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product liability insurance 详细说明 |
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Product Description
Manufacturers, Product Designers, Wholesalers, Distributors, Retailers and anyone else involved in the product design, manufacture or supply chain has a responsibility in ensuring that the products concerned does not cause harm.
If the product does cause harm, the victim has a right to enforce his legal rights in a court of law.
Product Liability Insurance is designed to indemnify the manufacturer or supplier of the ’defective’ product against losses resulting in bodily injury or property damage arising from the use of the ’defective’ product. It also pays for the litigation costs and expenses incurred in the defence of a suit provided prior written consent of the Insurance Company is first obtained.
Generally, product liability claims arise from the following three core causes: -
Design Defect
Manufacturing Defect
Marketing Misrepresentation
Scope of Cover
Product Liaiblity Insurance is commonly written in a "Claims-Made Basis" form.
It is a liability policy, which will indemnify the Insured against all losses arising from the consumption or use of the product giving rise to the the following:
Accidental bodily injury
Accidental damage to property
Any legal expenses incurred by the Insured in defending legal proceedings with the Company’s written consent.
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本产品网址：http://www.vooec.com/sjshow_19202954/
手机版网址：http://m.vooec.com/trade_19202954.html
产品名称：product liability insurance |
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