Product Liability Insurance
If a product you sell or manufacture causes harm or damage, this policy helps cover legal costs and compensation claims. It’s a vital safeguard for anyone in the product supply chain, from makers to sellers.
What are the Benefits?
Covers legal and compensation costs if a product causes harm or damage. Protects your brand reputation and helps manage financial risks.
Coverage Details
What's Covered
- Injury or property damage caused by defective products
- Legal defense costs
- Compensation and settlements
- Product recall (if opted)
What's Excluded
- Intentional negligence in product design
- Damage to the product itself
- Contractual liabilities
- Costs from product warranties or guarantees
- Prior known product issues
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