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Component Part Liability refers to the legal responsibility of manufacturers or suppliers of component parts for defects in those components that cause injury or damage when incorporated into finished products. This liability can extend to the component manufacturer even where the finished product is manufactured by a third party. The allocation of liability between component suppliers and final product manufacturers is often addressed through contractual indemnity arrangements.
Component Part Liability refers to the legal responsibility of manufacturers or suppliers of component parts for defects in those components that cause injury or damage when incorporated into finished products. This liability can extend to the component manufacturer even where the finished product is manufactured by a third party. The allocation of liability between component suppliers and final product manufacturers is often addressed through contractual indemnity arrangements.
We are digitising commercial insurance and risk management for small, mid-market and technology businesses. We work with a global network of underwriters, challenging legacy brokers and delivering market leading coverage to our customers.