General Star Management Company has introduced new offerings that will provide underwriting enhancements to expand protection for chemical product manufacturers and distributors.
The specialty and surplus lines provider now offers coverage to chemical companies who produce less hazardous materials, such as those labeled “environmentally green,” as well as manufacturers looking to secure protection for discontinued products or operations.
The substances eligible for coverage include organics, inorganics, and synthetics, detergents, specialty chemicals, adhesives, and paint.
“We are excited to offer improved features and benefits to the chemical industry,” said Cole Palmer, Vice President and Casualty Division Manager for General Star.
“General Star is tackling another challenging class and engineering a variety of customized solutions to meet the needs of the full range of light to high hazard chemical operations, including the rapidly expanding ‘green’ chemical business,” he said.
General Star, a subsidiary of General Reinsurance Corporation and a
Berkshire Hathaway company, boasts an AA++ Insurance Financial Strength Rating from Standard and Poor’s Corporation.
“We are committed to bringing innovative surplus lines products and upgrades to market, meeting the ever-changing needs of today’s manufacturers and their distributors,” said President and CEO Robert M. Jones.
“Product liability is a key product offering for General Star, from brokerage Casualty to our delegated Contract P&C division, and we are pleased to contribute valuable solutions for tough-to-place risks in the surplus lines marketplace.”
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