Product Liability Insurance

Business is an inherently risky proposition, as a manufacturer/trader you can fall victim to complicated and expensive law suits due to a possibility that your product could cause damage to a third party. This policy covers claims, which the insured becomes legally liable to pay to third parties as a result of bodily injury or property damage arising out of the use or consumption of products manufactured, sold and /or distributed by the Insured.

Key Features

Vendor’s Liability Extension

Cover for exports when domestic turnover is also covered.

Technical Collaborators Liability Extension

Coverage for defense cost incurred with prior consent

Benefit of Retroactive Date

Key Exclusions

Costs arising out of recall of any product

Deliberate, willful or intentional non-compliance of any statutory provision.

Arising out of pure financial loss

Arising out of fines, penalties, punitive and/or exemplary damages