Product Liability Insurance Services

Covers damage arising out of a faulty product that harms someone’s life or property, and for which the manufacturer, supplier or vendor is legally liable. This policy covers all costs, including defence costs, that the insured becomes legally liable to pay for

• Accidental death/bodily injury or disease to any third party
• Accidental damage to property belonging to third party

This is applicable when the damage was caused by a defect in the product manufactured by the insured, and specifically mentioned in the policy, after the product left the insured’s premises.

Products like pharmaceuticals, automobile parts, and aviation parts can be covered under this.