PRODUCT LIABILITY INSURANCE POLICY

Product liability means liability arising out of the handling or use of the existence of any condition in or warranty of goods or products manufactured, sold, handled or distributed by the named insured, other than equipment, rented to or located for use of others but not sold after the insured has relinquished possession thereof to others and away from premises owned, rented or controlled by the insured

Liability arising from operations, if the occurrence occurs after such operations have been completed or abandoned at the place of occurrence thereof and away from premises owned, rented or controlled by the Insured, except (a) pick-up and delivery, (b) the existence of tools: uninstalled equipment and abandoned or unused materials; performed or because further operations may be required pursuant to a service or maintenance agreement.

Direct risk covered under product liability insurance

This types of policies provide cover in respect of the legal liabilities of the manufacturers, suppliers etc. And losses arising out of any defect in the product, manufactured, sold or supplied.

Remarks.

For details, please contact any of our nearest branch office