Every business that produces, distributes, imports or represents a product is liable for damages that may be caused by the use of its products to third parties - whether they are natural persons or another business (intermediaries, suppliers, etc.).
Your business can produce or market the most successful and popular product. However, its misuse or any unpleasant consequences that result from it, are beyond your control and difficult to predict.
So you need to protect the image and name of your business with a modern security program.
Defective Product Liability Insurance provides many important benefits:
- Claims due to damages to third party assets/ property losses.
- Claims due to bodily harm to third parties.
- Protection of financial results
- Coverage in an unknown legal environment
- Added value for your profile
