PROCESSING RISK COVERAGE insures either the owner of the property sent to plants for processing or finishing or the processor who receives the material form its clients for a treatment during the course of manufacture. Coverage applies on a named perils basis. The policy is adaptable to a wide range of products being worked on by subcontractors. Each risk is individually underwritten based on the type of property being processed or worked on. Coverage availability is limited.
(Use ACORD Form #152)