product liability

What is it?

Product Liability Insurance is a type of coverage that protects businesses against claims arising from the manufacturing, distribution, or sale of products. It is designed to provide financial protection in case a product causes bodily injury, property damage, or other losses to consumers or users.

Why do you need product Liability?

Legal Defense Costs

Medical Expenses

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Property Damage Costs
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Manufacturing and Design Defect Claims

Who would benefit?

particularly important for businesses involved in the production, distribution, or sale of physical goods. It helps protect businesses from significant financial losses resulting from product-related lawsuits, while also providing reassurance to consumers that they are covered in the event of harm caused by a product.

Manufacturers
Distributors
Retailers
Wholesalers
Online Sellers
Importers and Exporters
Contract Manufacturers

What is Covered?

Bodily Injury Coverage
Property Damage Coverage
Legal Defense Costs
Settlements and Judgments
Manufacturing Defects
Design Defects
Inadequate Warnings or Instructions
Recall Expenses

Who is covered?

Product Liability Insurance typically provides coverage for the following parties: Manufacturers, Distributors, Importers and Exporters, Retailers, Suppliers and Component Manufacturers and Contract Manufacturers.

What is Excluded?

(examples of exclusions – not meant to be exhaustive)

Professional Services
Intentional Misconduct
Contractual Liability
Known Defects
Intellectual Property Claims
Contractual Liability for Warranties

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Relm Insurance Ltd.
31 Victoria Street,
Victoria Place,
5^th Floor West
Hamilton | HM 10 | Bermuda
(441) 707-0252

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© Relm Insurance Ltd. All rights reserved. Authorized and regulated by the Bermuda Monetary Authority and registered under the Segregated Accounts Companies Act 2000. Relm Insurance is not authorized or licensed outside of Bermuda and deals only through appropriately licensed insurance brokers. To ensure compliance regarding our insurance support of companies domiciled in jurisdictions outside of Bermuda, any request for coverage must go through the appropriate broking channels. The publication and delivery of the information contained within our website is not intended as a direct solicitation for the purchase of insurance coverage.