What is general and products liability insurance?
Product liability insurance helps protect your business from claims that a product you made or sold caused bodily injury or property damage to someone else's belongings. 1. An insurance company may offer this coverage as a standalone policy, but we include it as part of your general liability insurance.
What is product liability insurance in Australia?
Product liability insurance is designed for businesses who are involved in the production, supply of sale of products to members of the public. It helps protect against claims of personal injury or property damage that a third party suffers (or claims to have suffered) as a result of your business's product.
What does Products liability insurance mean?
Covers legal liability of the insured due to bodily injury or property damage caused by a defective product which is manufactured, distributed or sold by the insured.
What is product liability regulation in Australia?
Australia's product liability regime is a combination of provisions contained primarily in the Australian Consumer Law (Schedule 2 to the Competition and Consumer Act 2010 (Cth)). These provisions apply to Australian made products as well as foreign made goods that are imported into Australia for sale.
What is public and products liability insurance Australia?
Public and Product Liability Insurance (PPL) protects you and your business against financial loss arising from your legal liability to pay compensation to a third party when they have suffered a personal injury, property damage or an advertising injury.