(1) A named insured's liability for claims alleging loss caused by a product sold, handled, or distributed by a named insured. (2) Term used to describe the legal liability of commercial sellers and manufacturers to compensate buyers, users, and bystanders for damages or injuries suffered because of a defective condition that makes their product unreasonably dangerous.
the claim of negligence involving the products exposure usually is based on one of the following: improper product design, improper product assembly, failure to inspect product, failure to warn of dangerous characteristics, deceptive advertising, failure to foresee possible misuse.
Liability to third parties arising out of goods supplied, for example, if someone falls sick after consuming your food product. This is an exception under a Public Liability policy and therefore to cover for this, you need to be separately insured or have your Public Liability policy extended.
describes the legal duty a manufacturer or seller of a product has to those who are injured as a result of defects in the product. People who make commercial products are supposed to design and build them so they are reasonably safe. If a manufacturer was negligent and you were hurt as a result, you may have a products liability claim. These cases involve all kinds of products, including automobiles, snowmobiles, power tools, toys, machinery, and medical devices.
The liability for bodily injury or property damage incurred by a merchant or manufacturer as a consequence of some defect in the product sold or manufacturered or the liability incurred by a contractor after he has completed a job as a result of improperly performed work. The latter described part of products liability is called Completed Operations.
The object of products liability insurance is to protect you against your legal liability for injury to third parties or loss or damage to third party property caused by goods sold, supplied, repaired, serviced or tested by you or your employees.
Area of the law involving the liability of manufacturers and sellers of dangerous or defective goods or products.
A coverage related to the responsibility of a merchant or manufacturer for his or her products. If there is some defect in the product that was sold or manufactured and it injures someone or damages his or her property, this coverage protects the merchant or manufacturer responsible for that product.
The responsibility of manufacturers, distributors and sellers of products to the public, to deliver products free of defects which could harm customers, and to make reparations for defective products.