Gretchen Schaefer
202.833.7311
New Broadening Endorsement Available to Consumer Specialties Insurance Company Policyholders
WASHINGTON, DC (February 18, 2009) – The Consumer Specialties Insurance Company (Risk Retention Group) is expanding coverage for its liability policy with the availability of a new Broadening Endorsement.
CSI policyholders now have the advantage of adding a Broadening Endorsement to their policy. This endorsement incorporates five important coverage enhancements:
- Vendors as additional insureds written on a blanket basis
- Blanket waiver of subrogation
- Products withdrawal expense with a limit of $100,000
- Employee benefits liability coverage with limits of $1,000,000 each employee; $1,000,000 aggregate
- Limited pollution liability for a short term event subject to a limit of $100,000
“This special endorsement was developed to make it easier for policyholders to obtain these essential insurance coverages and to enhance the coverage afforded by the CSI liability policy,” said Chris Cathcart, president of both CSI and the Consumer Specialty Products Association. “We are already receiving positive feedback from the insurance agent community about the new endorsement and the value it adds to the CSI policy.”
CSI will continue to offer these coverages on an individual basis along with Non-Owned Automobile Liability, Stop Gap Liability, Additional Insured Status for Specified Relationships and Coverage for Certified Acts of Terrorism.
Consumer Specialties Insurance Co (RRG) was formed in 1987 (under the Risk Retention Act of 1986) with the assistance of CSPA. CSI is domiciled in the state of Vermont, and is regulated by the Vermont Department of Banking, Insurance, Securities & Health Care Administration.
CSI, a non-assessable Risk Retention Group, provides liability coverage for the chemical specialty industry and chemical distributors. More information is available at www.csiplus.com or by calling 866-323-2754.
CSI is the exclusive partner of CSPA, the industry’s leader for education and legislative advocacy. With CSPA membership, policyholders gain access to the support of their peers and are able to participate in Product Care®, CSPA’s popular product stewardship program that offers its members CSI premium discounts.
Other CSI highlights include:
- Commercial general liability including product and umbrella coverage
- Limits available up to $10 million
- Coverage enhancements specifically designed for the chemical industry
- Prompt and experienced claims service
- Reinsured by an A+ rated insurance company
About CSPA
The Consumer Specialty Products Association (CSPA) is the premier trade association representing the interests of approximately 250 companies engaged in the manufacture, formulation, distribution and sale of approximately $80 billion annually in the U.S. of hundreds of familiar consumer products that help household, institutional and industrial customers create cleaner and healthier environments. Our products include disinfectants that kill germs in homes, hospitals and restaurants; candles, fragrances and air fresheners that eliminate odors; pest management products for home and garden; cleaning products for use throughout the home; products used to protect and improve the performance and appearance of automobiles; and a host of other products used everyday. Through its product stewardship program Product Care®, scientific and business-to-business endeavors, CSPA provides its members a platform to effectively address issues regarding the health, safety, sustainability and environmental impacts of their products. For more information, please visit www.cspa.org.
