General Liability and Products Liability.

Look beyond the limit

Classification, products and completed-operations coverage, territory, additional insured terms, contractual liability and exclusions can materially affect protection.

Questions to ask

• Are all products and end uses disclosed?
• Does the operation install, alter, import or private-label products?
• Are vendors and subcontractors contractually responsible for their work?
• Are recall costs, professional services or pollution excluded?

Four buckets that are often confused

Premises and ongoing operations, products and completed operations, damage to the insured’s own work or product, and professional or economic-loss allegations can be treated differently. The policy should be compared with the contracts, products and services the business actually provides.

Defense can be as important as indemnity

Review whether defense is inside or outside the limit, how deductibles or self-insured retentions apply, where suits may be brought and how additional insureds affect the available limit.