A Constellation of Resources for Wholesale Brokers
A Constellation of Resources for Wholesale Brokers
 
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Carly Kuzma
A Constellation of Resources for Wholesale Brokers
 
Rotating Employee Portrait
Carly Kuzma

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Discontinued Products Liability is Here

Discontinued Products Liability Coverage

What happens when your clients who manufacture, distribute, sell or handle products win the lottery, retire, or move on to new ventures? While the door to their business may be closed, their products may remain in the marketplace for many years. These clients can still be held liable for property damage or bodily injury claims long after the business has discontinued operations. 
 
Vela has seen an increase in mergers & acquisitions, particularly with industrial manufacturers. This activity is driven by both strategic and financial buyers looking to diversify and grow their business. This, coupled with the demographics of Baby Boomers looking to sell their business and retire, has created a very strong demand for Discontinued Products Liability Insurance. 

Discontinued Products Liability Insurance coverage is provided by Vela's experienced and highly-trained underwriters and risk specialists. Our staff is able to think independently and can custom-tailor coverage to the unique situations presented by each risk.​
9/11/2017

Products and services described above are provided through various surplus lines insurance company subsidiaries of W. R. Berkley Corporation and offered through licensed surplus lines brokers. Not all products and services may be available in all jurisdictions, and the coverage provided by an insurer is subject to the actual terms and conditions of the policies issued. Surplus lines insurance carriers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy issued. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.

Vela Insurance Services conducts business as Vela Insurance Services, LLC in California as a licensed surplus lines broker

(License Number 0C94218).