PRODUCT LIABILITY INSURANCE
This policy covers all sums (inclusive of defense costs) which the insured becomes legally liable to pay as damages as a consequence.
- Accidental death/ bodily injury or disease to any third party.
- Accidental damage to property belonging to a third party.
Arising out of any defect in the product manufactured by the insured and specifically mentioned in the policy after such product has left the insured’s premises. The policy offers the benefit of retroactive period on continuous renewal of policy whereby claims reported in subsequent renewal but pertaining to earlier period after first inception of policy, also become payable.
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