Product Liability Insurance

Product Liability Insurance

 

The product liability insurance covers the damages caused to third parties by defective products.

The insurance covers the expenses of the manufacturer or trader for any damages caused to consumers of products and goods, which have been produced, delivered, installed, repaired or otherwise processed by the insured.

The insurer will be liable up to the actual amount of the damage but the sum shall not exceed the agreed limits of indemnity.


 

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