Client: A Pasadena-area cosmetics manufacturer · Coverage: Commercial Package — GL increased from $1M/$2M to $2M/$4M; Additional Insured – Primary & Noncontributory · Status: Bound
The problem
A new licensing agreement required $2M per occurrence, but the policy carried $1M/$2M. Separately, a vendor required primary and noncontributory additional insured wording on the certificate.
How Pierce helped
- Renewed the package (GL + property) at a lower premium after a market rate decrease
- Got carrier approval to amend the current policy mid-term rather than rewrite it
- Processed the limit increase to $2M/$4M for a $1,300 additional premium
- Issued the Additional Insured – Primary & Noncontributory endorsement and explained in writing how it modifies 'Other Insurance'
The result
Limits were increased to $2M per occurrence / $4M aggregate, and the vendor certificate with primary and noncontributory wording was approved and delivered.
Why it worked
Endorsing the existing policy met the licensing requirement quickly and for less than a new policy would have cost.
Related coverage
Manufacturers & Product Liability Insurance · General Liability Insurance · Commercial Property Insurance · Request a Certificate of Insurance
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Client names and identifying details are withheld for privacy. This story is based on an actual account handled by our agency, as documented in our files. Coverage, pricing and results for your business depend on your own details.