Product Liability Policy

Product Liability Policy

First Assurance shall  indemnify the insured against claims made during the period of insurance which the insured shall become legally liable to pay in respect of

  • Accidental death or bodily injury(including illness to any persons; and or
  • Accidental loss of or damage to tangible property arising from:
  1. Anything harmful or defective in any products manufactured,assembled,processed,modified,repaired,serviced,altered,labelled,handled,sold or supplied by or through the insured in the course of or in connection with the insured business
  2. The defective condition of the containers of such products

First assurance will in addition pay:-

  1. All litigation expenses incurred with the written consent of the company coverable by any claimant from the insured and
  2. All other costs and expenses incurred with the company’s consent

*subject to terms and conditions

Benefits

First assurance will pay: 1. All litigation expenses incurred with the written consent of the company coverable by any claimant from the insured. 2. All other costs and expenses incurred with the company’s consent. Terms and conditions apply.

Features

First Assurance shall indemnify the insured against claims made during the period of insurance which the insured shall become legally liable to pay in respect of:
    • Accidental death or bodily injury (including illness to any persons); and or
    • Accidental loss of or damage to tangible property arising from: 1. Anything harmful or defective in any products manufactured, assembled, processed, modified, repaired, serviced, altered, labeled, handled, sold or supplied by or through the insured in the course of or in connection with the insured business 2. The defective condition of the containers of such products.

FAQS

1. Is premium paid at the time of claim? No. Premium is paid at inception of cover. 2. What is covered in the policy? Legal fees and compensation costs if the owner is sued for injury or damage. However, the owner is likely to be liable for compensation if he/she manufactures the products sold, if the products bear the name of the business or if they have been repaired or refurbished by the business owner.