Product's Liabillity

Organizations which are engaged in manufacturing, sale or service of products need to consider cover for liability for loss, damage and/or injuries arising out of use of their products. Potentially, the claims can be a very high magnitude.  This exposure mainly falls on manufacturers though there have been instances where in the first instance claims have been lodged on the local suppliers / agent.  If you are involved in such an activity, it is essential for you to review your exposures in detail.