PRODUCT LIABILITY INSURANCE
PRODUCT LIABILITY INSURANCE
No business owner ever knows when a product may fail. Whether you’re a manufacturer, a vendor, a supplier or an exporter, you are exposed to the risk of product liability claims.
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 its use, in the event the victim enforces his legal rights.
For examples:-
- A customer harms herself because of the faulty packaging on one of your products.
- A drapery set that a customer purchased from your business was highly flammable and caught on fire, eventually damaging her entire kitchen.
- A customer becomes sick with food poisoning after eating a meal at your restaurant, goes to the hospital, and incurs medical costs caused by your contaminated food products.
This policy covers:-
- Bodily injury
- Damage to property
- Legal expenses incurred in your legal proceedings
This insurance covers legal and court costs of defending any claims of bodily injury, property damage, or financial losses caused by your product.
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NLA aims to get you the best insurances services
NLA was established in 1986.
We specialize in Corporate Employee Benefits, General Insurance & Motor Insurance solutions
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