Key Features of Product and Liability Insurance
Legal Expense Coverage
Covers legal expenses incurred from product-related claims.
Compensation for Injuries or Damages
Provides compensation for injuries or damages to a person or property caused by a defective product.
Protection Against Financial Losses
Offers coverage for financial losses due to product recalls or a series of lawsuits.
Applicability Across Consumer Goods Industry
Relevant for manufacturers, distributors, and retailers within the consumer goods industry.
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