Public & Products Liability

Liabilities which arise out of one’s activities and that are likely to injure members of the public are covered in this policy. Most of these liabilities arise out of common law, tort, statute, negligence, nuisance or contract. 

An example of someone who would need this cover is a contractor who may be transporting heavy construction materials up a lift, or a crane. Such a cover would protect him should the equipment snap and cause a passerby to be injured.

Safety and reliability of products are an important concern to consumers, sellers & manufacturers. Faulty products can be hazardous for the consumers\' health & property. The manufacturer/ seller of faulty products could be held liable for such damages, exposing themselves to financial losses.

Product liability insurance protects the companies exposed to above risk by financially assisting policyholders in such situations.