Product liability insurance

Product liability insurance,

Definition of Product liability insurance:

  1. Policy that pays for any damage or injury (within the limits of the cover provided) resulting from the use of the insureds goods or services.

Meaning of Product liability insurance & Product liability insurance Definition

Product Liability Insurance,

What is Product Liability Insurance?

  • Product Liability Insurance means, Protection against financial loss due to injury or damage caused by the use of the insured product, legal liability of the sick person, or liability of the contractor after termination of contract (business coverage is rejected).

  • Meaning of Product Liability Insurance: Protect manufacturers and dealers from legal action by people who have suffered personal injury or property damage while using them.

  • This coverage protects product manufacturers and retailers (and all distributors) from claims for damages caused by possession, use or consumption of the product. Food poisoning is a great example of this type of insurance claim.

  • Product Liability Insurance means: Coverage to protect against financial loss arising out of the legal liability of the manufacturer, dealer or distributor in the event of injury or loss from the use of the courier product.

  • Insurance coverage for manufacturers, sellers or distributors which may result from civic liability for financial losses in the event of injury or loss to a third party due to the use of the products covered by the insurance.

  • Definition of Product Liability Insurance: Product liability insurance may cover a claim against your company for damages or losses caused by the products designed, sold or supplied by your company.

Literal Meanings of Product Liability Insurance

Product:

Meanings of Product:
  1. Goods or clothes that are manufactured or better for sale.

  2. Anything or person that is the result of an action or action.

  3. Multiply the amount or the amount obtained from a similar algebraic operation.

Sentences of Product
  1. the meal

  2. Her daughter, the fruit of her first marriage

  3. The total hours claimed on the service order is 63 hours, and the amount charged is only a product of the amount that is many times higher than the hourly rate.

Synonyms of Product

outcome, result, object, thing, consequence, unit, legacy, product, spin-off, fruit, commodity, upshot, item, issue, effect, by-product, artefact, piece of merchandise

Liability:

Meanings of Liability:
  1. The person or object whose presence or conduct causes embarrassment or harm.

Sentences of Liability
  1. There is an unlimited liability for the risks posed to the partner

Synonyms of Liability

legal responsibility, handicap, inconvenience, burden, encumbrance, hindrance, accountability, answerability, nuisance, responsibility

Insurance:

Meanings of Insurance:
  1. The methods or contracts used by companies or government agencies provide a guarantee of certain damages, injuries, illnesses or death in return for payment of premiums.

Synonyms of Insurance

security, surety, precaution, preventive measure, provision, defence, immunity, financial protection, shelter, protection, safety measure, cover, indemnification, safeguard, indemnity