless of how long ago they were discontinued.
Is this program available in all states?Yes, the program is available in all 50 states and Washington, D.C.
What information is needed for a submission?Typical submissions include product descriptions, historical sales data, prior coverage history, and details of any known claims or liabilities.
Need help placing an account? Connect with a market specialist.
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