Who need Product Liability Insurance?
If you are a manufacturer, vendor, supplier, retailer or an exporter, you are exposed to the risk of product liability claims. Product Liability Insurance will protect you against claims resulting from a personal injury or damage to property caused by your product or services to another person or business.
What is covered?
Product Liability Insurance provides cover for:-
- indemnifies the Insured against all sums which the Insured shall legally liable to pay as damages in respect of accidental bodily injury or loss of or damage to property caused by the insured products or goods
- legal costs and expenses incurred in the defence and / or settlement of claim brought against the Insured, with the written consent of the insurer
What to do in the event of a claim?
The insured shall give notice in writing to the insurance company immediately of any claim made against the Insured or the discovery by the Insured of any loss, or any circumstances of which the Insured becomes aware which are likely to give rise to such a claim or loss.
The insured shall not admit liability for or settle any claim or incur any costs or expenses in connection therewith without consent of the insurer
How to Obtain a Quotation?
Clients should complete the Product Liability Insurance proposal form in order to provide information relating to scope of services, annual fee income, claim history, etc for underwriting purposes.
If you have already completed your renewal form send it to us by fax 03-91332661 or email to email@example.com.
Or Call Patrick Low on 012-3737555 to see what we can do for you.