Back to Products
Casualty Lines

Product Liability

For manufacturers, importers, and distributors against claims of injury or damage caused by products.

Overview

Product liability insurance protects your business if a product you make or sell causes injury to a person or damage to property.

1Who needs this?

Manufacturers
Importers
Exporters
Distributors
Retailers

What it covers

  • Legal fees and court costs
  • Medical expenses for injured parties
  • Compensatory damages
  • Product recall expenses (optional add-on)

What is NOT covered

  • Product performance guarantees
  • Contractual liability
  • Recall of products without injury/damage

Important Note: Coverage details, limits, and exclusions may vary depending on the specific policy terms, the insurer selected, and individual risk profiles. Always refer to the actual policy document for full terms and conditions.

Common Claim Scenarios

Defective Electronic Component

"A manufacturer exported electronic components that were found to be defective, causing a fire in the end-user's device. The Product Liability policy covered the damages claimed by the end-user and the legal defense costs."

Frequently Asked Questions

I only distribute, do I need this?
Yes. In many jurisdictions, the distributor can be held liable if the manufacturer is unreachable or insolvent.
Does it cover product recalls?
Standard policies don't, but 'Product Recall' can be added as an endorsement or a separate policy.
What if I export to the USA?
Exports to North America usually require a specific extension and higher premiums due to the litigious nature of those markets.
Does it cover 'Pure Financial Loss'?
Usually no. It covers physical injury or property damage. Financial loss without physical damage requires a different cover.
How is the limit of indemnity decided?
It depends on your turnover, the type of product, and the requirements of your buyers or distributors.

Other Insurance Solutions

Public Liability

Covers legal liability to third parties for death, bodily injury, or property damage at your premises.

Learn More

Employee Liability

Protects employers against legal liability for injuries or diseases sustained by employees during their employment.

Learn More

Employee Benefits

Comprehensive group insurance schemes including medical, life, and personal accident for your workforce.

Learn More
WhatsApp Kami