Why is this insurance important to you?
To remain competitive, most enterprises will make sure that the products they manufacture or sell are safe. Unfortunately, it still happens very often that faulty or defective products damage third party’s property or even cause bodily injury or death. In this case you will become legally liable to pay a compensation that in the worst case can bankrupt your organization. Better make preparations with the innovative Product Liability Insurance of Allianz.
What is insured?
The insurance covers all sums, which the insured shall become legally liable to pay as compensation for accidental bodily injury to and/or property damage of any third party arising out of the use of the insured product.
General Exclusions:
Allianz can not accept liability for any consequences arising from
- Fines & penalties
- Loss of or damage to the insured product
- War, armed conflicts, terror
- Nuclear reactions, radioactive contamination
( Importance Notice: For detailed information, please refer to the policy )