Business risk exclusion

Business risk exclusion,

Definition of Business risk exclusion:

  1. An insurance coverage type that is excluded from product liability insurance which covers product manufacturing that does not achieve the performance level promised by the company. An exception to business risk exclusion is a bench error which is a mistake made during the manufacturing process of a products. Companies that can provide product failures due to bench errors will be eligible for coverage under product liability insurance policies.

Meaning of Business risk exclusion & Business risk exclusion Definition