About the Service
Product liability insurance protects manufacturers and sellers against losses arising from injury or damage caused to third parties through the use or consumption of their products.
Purpose of Cover
- Protection against claims brought by customers or consumers who have suffered injury or loss as a result of defective products or inadequate services
- Mitigation of adverse reputational consequences arising from product quality claims
Insured Events
- Death or bodily injury suffered by customers or users as a result of product defects
- Property damage caused by defective products
- Legal claims brought by affected parties
Scope of Indemnity
Includes, but is not limited to:- Direct losses, including medical expenses, the cost of repairing damaged property and compensation for non-pecuniary damage
- Legal costs and expenses arising from claims
