Product Liability Insurance provides financial protection for manufacturers, importers, distributors, and retailers against legal liabilities that may arise from property damage, bodily injury, or losses caused to third parties by defective or unsafe products.
It may also cover costs associated with recalling products from the market when they pose a risk to consumers or fail to meet safety and quality standards.
In accordance with applicable legislation and international insurance practices, this product helps businesses effectively manage the operational, financial, and reputational risks associated with their products.
