Product Liability Insurance
When a product causes injury or property damage, product liability insurance can cover your legal liability and the cost of defending the claim.
Overview
Product liability insurance customized for exporters.
Policies typically cover both the cost of contesting a claim and any compensation awarded if the claim succeeds.
The policyholder can be a manufacturer (producer, processor or assembler) or a seller (wholesaler, retailer, exporter or importer).
Typical coverage
- Legal liability
- Injury to people, or damage to their property, caused by your products.
- Defense costs
- Arbitration and litigation costs that follow a claim.
- Agreed expenses
- Other reasonable costs the insurer approves in writing in advance.
Eligible insureds
- Producers
- Processors
- Assemblers
- Wholesalers
- Retailers
- Exporters and importers
Coverage is subject to the terms, conditions and exclusions of the policy issued.
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Speak with our team about product liability coverage.