Foreign Supplier Liability InsuranceSM
Foreign Supplier Liability InsuranceSM is uniquely designed for U.S.-based companies that purchase or distribute completed products or component parts from foreign suppliers. It insures both the U.S.-based company and designated foreign suppliers against product liability claims arising from the U.S. company's sale or distribution of foreign sourced or manufactured products.
Benefits:
- Domestic U.S. coverage for incidents occurring in U.S., as well as for worldwide claims brought in U.S.
- Option to include worldwide coverage for claims brought outside U.S. against U.S company, its foreign operation or designated foreign suppliers
- Simplified risk management process for foreign suppliers eliminates review process for valid certificates of insurance from foreign suppliers
- Single insurance company provides global primary product liability coverage for U.S. companies and their foreign supplier.
- Single streamlined application for domestic and international coverage
- Single global solution with coordinated policy issuance
- ACE Global Accounts
- Robust global network in more than 170 countries, skilled in effective multinational program execution, including underwriting, claims, risk control, efficient premium cessions and servicing
Coverage & Services:
- Domestic U.S. Primary and Excess Coverage
- International Coverage
- ESIS® Third Party Administered Claim and Risk Control Services