Product Liability Insurance

urunsorumluluk

Product Liability Insurance

Product Liability Insurance assures against claims that the insured person can be held responsible for physical and / or material damages, as a result of an event that occurred during the execution of business and / or use of the insured  product by the third parties. This assurance provides a guarantee for damages which may be demanded from you. At this point, Product Liability Insurance should not be confused with a product guarantee insurance. While a product guarantee insurance is a property insurance, product liability insurance is a liability insurance. According to the 1985 Product Liability Directive of the European Community, the manufacturer is responsible for damages caused by a defect of the product.  Here the manufacturer word refers to any person manufactures any product or part of the product or a finished product or any raw material and puts their name, trade mark or any distinguishing feature presenting themselves as the manufacturer.

GENERAL TERMS