Product Liability coverage applies in cases of manufacturer's liability for damages caused by the sale and distribution of defective products. Indeed, it covers expenses incurred by the company for third-party damages, for the recall of defective or non-compliant products, and for the dismantling and re-installation (or destruction) of the items. Additionally, it includes costs related to communication and transport, as well as overtime labor costs paid to staff.
It safeguards the company and its business operations through worldwide coverage, including the USA, Canada, and Mexico. In these jurisdictions, it is necessary to establish agreements with insurance carriers belonging to an international network.
