The liability for bodily injury (BI) or property damage (PD) incurred by a merchant or manufacturer as a consequence of some defect in the product sold or manufactured.

IRMI

If your maritime business is involved with the manufacturing, importation, or distribution of products, we urge you to consider Products Liability Insurance. We understand the competitive edge in any given market boils down to compelling value propositions – this means offering better products at more competitive prices. Building an understanding of your products and their potential risk exposures is crucial to maintaining your long-term growth. A Products Liability policy is designed to protect your maritime business from liability issues stemming from products or services you offer. This covers the cost of legal defense and a portion of damage awards, should they be granted. If you would like more information about our Products Liability Insurance, our Marine Program in general, or client referrals, please feel free to contact us at your earliest convenience.
HP