Product liability
insurance policy is available to protect you against legal
liability arising out of the use of your product by third
parties resulting in:
Accidental
death injury
Loss of property
Exclusions
The policy does
not cover product liability or costs arising out of:
Costs incurred
in repairing products
Costs incurred in recall of products
Any product used as part of an aircraft
Deliberate non-compliance with any
statutory provision
Loss of goodwill or loss of market
Fines, penalties, punitive or exemplary
damages
War risks, nuclear risks
Property belonging to you or held
in trust
Claims arising out of contract of
employment
Contractual liability
Product Guarantee
Failure of goods to fulfil intended
purpose
A contract of employment or apprenticeship
Extensions
The policy can be extended
on payment of extra premium to include The legal
liability of named technical collaborators. The
coverage offered is the same as the coverage to
you.
Liability to your vendors. The coverage
under this section will not apply if the vendor
changes the product or fails to maintain the product
in merchantable condition or if the product is relabeled.
Liabilities arising in the United
States of America and Canada. The coverage under
this extension does not include awards and damages
of a punitive or exemplary nature such as fines
and penalties
Premium Calculation
Products 