What is Joint Product Liability | Insurance glossary by upcover

Joint Product Liability refers to the shared legal responsibility of multiple parties in the distribution chain for injuries or damage caused by a defective product. Under principles of joint and several liability, an injured party may recover the full amount of damages from any one or more of the jointly liable parties. The liable parties may then seek contribution from each other based on their respective degrees of fault or pursuant to indemnity agreements.

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Related Term

Legal Expenses Insurance (Strata)

Outsourced Service Liability

Business Partnership Liability

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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