As specialist liability insurance brokers, we provide expert advice and services in the arrangement of product liability insurance in Northern Ireland.
Our services are available to all businesses and organisations that provide product in connection with their business.
What is product liability insurance?
The product liability policy protects the policyholder against claims made against them in respect of their legal liability for personal injury or property damage arising from the sale or supply of a product.
Who needs product liability insurance?
Any business or undertaking in Northern Ireland that as part of their usual activities provides a product should consider an appropriate product liability policy to protect them against claims that may arise as a result of injury or damage resulting from the supply of that product.
Many in the retail and wholesale sector consider, with some reasonable justification, that they do not need product liability as the product is ultimately the responsibility of the manufacturer and in many cases this is true. However, if the product is imported from countries or territories where legal action is difficult or in fact impossible then the supplier i.e. the retailer or wholesaler is in the firing line.
In truth the supplier of the product will always be the first port of call for a claimant and the product liability policy will respond on the policyholder’s behalf and will pursue up the supply chain to find the manufacturer or other party that might be responsible.
What is the limit of indemnity under a product liability insurance policy?
The limit of indemnity is the maximum amount that an insurer will pay in respect of any one claim under the policy. Product liability policies unlike the public liability policy, are based on any one claim and on an aggregate basis, which means that the limit if indemnity applies not only to the maximum in respect of any one claim but is also the maximum the insurance company will be liable for in any one policy year.
Does product liability insurance cover the cost of product recall?
No, the product liability policy responds only to claims made against the policyholder in respect of their liability for personal injury or property damage arising from the sale of a product. The costs associated with any product recalls are an entirely separate issue and may be insured via a specialist product recall insurance product.
How do I apply for Product Liability Insurance in Northern Ireland?
Click on the Apply button below, or sign up using the banner at the bottom of this page. Sign in to our Digital Client Suite, design your quote and submit. A Digital Broker will respond to you normally within a few minutes. Or Contact US