About Policy :
Product Liability Insurance protects the companies exposed to risks such as manufacturing or selling of products that can be hazardous for the consumers’ health and property. The manufacturer/seller of the faulty product could be held liable for such damages, exposing them to financial losses. This insurance is designed to cover legal liability to third parties for accidental bodily injury to any person or accidental loss/damage to material property caused in connection with the Business and happening within the defined Territorial limits.
Scope of Cover
This insurance policy provides indemnity to the third party due to the Legal liability of the Insured resulting from negligence of the insured or his employees/family members causing:
- Accidental bodily injury and/or death.
- Accidental damage to property (excluding property belonging to/in the custody of/under the control of the Insured, family members or employees.
