General Star Management Company announced underwriting enhancements for chemical product manufacturers and distributors.
For the first time, General Star will offer occurrence form coverage for manufacturers and distributors of certain less hazardous chemicals, including those categorized as “environmentally green.”
Claims-made coverage will be offered for all other eligible chemicals, with options for defense costs outside or inside the limits.
From new ventures to businesses with up to $50 million in revenue, the company will offer coverage to chemical manufacturers and distributors including those seeking protection for discontinued products or operations. A broad range of chemical product types are eligible, including fine, commodity and specialty chemicals; household and commercial finished chemical products; organics, inorganics and synthetics; reference or laboratory standard chemicals; detergents, lubricants, fertilizers, soap, adhesives and paint/other coatings. Chemical research laboratories (excluding pharmaceutical research) will also be underwritten.
Limits up to $10 million are available.
Source: General Star Management Company
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