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Product liability

Scope of cover

The policy offers to indemnify the legal liability that you incur as a result of bodily injury or property damage caused by the use of your products after they are sold or supplied.

How to choose the sum insured

The sum insured must be chosen taking a worst case scenario including the number of persons who could be injured or who could contract illness or disease after the use of the products. In case of exports, adjustments must be made in keeping with local laws. To the maximum possible legal liability that you may incur, please add the possible legal expenses that will be incurred since the sum insured includes legal costs.

The full range of benefits available under the policy is detailed therein and is subject to the terms, conditions and exclusions applicable to the cover. A copy of the policy wording is available on request, and will be sent to you upon the acceptance of your proposal.
Extensions
 
  • The policy can be extended on payment of extra premium to include The legal liability of named technical collaborators. The coverage offered is the same as the coverage to you.
  • Liability to your vendors. The coverage under this section will not apply if the vendor changes the product or fails to maintain the product in merchantable condition or if the product is relabelled.
  • Liabilities arising in the United States of America and Canada. The coverage under this extension does not include awards and damages of a punitive or exemplary nature such as fines and penalties.
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Exclusions
 
  • The policy does not cover product liability or costs arising out of:
    Costs incurred in repairing products
  • Costs incurred in recall of products
  • Any product used as part of an aircraft
  • Deliberate non-compliance with any statutory provision
  • Loss of goodwill or loss of market
  • Fines, penalties, punitive or exemplary damages
  • War risks, nuclear risks
  • Property belonging to you or held in trust
  • Claims arising out of contract of employment
  • Contractual liability
  • Product Guarantee
  • Failure of goods to fulfil intended purpose
  • A contract of employment or apprenticeship
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