View and download policies, proposal forms, detailed wordings, network hospital list etc.
See escalation matrix, send service requests, track progress, get acknowledgements etc.
Intimate claim, fill claim form, share documents, track status, get reminders etc.
Insurance recognized by investors, external agencies and international companies. Meets contractual requirements that you may have
Cost of body or property damage caused to any third party due to a defect in your product is covered. Litigation costs and court awards also covered. The damage could be anywhere. Litigation overseas can also be covered
Covers claims related to any event after the retroactive date. This is specified as the start date when the first Product Liability insurance was bought. Ensures that cases that come about several years after the incident also covered
The products being made are specified once while placing the insurance. Rates and specific terms vary by industry. Relevant most for manufacturing as well as services such as restaurants
Claims pertaining to a period before the retroactive date are not covered. If there is a break in the renewal of the insurance then the retroactive date is reset to the start date of the new insurance. We prevent this by ensuring timely renewal.
Claims that come about from an issue that was known before the insurance was bought are rejected. The insurer will cross examine the case closely to see when the company became aware of the matter. This can be addressed by clearly describing any known issues when you buy your first Product Liability insurance cover.
Product recall or product guarantees provided are excluded. Claims pertaining to repair of the defective product are also not typically paid.
Provide the completed claim form, legal notices if applicable, correspondence on the matter, estimate of legal fees, letter of subrogation. Do not admit liability without informing the insurer.
Extension to cover the US and Canadian markets available. Vendors’ liability can also be covered. An extension in the reporting period for claims also available.
Costs related to product recall, contractual product guarantees and pure financial loss not related to an injury are excluded. Repair or modifications are not paid. Nor are fines and penalties by regulatory authorities. Injury to employees or contractors is excluded.
We have specialized liability underwriters and tie-ups with international experts.
We work with all insurers to get you the best options- both in terms of price and features.
Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.
We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.
We will advice you on risk management best practices.
See all your contracts renewal information in one place. Place service requests on PAM.