Product Liability Insurance

The term Products Liability is introduced for the purpose of applying a limit for an occurrence that is caused by or arises out of any product of the business. It is usually defined as: “Your legal liability in respect of personal injury or property damage caused by or arising out of any products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such personal injury or property damage happens after physical possession of such products has been relinquished to others”.