PRODUCT LIABILITY APPLICATION FOR MEDICAL PRODUCTS

DISTRIBUTORS

 

Applicant Instructions: Application must be signed by owner, partner or officer.  This application shall be attached to and become part of any insurance policy issued.

 

APPLICANT

A.    Full name of all entities to be insured:______________________________________________________

 

B.    Principal address:____________________________________________________________________

 

C.    Phone#:_____________________________                         Fax#:______________________________

 

D.    r Individual     r Partnership     r Joint Venture     r Limited Partnership     r Other ___________

 

E.     Years in business under present name:_____________________________________________________   

 

F.     Describe present or prior affiliation with other firms:___________________________________________

 

G.    Proposed effective date for this insurance:__________________________________________________

 

        FEIN: _______________________________ Website: _______________________________________

 

        CONTACT NAME: ___________________________________________________________________

 

PRODUCTS

A.    List all products you distribute.  For each product, list whether you are  (I) Importer, (W) Wholesaler, (MR) Manufacturers Representative, (D) Distributor.  List who you sell to:  (W) Wholesaler, (MR) Manufacturers Representative, (R) Retailer, (C) Direct to Consumer.

 

                           Product                                            Gross Sales                You Are                You Sell To

                                                                                    (Est. This Yr.)

               ________________________                _______________         ____________      _______________

               ________________________                _______________         ____________      _______________

               ________________________                _______________         ____________      _______________

               ________________________                _______________         ____________      _______________

 

B.    Gross Sales:  Last Year_______________________                     Preceding Year       _______________

                                                                                                                                         

C.    Have you discontinued or are you considering discontinuing any product to be covered by this insurance?           r Yes  r No

        If Yes, please describe fully:___________________________________________________________

 

 

 

D.    With respect to each product

1.     Do you manufacture completed products?                                                            r Yes              r No

2.     Do you import component parts?                                                                         r Yes              r No

3.     Do you export products or have foreign operations?                                             r Yes              r No

4.     Are any of your products subject to regulation by any government agency?           r Yes              r No

      Explain any “yes” answer to 2, 3 or 4 above:____________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

 

E.     Do you service, maintain or repair any products?                                                         r Yes              r No

        If yes, please explain and attach copies of contracts if applicable:________________________________

        _________________________________________________________________________________

 

F.     Do you obtain hold harmless or indemnity agreements from 

dealers, suppliers or manufacturers?                                                                             r Yes              r No

              Please attach copies

 

G.  Do you require certificates evidencing Products Liability Insurance from

              dealers, suppliers or manufacturers?                                                                            r Yes              r No

              Please attach copies

 

PROCESSING AND QUALITY CONTROL

A.          1.  Do others manufacture, assemble, package or install products under

      your name or label?                                                                                             r Yes              r No

           2.  Do you manufacture, assemble, package or install products for others

      under their name or label?                                                                                    r Yes              r No

      Please explain any “yes” answer to A.  1. or 2. above:_________________________________

_________________________________________________________________________________

 

PROFESSIONAL LIABILITY                          

        A.          1.  Do you employ any professionals, or give medical advice?     r Yes                 r No

                     2.  Do you assist in, or train others in, the use of any surgical products?              r Yes    r No

                     3.  Do you assist surgeons in operating room procedures?                                         r Yes         r No

 

CLAIMS HISTORY (attach company loss runs)

A.    Please list all claims during the past five (5) years:

 

              Policy Period                             Total Amounts Paid                        Total Amounts Reserved

        ___________________                   __________________                      _____________________

        ___________________                   __________________                      _____________________

        ___________________                   __________________                      _____________________                 ___________________                   __________________                      _____________________

 

B.    Describe, in detail, any claim in excess of $10,000:___________________________________________

      _________________________________________________________________________________   

      _________________________________________________________________________________

 

C.    Are you aware of any circumstance, which may result in a claim or suit being brought or made against the applicant or any of your employees?                                                                                           r Yes              r No

        If yes, please describe:_______________________________________________________________

        _________________________________________________________________________________

 

 

 

INSURANCE

A.    Please indicate prior insurance carried:

        Year                      Company                      Deductible/SIR               Limit Carried              Premium

___________       ____________________      ________________         _______________       _________   

___________       ____________________      ________________         _______________       _________

___________       ____________________      ________________         _______________       _________

___________       ____________________      ________________         _______________       _________

 

B.    Is your current coverage r Claims Made or r Occurrence

If you have ever carried a “Claims Made” policy please provide Retro Date:_______________

 

C.    Insurance requested:

1.     Limit of Liability:______________________________________

2.     Deductible/SIR:_______________________________________

 

D.    Has an insurer ever canceled or refused to renew your Products Liability

        Insurance?                                                                                                                 r Yes              r No

               If yes, please explain:_________________________________________________________________

               _________________________________________________________________________________

               _________________________________________________________________________________

 

Please attach Brochures, Labels, Service Agreements etc.

 

Any person who knowingly files an application for insurance or statement of claim containing any materially false information or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which is a crime and also punishable by civil penalties in certain jurisdictions.

 

If you have any questions about the form or your answers, please ask a sales representative before completing the form.

 

The questions in this application are not intended to, nor do they, indicate the existence, non-existence or limitations on any items of coverage.  This document does not in any way determine coverage provided.

 

Signature and Attestation:                                  Name (Print): ______________________________

Return To:                                                        Signature: _________________________________

VGM Insurance                                             Title: _____________________________________

A Division of DME Association, Inc.                      Date: _________/_________/_________

 

Rev.060807
 

Please Print, fill in your information, then fax to Leon P Williams: Fax: 636-537-5076