Product liability insurance
Product liability insurance protects the business from claims related to the manufacture or sale of products, food, medicines or other goods to the public. It covers the manufacturer's or seller's liability for losses or injuries to a buyer, user or bystander caused by a defect or malfunction of the product, and, in some instances, a defective design or a failure to warn. When it is part of a commercial general liability policy, the coverage is sometimes called products-completed operations insurance.
Product Liability is specifically designed for product manufacturers, wholesalers and retailers. The policy protects the client's legal liability against bodily injury or property damage to a third party (users of the product under most circumstances) in connection with the use of the product (including its packing).
Authorities of some developed countries such as USA and Canada demand importers to arrange and produce an appropriate product liability policy before issuing of the relevant import permit.
Our well-versed experts have extensive knowledge in this product including product features and claims handling. Most importantly, we possess well-established networks and connections with the market leaders providing the product. We will be of your greatest assistance in providing professional advice for the insurance arrangement that will best fit your needs.
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