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Product Liability Insurance
Companies 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 of 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.
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