Product Liability for Manufacturers, Importers and Distributors
Products and completed operations coverage for anyone who makes, assembles, imports or resells firearms, ammunition, components, or defense and tactical products.
If your name goes on a firearm, a round of ammunition or a component, products liability is the coverage that matters most, and the one most often mispriced by markets that don’t write this industry.
Products is rated separately from premises, with its own aggregate limit and its own pricing for higher limits. Manufacturing carries a materially different profile than resale, and assembly from purchased receivers differs again.
What underwriters will ask
Whether you manufacture receivers or purchase them, whether serial numbers and your name appear on the finished firearm, whether you test-fire after assembly, and whether you pay federal excise tax. Have those answers ready and the submission moves faster.
Importers and resellers should expect questions about additional insured status on the foreign manufacturer’s policy and whether certificates are refreshed annually.
- [01]General LiabilityPremises and products liability written for ranges, retailers, gunsmiths, manufacturers and defense contractors, by people who understand the exposure.
- [02]PropertyBuildings, business personal property and business income, with the inventory, storage and security realities of an FFL taken seriously.
- [03]Excess & UmbrellaAdditional limit above your primary general liability, for contracts, landlords and events that demand more than a $1M occurrence limit.