Underwriting preparation
A precise submission gives an underwriter reasons to understand the risk.
“We sell consumer products” is not enough. Strong submissions explain the product, process, controls and contracts.
Product schedule
List each product family, percentage of sales, years sold, intended use, end user, critical components, maximum unit value and potential severity if it fails.
Sales and territory
Separate domestic, Canadian and other foreign sales. Identify direct-to-consumer, distributor, retailer, government and OEM channels.
Quality controls
Describe incoming inspection, in-process checks, final testing, standards, certifications, calibration, nonconforming product procedures, complaint handling and corrective action.
Supply chain
Identify domestic and foreign suppliers, written agreements, insurance requirements, testing, audits, traceability and concentration in single-source components.
Loss and recall history
Explain incidents, circumstances, customer complaints, near misses, withdrawals and corrective action—not simply paid claims.
Product liability guidance