Safety and reliability of products are an important concern to consumers, sellers and manufacturers. Faulty products can be hazardous for the consumers' health and property. Business is an inherently risky proposition, as a manufacturer/trader you can fall victim to complicated and expensive law suits due to a possibility that your product could cause damage to a third party. The manufacturer/ seller of faulty products could be held liable for such damages, exposing themselves to financial losses.
This policy covers claims, which the insured becomes legally liable to pay to third parties as a result of bodily injury or property damage arising out of the use or consumption of products manufactured, sold and /or distributed by the Insured.
The policy covers all sums (including defence costs) which the insured becomes legally liable to pay as damages as a consequence of:
On payment of additional premium, the following coverages may be selected:
This policy does not cover liability arising out of or in connection with: