The Proof Is in the Coverage
Because a business is only as good as its reputation, you may want to rethink your need for Manufacturers Errors & Omissions (E&O) coverage. The podcases below help explain how E&O can provide protection where general and product liability can’t.*
So sit back, listen in, then judge for yourself.
Contact your Travelers representative for more information.
*The stories told here are reflective of the purpose and intent of E&O coverage and based on true case scenarios, but are partially fictionalized for anonymity and confidentiality.
Please note, this material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.
CASE 001
CASE 002
CASE 004
CASE 003
Making the Case
For Manufacturers E&O Coverage
Case of the Misfit Merchandise
The Gilmore brothers didn’t anticipate that misfit gumballs could cause such misfortune. Could Manufacturers E&O protect the business and brand they’d built for 30 years?
TRANSCRIPT
CLOSE
TRANSCRIPT
CLOSE
A new conveyor belt system paired with a too-tight cap could cost a grocery chain a good chunk of its seasonal profits. But could it cost a family their American dream?
Case of the Corrupted Caps
TRANSCRIPT
CLOSE
When profits, contracts and credibility are lost, there could be a lawsuit coming.
Is it possible to make right when this much goes wrong?
Case of the Spotty Specs
TRANSCRIPT
CLOSE
Winter weather, the holiday rush and a fiery furnace could potentially put PDC Plastics in a tough spot. Could it survive the storm?
Case of the Warped Wrappers
So sit back, listen in, then judge for yourself.
TRANSCRIPT
CLOSE
TRANSCRIPT
CLOSE
TRANSCRIPT
CLOSE
A new conveyor belt system paired with a too-tight cap could cost a grocery chain a good chunk of its seasonal profits. But could it cost a family their American dream?
Case of the Corrupted Caps
When profits, contracts and credibility are lost, there could be a lawsuit coming. Is it possible to make right when this much goes wrong?
Case of the Spotty Specs
Winter weather, the holiday rush and a fiery furnace could potentially put PDC Plastics in a tough spot.
Could it survive the storm?
Case of the Warped Wrappers
PODCASES
Myth vs. Fact
While Manufacturers E&O coverage has been around for a while, there are still many common misperceptions.
Let us help you better understand what’s myth and what’s fact.
Contact your Travelers representative for more information.
*The stories told here are reflective of the purpose and intent of E&O coverage and based on true case scenarios, but are partially fictionalized for anonymity and confidentiality.
Please note, this material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.
Making the Case
For Manufacturers E&O Coverage
“My Commercial General Liability coverage will take care of all claims by third parties for product defects.”
“If the loss was not
my company’s fault, my company’s reputation
is not at risk.”
“I don’t need additional insurance coverage.
My airtight contracts will protect me financially.”
“We’ve never had a
product defect, so this coverage won’t set my company apart.”
A Commercial General Liability policy covers claims for bodily injury and/or property damage. Manufacturers E&O is an additional policy that covers the two main risks faced by most businesses: damages caused by an alleged product or work defect, and any related litigation expenses. It can help protect your business from a customer's financial loss while also protecting its brand and reputation.
CLOSE
FACT
CLOSE
One of the greatest risks your business can face is reputational harm. This risk increases if you are accused of or sued for breach of contract, delay in delivery, defective products and more. Even the smallest error can trigger a chain reaction that can cause a loss of both money and potential business. Your business and reputation can still be impacted by the disruption of legal action and the potential judgment, even if your business wasn't at fault.
FACT
CLOSE
Contracts are necessary to running your business but, in reality, contracts are challenged in court all the time. In fact, the number of legal challenges in the manufacturing industry continues to rise. Even seemingly rock-solid agreements take considerable time and cost to be defended. Not only are there legal fees but other costs, like experts that are part of the litigation process. Manufacturers E&O insurance can help cover these litigation costs and help you enforce contract terms.
FACT
CLOSE
While Manufacturers E&O isn't required the same way that Workers Compensation is, this coverage is increasingly being required by some contracts with customers and is often added as a contractual obligation. With the changing environment and new requirements by customers in the supply chain, your business may have a competitive advantage in securing new business by having this coverage already in place.
FACT
Please note, this material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.
*The stories told here are reflective of the purpose and intent of E&O coverage and based on true case scenarios, but are partially fictionalized for anonymity and confidentiality.
Contact your Travelers representative
for more information.
CLOSE
FACT
CLOSE
FACT
CLOSE
FACT
MYTH VS. FACT
