Specialty Risk Protector® Manufacturer’s Errors & Omissions Coverage
Manufacturers are challenged to produce new and innovative products more efficiently than ever. In a competitive environment, the likelihood of developing products that could cause financial loss to others is increasing. Even when no bodily injury or property damage occurs, the financial loss – and the chance of a parts manufacturer facing a costly claim because of that loss – can be very real. General liability (GL) policies are not intended to address the financial losses a manufacturer’s part causes to a third party, absent bodily injury or property damage. Manufacturer’s Errors & Omissions (E&O) Coverage, an endorsement to Specialty Risk Protector®, fills this critical coverage gap. Provided in conjunction with our GL policy, Manufacturer’s E&O is expressly designed to respond to claims arising when a negligent act, error or omission in the insured’s manufacturing services results in an impaired product. With Manufacturer’s E&O Coverage provided hand-in-hand with our GL policy, policyholders have the peace of mind of knowing that underwriting and claims are closely coordinated across two critically necessary lines.