Product Liability (Legal Liability & Indemnity)

Product Liability (Legal Liability & Indemnity) refers to the legal obligation of manufacturers, importers, distributors, and retailers to compensate third parties for harm caused by defective products. This liability encompasses both the duty to pay damages and the obligation to indemnify other parties in the distribution chain pursuant to contractual arrangements. Products liability insurance provides cover for this legal liability, including defence costs and damages awards.

Product Liability (Legal Liability & Indemnity) refers to the legal obligation of manufacturers, importers, distributors, and retailers to compensate third parties for harm caused by defective products. This liability encompasses both the duty to pay damages and the obligation to indemnify other parties in the distribution chain pursuant to contractual arrangements. Products liability insurance provides cover for this legal liability, including defence costs and damages awards.