Services for Product Liability Underwriters

RQA can offer expert advice and services to underwriters of product liability including:

Desk top reviews and risk advice

RQA consultants write many confidential reports for underwriters.  A few examples include:

      • desktop review of the potential risks relating to supplies of products to the oil & gas with respect to product liability insurance cover
      • report outlining the product liability risks for a tier 2 automotive component supplier
      • review of product liability risks of a frozen fish processor
      • report on product liability risks for a manufacturer of cordless electrical items
      • product liability risks for power packs and electrical components
      • report on product liability risks and controls for glass manufacturer

Product liability surveys

Purpose of product liability survey:

      • To provide an assessment of risk to assist product liability underwriter
      • To identify areas of risk that should be reduced
      • To collect relevant information and data about the insured’s business
      • To validate information received by underwriter
      • Aim to schedule survey within 4 weeks of request and have report issued within 2 weeks of visit.

The survey comprises the following sections and can be customised to specific insurer requirements

    • Company details
    • Products insured “what are they and what are their applications?”
    • Components / finished products / product life
    • Sales volumes and markets (US exposure?)
    • New product development, prototypes, samples, testing
    • Who makes, designs, packs?
    • Procurement (supplier selection, liability cover?)
    • Hold harmless, limit of liability in contracts
    • Quality management systems, risk management, loss prevention
    • Packaging and labelling
    • Claims, incidents, accidents and complaints
    • Training
    • Traceability and product recall

For further details, please contact us or call us on +44(0)118 935 7242