Product Liability Insurance
Protection against financial costs if your products are compromised.
Anyone involved in the product design, manufacture or supply chain has a responsibility in ensuring that the products concerned does not cause harm. Product Liability Insurance is designed to indemnify the manufacturer or supplier of the 'defective' product against losses resulting in bodily injury or property damage arising from its use, in the event the victim enforces his legal rights.
Product Liability Insurance will pay you as an Insured Manufacturer, claims arising for the following:-
- Design Defect
- Manufacturing Defect
- Marketing Misrepresentation
This is a liability policy commonly written in a “Claims-Made Basis” form, which will indemnify you against all losses from persons who have purchased your products, arising from the consumption or use of the product giving rise to the following:
- Accidental bodily injury
- Accidental damage to property
- Any legal expenses incurred by you in defending legal proceedings with the Zurich’s written consent
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The benefit(s) payable under this product is (are) protected by PIDM up to limits. For more information, please refer to PIDM's Takaful and Insurance Benefits Protection System brochure on Zurich General Insurance Malaysia's website or PIDM's website.