A manufacturer's and seller's responsibility does not end when a product leaves the factory or the shelf. If a faulty electrical appliance starts a fire, a food product harms a consumer or a defective part causes an accident, the business can face substantial compensation claims.
Product Liability insurance takes on your legal liability for bodily injury and property damage that products you manufacture or sell cause to third parties, within the policy limits. We review your product range, sales channels and any exports with you and obtain a suitable quote from Corpus Sigorta.
What is covered?
- Bodily injury caused by the product to third parties (injury, death)
- Damage caused by the product to third-party property
- Legal liability arising from products you manufacture
- Legal liability arising from products you sell
- Defence and court costs against compensation claims (subject to policy terms)
What you should know
This is a Corpus Sigorta product; you can get a quote through our agency.
Damage to the product itself and the cost of replacing it or withdrawing it from the market are outside this policy. For the cost of recalling defective products, Corpus Sigorta's Product Recall insurance can be considered separately.
If you sell abroad, the geographical scope of the policy is agreed separately. Scope, limits and exclusions are set out in the policy's special conditions.
Videos
Frequently asked questions
No. Importers, distributors and sellers can also be held liable for the products they sell. We define the scope with you based on your place in the supply chain.
Product liability covers compensation claims for damage the product causes to third parties. Product recall deals with the costs of withdrawing defective products from the market. The two policies complement each other.
Insurers usually ask for product types, annual sales turnover, countries of sale, claims history and quality control processes. We guide you so the information is complete.
The information on this page is for general guidance and does not replace policy wording. Scope of cover, limits, deductibles and exclusions are determined by the general and special conditions of the insurer you choose.