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Product Liability

Product Liability

A Third Party Liability Insurance policy (General Liability Insurance) will cover you for pecuniary losses made against you in the event of injury or damage to third parties or third party property arising out of your business activities.

Product Liability insurance is required by manufacturers of product parts and completed products. This type of insurance provides coverage arising from third party property damage or bodily injury from selling or manufacturing of goods or parts thereof. If you manufacture or sell goods, you may be responsible for the quality of these goods after sale, and be therefore legally liable for any damage or physical injury caused by your products.