What happens if my product is defective, and I receive complaints from consumers?
The policy helps with claims from defective products.
- Product liability
Covers costs for third-party bodily injury and property damage arising out of use of your products.
This ensures you're not solely responsible for the financial consequences of product-related issues.
If consumers report problems with your defective product, inform your insurer as soon as possible. Provide evidence, such as customer complaints and product details. The policy will help cover related costs, including defending against lawsuits if necessary.
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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