Public & Products Liability

Public Liability is designed to meet business owner, and or any establishments exposed to legal liability that may arise due to their negligence resulting due to accidents in the course of their business activities. Products Liability arises when a manufacturer produces a faulty product resulting in the physical injury or death of the end user. Product Recall Insurance can also be taken as an extension if a batch of faulty products needs to be withdrawn from the market in order to avoid any further claims.

The insurance policy indemnifies loss or damage sustained by the third person, but the insured is legally liable to compensate damages to the third party as victim which is: compensation for accidental death of the third party, or physical injury, wounds, harm to reputation or disease to third parties or loss or damage to property belonging to third parties resulting due to an accident, including legal costs incurred with the prior consent of the insurer.