Discontinued Products Insurance
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Any business that manufactures, distributes, or imports products will at some time have a product discontinued for one reason or another. Even though these products are no longer sold, many of them will still remain in the hands of consumers many years after they were manufactured or sold. The liability that comes from these products also remains even though the product was discontinued.
Veracity Insurance Solutions provides discontinued products insurance to help businesses protect their finances even after a product is no longer sold in stores or on the company’s website. Veracity’s in-house underwriters and access to “A” rated carriers means we can can quickly put policies together that have the right safeguards in place.
Veracity has the discontinued products coverages that businesses need to protect their financial interests, and they are the solution for discontinued products insurance.
Target Classes
- Amusement Devices
- Industrial Machines
- Automobile Parts
- Marine Products
- Bicycles
- Medical Equipment
- Bio-Medical
- Metal Goods
- Contractor’s Equipment
- Mobile Homes
- Diagnostic Equipment
- Motorcycles & ATV
- Equipment and Machinery
- Furniture
- Personal Protective Equipment
Program Highlights
- Startup Operations & New Ventures Welcome
- In-House Underwriting
- Occurrence & Claims-Made Coverage Available
- Available in All 50 States
- Limits Up to $100 Million
- Worldwide Liability Coverage
- Vendors Endorsement
- Low Minimum Premiums
Why Discontinued Products Insurance?
One of the most famous examples of a recalled and discontinued product is when a leading tire manufacturer was sued when their tires were allegedly linked to five deaths. The company ended up losing over $3 billion and the tires were discontinued soon after the recall.