Our Product Liability Cover protects manufacturers, sellers, vendors and distributors from legal liabilities arising from placing defective products or merchandise into the marketplace.
This coverage ensures financial protection against claims of bodily injury or property damage caused by defects in products.
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Scope of Coverage
Product Liability Insurance covers financial damages resulting from
Manufacturing Production Flaw
Design Defect
Defective Warnings or Instructions
Strict Liability
Marketing and Distribution
Cover Benefits
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Legal Fees
Coverage for legal defense costs incurred by the insured in defending against liability claims
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Medical Costs
Compensation for medical expenses incurred by injured parties due to the defective product
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Compensatory Damages
Financial compensation awarded to injured parties for damages suffered due to the defective product
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Business Damages
Coverage for financial losses suffered by businesses as a result of product liability claims
Additional Considerations
Risk Management
Implement quality control measures and thorough product testing to minimize the risk of product defects and liability claims.
Compliance
Our comprehensive coverage and expert risk management services ensure that your business is protected against the financial consequences of product-related liabilities.