What covers the Products Liability Insurance

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Insurance Liability Product is intended to cover property damage and / or personal injuries caused to third defect in the product manufactured. This product may be final or semi-finished product for use in new manufacturing process.

For the insured is covered for damage caused by product defect, the insurer must provide all the technical elements of the product concerned. Insurers have their own questionnaires for this purpose. Once the insurer accepts coverage, it is safe.

Is it possible to cover events with retroactivity and after the term of the policy, provided that that is mentioned in the policy.

Retroactive cover – covers claims made ​​during the policy period, but occurred in a period prior to the start of insurance coverage and if the policyholder or insured did not have knowledge of the facts before the start date of the policy. The retroactive period will have to come mentioned in the policy.

Posterior Coverage – covers claims incurred during the policy period, but claimed during a subsequent properly defined in the policy.

The date of participation of a claim to determine if the loss is guaranteed by the policy taking into account the above, shall be the date of first communication made to the Policyholder insured or the insured event occurs.

Inclusion of new products or change products

Whenever there are changes in products already in the insurance policy or introduction of new products, this should be reported to the insurer and accepted by otherwise there is no coverage for damage.

Who can hire this safe?

- Manufacturers of finished products, raw materials or components or assemblies for use in manufacture of final products.

- All entities importing products, process and distribute them within their business or to consumers or other entities that use the product as a component of another product to manufacture or assemble.