Product Liability
Scope of Cover
This insurance suitable for any manufacturing or industrial organization, covers Legal liability arising out of accidents due to any defects in the products sold or supplied by the Insured Legal costs, fees and expenses incurred with the prior consent of the Company.
Extensions
Exports to North America
Vendors extension clause
Exclusions
Cost, repair or replacement of allegedly defective product
Product recall
Contractual agreement liability
Any product, which is intended for incorporation into any aircraft
Financial loss or loss of goodwill
Deliberate, willful, international non-compliance of statutory provisions
Any product guarantee
Fines, penalties, punitive or exemplary damage
War and nuclear perils