Am I covered if the components I supplied are found defective, and the manufacturer sues me?
The policy offers protection for claims from defective components.
- Product liability
Covers legal costs and claims from manufacturers for defective supplies.
This ensures that disputes with manufacturers over faulty components are handled professionally.
If a manufacturer claims your components are defective and takes legal action, notify your insurer immediately. Share all relevant documents, such as supply agreements and complaints. The policy will cover your legal defence and help with any settlements, so you can focus on resolving the issue.
Back to Insurance 101What should I do if a regulator sends me a notice?
The policy helps with regulatory notices and responses.
What steps should I take if a client sends me a legal notice for not delivering on a project?
The policy helps address disputes involving the insured person (D&O) effectively.
What should I do if I am accused of breaking anti-trust laws?
The policy helps with anti-trust allegations and defence.
What should I do if I'm accused of any kind of wrongdoing?
The policy supports defence against broad accusations.
What does it mean if shareholders file a lawsuit on behalf of the company (derivative action), and how should I deal with it?
The policy provides coverage for shareholder claims.
What should I do if shareholders file a class-action lawsuit against the Board?
The policy provides support for shareholder class-action cases.
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