Get Proposal Form For Product Liability Insurance Liability Of

This guide provides clear instructions on how to complete the proposal form for product liability insurance. By following these steps, users will be better equipped to fill out the necessary information with ease and confidence.

Follow the steps to fill out the proposal form accurately.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
2. Begin by entering your full name in the 'Name of the proposer' field. Ensure that you also list any subsidiaries and associate companies in full.
3. Provide the registered address of the proposer and the address for any subsidiaries or associate companies, if applicable.
4. Specify whether you require coverage for your subsidiary and associate companies.
5. Fill out your business address next, detailing where your business is primarily located.
6. Indicate the location from which distribution of your products is managed.
7. State how long your business has been operational in years.
8. Answer whether you manufacture the complete product or if you purchase components from other suppliers. Specify which components are purchased.
9. Confirm if the date of manufacture for each product can be identified by a factory number stamped on the product.
10. Indicate whether you have assets, representation, or operations in the USA, Canada, or any foreign countries, and provide appropriate details if applicable.
11. Answer if you have any affiliations with your suppliers or distributors.
12. Provide a detailed description of your business activities over the last three years, including estimated turnover for goods manufactured and sold.
13. List the products that will be considered for insurance, including details such as product name, annual units produced, and intended use.
14. If applicable, describe any flammable, explosive, or harmful products, and include safety precautions you take.
15. Mention any new products that will be marketed in the upcoming 12 months.
16. List any products that have been discontinued, recalled, or withdrawn in the past five years.
17. Detail the complaints and incident reporting system used in your organization.
18. Describe the quality checks, examinations, or controls carried out on your products.
19. Indicate compliance with relevant industry standards or regulations.
20. State whether your products have been subjected to any governmental inquiry regarding safety, and provide details.
21. Provide the failure rate for each product after being handed over.
22. Mention any guarantees or warranties offered for your products, including duration.
23. Specify how directions for use and hazard warnings are provided to users.
24. Submit your claims history for the last three years, including details of the number of claims and amounts paid.
25. Declare if you are aware of any incidents that may lead to a claim.
26. Indicate if your personal insurance renewal has been declined or if rates have increased.
27. Specify the limit of indemnity needed for domestic sales.
28. Indicate the voluntary excess amount for each claim that you are willing to bear.
29. Quantify sales turnover for your products over the last three years by region.
30. State how long you have been exporting to various countries and whether you require cover for these exports.
31. State if you require limited vendor’s endorsements and provide relevant contract details.
32. Confirm compliance with USA or Canadian laws for exported products.
33. Provide details regarding any power of attorney relevant to assets in the USA or Canada.
34. Fill in the desired policy period and ensure all provided information is accurate and complete.
35. After completing the form, ensure to save any changes, then download, print, or share the form as needed.

Get started on filing the proposal form online today.