What is Indemnity for Product Liability | Insurance glossary by upcover

Indemnity for Product Liability refers to the contractual or insurance-based protection against financial losses arising from product liability claims. In insurance, it is the insurer's promise to compensate the insured for covered product liability losses. Contractually, parties in the supply chain often enter into indemnity agreements allocating responsibility for product liability losses between manufacturers, distributors, and retailers.

Related Terms

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

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Related Term

Third-Party Property Damage on Common Property (Strata)

Third-Party Injury on Common Property (Strata)

Stormwater & Drainage Damage (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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