Account brief
What to know
- Liability starts with the alleged event
- Describe who did what, where it happened, whether a product had left the insured's control, what injury or damage is alleged, and which contracts or additional-insured relationships are involved.
- Property and interruption require two schedules
- The property schedule should identify buildings, improvements, equipment, plants, stock, work in process, finished goods, ownership, location, and valuation.
- Product risk extends beyond the item sold
- Formulation, ingredients, manufacturing, testing, labeling, marketing, distribution, complaints, contracts, traceability, and recall decisions all belong in the product discussion.
On this page 4 sections
Liability starts with the alleged event
General liability and product liability labels do not replace the fact pattern or policy wording.
Property and interruption require two schedules
The interruption schedule should identify critical utilities, equipment, suppliers, laboratories, licenses, repair or replacement time, and the operational path to recovery.
Product risk extends beyond the item sold
Product liability, recall expense, contamination, property, cyber, and professional forms can address different exposures.
Build one handoff for the coverage conversation
That handoff gives the broker enough context to separate liability, property, interruption, and product questions while keeping the account facts consistent across the review.
- List the entities, locations, activities, products, and contracts involved
- Attach property, equipment, inventory, revenue, payroll, and vehicle schedules
- Describe the event or loss scenario the insured wants to address
- Identify critical suppliers, laboratories, utilities, platforms, and customers
- Provide current applications, policies, endorsements, loss runs, and open claims
- Write down the requested decision and the policy terms that need comparison