How does product recall liability policy work, and what does it cover?

Product recall is a request from the manufacturer to return a product after the discovery of safety issues or product defects that might endanger the consumer or put the maker/seller at risk of legal action. Product recall insurance is provided as an add-on to the product liability insurance policy. Product recall insurance within product liability […]

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Does Product Liability Insurance Cover Spoiled and contaminated Food?

Yes, product liability insurance policy cover spoiled and contaminated food as well. A product liability insurance policy covers the various costs which are associated with the damages, illness, or injuries, caused by your products. If you run a restaurant, grocery store or have a wholesale food business, perishable food and beverage are like your ‘food […]

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What are the duties of Insured under product Liability Insurance?

A product liability insurance plays an important role by safeguarding the business from various claims which may arise in respect of its products and services. Though the product liability insurance offers coverage; the policyholder has to discharge some duties under the policy as the following – It is necessary for the policyholder to immediately inform […]

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What is Product Liability Insurance?

A product liability insurance is a policy which indemnifies the distributor, wholesaler and retailer against various losses or damages which could arise out of the consumption or use of products manufactured, sold or distributed by them. As a manufacturer who is supplying products, you always deal with a risk that your products could cause loss […]

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