Small companies typically purchase Product Liability via their primary GL policy, leaving their balance sheet exposed to product recall events.  Product Recall or Contaminated Products insurance policies are geared towards large companies who have the resources for complex applications and funds for substantial SIR’s and premiums. These up front expenses may be out of reach for smaller companies, leading to uncovered, devastating losses.

Amwins has partnered with "A" rated carriers to develop an exclusive Product Defect Insurance (PDI) product to solve this dilemma.

This product marries the coverage afforded in the two standard market forms into one straight forward policy rooted in the defect of the insured’s product. We replaced the complex application with a simple, pre-binding affidavit, greatly lowering the barriers to entry and reducing the time required to bind this coverage.

Progression of Available Solutions

PDI is the perfect substitute for the GL buyer who wants more coverage than is afforded by the standard ISO endorsement or has been discouraged by past attempts to purchase PRI or CPI.

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