Question

Do i need product liability insurance?

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23rd Feb 2011 by admint

a. A product liability insurance is an insurance coverage that protects an individual and its business from the financial risk of being found liable to a death or injury, loss or damage of property or pure economic loss of a third party individual resulting from negligence of the business owner. It is advisable for those individuals who sell, supply or deliver goods even in the form of repair or service to purchase coverage of Liability insurance. This would cover them from claims that their goods caused death, injury or damage to another business or person because of the failure of the product they sold.

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26th Nov 2009 In Insurance 1 Answers | 538 Views

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