Public Liability

Product Liability Insurance shields businesses against risks associated with producing or marketing goods that may be harmful to customers’ health or property. Such damages may be levied against the manufacturer/seller of the defective product, putting them at risk of financial loss.

This insurance is intended to protect against third-party legal liability for unintentional personal injury to any person or unintentional loss or damage to tangible property that arises from business operations and occurs within the designated territorial limits.

Product Liability Insurance shields businesses against monetary losses resulting from the sale or production of defective goods that endanger the property and health of customers. Third-party liability for unintentional physical harm to individuals or unintentional loss or damage to tangible assets resulting from business operations within the designated boundaries

Due to the nature of their work, professionals in fields like engineering and other consulting are always vulnerable to legal action. In court disputes involving consultants in a variety of professions, litigants have been granted enormous sums of money. Because of this, many experts turn to insurance firms again to shield themselves from court cases.

The rate that must be paid is determined by the amount of indemnity, turnover, and the kind of activities that the insured is engaged in. It is highly contingent upon the sort of job, risks, and exposure that are involved.

Covers all amounts for which the insured becomes legally liable to a third party as damages for mistakes and/or omissions made by the insured while providing professional services. These amounts result from written claims made against the insured during the policy period, and include legal fees and expenses incurred with the insurer’s prior approval, subject to the policy’s limit of indemnity and other terms and conditions.

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