Solvent-based products affect property rating and may drive storage requirements.
Disclose them. Volume commercial sales expand your product exposure.
Yes. Product liability names retailers for defect and reaction claims.
Yes. Mis-tinted product causing loss, and chemical exposure to staff, are both real claims.
Discuss it. Solvent storage and disposal can fall outside general liability's pollution exclusion.
Fraud is a crime
If your application contains purposefully misleading, absent, or inaccurate information, you could be charged with fraud. Your insurance carrier could potentially void your policy, or you could face civil or criminal charges or penalties.
Any person who knowingly and with intent to defraud any insurance company or other person, 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 act, which is a crime.
