The responsibility of manufacturers of goods to pay for harm to purchasers (and sometimes other users or even bystanders) caused by their defective products. Class
When an injury is sustained as the result of a defective or unreasonably dangerous product, the injured is entitled to claim damages against the people or entities responsible for manufacturing the product or putting the product into the stream of commerce.
This would cover an organization against any financial loss arising out of the legal liability incurred by a manufacturer, merchant, or distributor of a product. This usually complements general liability coverage and provides outstanding protection for a company.
Law that holds manufacturers, wholesalers, and retailers responsibility for the safety and quality of their products.
A generic term used to describe the responsibility on a producer or others to make restitution for loss related to personal injury, property damage or other harm caused by a product or service. Liability is defined by law so that it may vary from country to country according to national legislation.
Providing an indemnity for legal liability arising from products sold or supplied or services given or work undertaken in the course of your business. Frequently automatically included on small package policies for retailers, hoteliers, small builders and the like.
Legal liability incurred by a manufacturer, merchant, or distributor because of injury or damage resulting from the use of its product.
Liability of a manufacturer or seller of a defective product for any injuries or damages suffered as a result of the defective product.
The liability of anyone involved in the design, manufacture and marketing of a product for damages caused by the product.
The liability that a merchant or a manufacturer may incur as the result of some defect in the product sold or manufactured.
the obligation of a producer to compensate the victims of a defective product that has injured them
Legal responsibility of manufacturers and sellers to buyers, users, and bystanders for damages or injuries suffered because of defects in goods.
A legal term in tort law that means consumers can sue manufacturers, distributors or retailers for defective or unsafe products
principle of statutory and/or common law that holds a manufacturer responsible without regard for negligence if the product is defective
insurance that covers a business for damage or injury caused to another business or person, through the failure of a product sold by that business.
Damages arising from the use of an unsafe product.
A type of strict liability in which the manufacturer or seller is strictly liable for injuries caused by defective products.
Type of tort or civil liability that applies to product manufacturers and sellers.
The risk a manufacturer assumes when there is a chance that a consumer could be injured by the manufacturerâ€(tm)s product.
Holds the manufacturer, distributor, wholesaler, or retailer responsible for injuries suffered as the result of a defective product. See more product liability information.
The liability for bodily injury or property damage a merchant or manufacturer may incur as a consequence of some defect in the product sold or manufactured.
A section of tort law that determines who may sue and who may be sued for damages when a defective product injures someone. No uniform federal laws guide manufacturer's liability, but under strict liability, the injured party can hold the manufacturer responsible for damages without the need to prove negligence or fault.
A generic term used to describe the onus on a producer or others to make restitution for loss related to personal injury, property damage or other harm caused by a product or service. Products liability refers to the legal liability of manufacturers and sellers to compensate purchasers for damages, injuries, or death caused by defects in the products purchased.
liability imposed for DAMAGES caused by accident and arising out goods or products manufactured, sold, handled, or distributed by the insured or others trading under his name, if the accident occurs (a) after possession has been relinquished to others and (b) away from premises owned, rented, or controlled by the insured. If a company's product injures someone on the company's premises, it is treated like any other injury arising out of the insured's premises (with the exception of food at a restaurant, which is considered a product exposure once it is served, even if the injury occurs on the premises). If the product injures someone while the insured is using or demonstrating it off the insured's premises, it is considered to have arisen out of the insured's operations. This distinction can be relevant if, like the ISO CGL, the insured's policy has a Premises-Operations Liability limit and a separate Products-Completed Operations Liability limit.
When a product injures someone while they are using it in the manner specified by the manufacture
Liability insurance, generally for contractors, for products liability and for claims arising out of completed work.
Product liability encompasses a number of legal claims that allow an injured party to recover financial compensation from the manufacturer or seller of a product. In the United States, the claims most commonly associated with product liability are negligence, strict liability, breach of warranty, and various consumer protection claims. The majority of product liability laws are determined at the state level and vary widely from state to state.