Product Liability Insurance

Liability

Product Liability Insurance

Manufacturers, Product Designers, Wholesalers, Distributors, Retailers, and anyone else involved in the product design, manufacture, or supply chain has a responsibility in ensuring that the products concerned do not cause harm. If the product does cause harm, the victim has a right to enforce his legal rights in a court of law. 

Product Liability Insurance is designed to indemnify the manufacturer or supplier of the 'defective' product against losses resulting in bodily injury or property damage arising from the use of the 'defective' product. It also pays for the litigation costs and expenses incurred in the defense of a suit, provided prior written consent of the Insurance Company is first obtained

Product Liability Insurance is a way of protecting your business from financial loss due to legal and court costs brought on by a potential suit by one of your customers.

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