Product liability insurance - Revision history

Editor at 08:47, 24 December 2024

2024-12-24T08:47:44Z

← Older revision		Revision as of 08:47, 24 December 2024
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	Product liability insurance can be bought directly from an insurer or from a specialist broker through the British Insurance Brokers’ Association (BIBA). Most businesses take out policies that cover them for compensation claims of between £1 million and £5 million.		Product liability insurance can be bought directly from an insurer or from a specialist broker through the British Insurance Brokers’ Association (BIBA). Most businesses take out policies that cover them for compensation claims of between £1 million and £5 million.
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		+	For more information about Product liability insurance and other insurances visit [https://www.abi.org.uk The] [https://www.abi.org.uk Association of British Insurers (ABI)]

	= Related articles on Designing Buildings =		= Related articles on Designing Buildings =
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	* Trespass.		* Trespass.

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Editor at 08:45, 24 December 2024

2024-12-24T08:45:08Z

← Older revision		Revision as of 08:45, 24 December 2024
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	Product liability insurance can be bought directly from an insurer or from a specialist broker through the British Insurance Brokers’ Association (BIBA). Most businesses take out policies that cover them for compensation claims of between £1 million and £5 million.		Product liability insurance can be bought directly from an insurer or from a specialist broker through the British Insurance Brokers’ Association (BIBA). Most businesses take out policies that cover them for compensation claims of between £1 million and £5 million.
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		+	= Related articles on Designing Buildings =
		+
		+	* Contract vs tort.
		+	* Defects liability period.
		+	* Delict.
		+	* Joint and several liability.
		+	* Liability.
		+	* Liability for building design.
		+	* Negligence.
		+	* Nuisance.
		+	* Quasi-delict.
		+	* Reasonable skill and care.
		+	* Strict liability
		+	* Trespass.

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Editor at 08:41, 24 December 2024

2024-12-24T08:41:10Z

← Older revision		Revision as of 08:41, 24 December 2024
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	[https://www.designingbuildings.co.uk/wiki/The_Get_It_Right_Initiative The Get It Right Initiative] ([https://www.designingbuildings.co.uk/wiki/GIRI GIRI]) in 2024 published '[https://getitright.uk.com/live/files/reports/10-giri-insurance-guide-v35-final-090.pdf The GIRI Insurance Guide: A perspective on risk management for construction projects]' which describes product liability insurance as protecting 'against liability for injury to people or property arising from the products (you) supply, manufacture or in some cases, import.'		[https://www.designingbuildings.co.uk/wiki/The_Get_It_Right_Initiative The Get It Right Initiative] ([https://www.designingbuildings.co.uk/wiki/GIRI GIRI]) in 2024 published '[https://getitright.uk.com/live/files/reports/10-giri-insurance-guide-v35-final-090.pdf The GIRI Insurance Guide: A perspective on risk management for construction projects]' which describes product liability insurance as protecting 'against liability for injury to people or property arising from the products (you) supply, manufacture or in some cases, import.'
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		+	[https://www.abi.org.uk The Association of British Insurers (ABI)] defines in more detail what [https://www.abi.org.uk/products-and-issues/choosing-the-right-insurance/business-insurance/liability-insurance/product-liability-insurance/ Product Liability Insurance] is, why it is needed, what is covers and where it can be purchased:
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		+	'Product liability insurance covers the cost of compensating anyone who is injured by a faulty product that your business designs, manufactures or supplies...'
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		+	'Consider product liability insurance if (your) business designs, manufactures or supplies a physical product that is sold or given away for free.
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		+	* (your) business may be held legally responsible for any injuries to people or damage to property caused by a faulty product.
		+	* (you) can be held liable for faulty products even if you did not manufacture them. You may be liable for compensation if:
		+	* (your) business’s name is on the product
		+	* (your) business repairs, refurbishes or changes a product
		+	* (you) imported the product from outside the European Union
		+	* (you) cannot identify the product’s manufacturer, or the manufacturer has gone out of business '
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		+	'What it covers: Product liability insurance protects (you) against the cost of compensation for
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		+	* personal injuries caused by (you)r faulty product
		+	* loss of or damage to property caused by (your) faulty product
		+	* unforseeable circumstances such as product faults that (your) quality control system could not identify '
		+
		+	'Product liability insurance may not cover (you) for:
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		+	* faulty products resulting from bad workmanship
		+	* financial losses to a business or person caused by your faulty product'
		+
		+	'If you do not manufacture the product but you distribute it, you should be covered if you can show that:
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		+	* the products were faulty when they were supplied to (you)
		+	* (you) gave customers adequate safety instructions and warnings about misuse
		+	* (you) included terms for the return of faulty goods to the manufacturer
		+	* (your) supply contact with the manufacturer covers product safety, quality control and returns
		+	* (you) have good quality control and record-keeping systems'
		+
		+	Product liability insurance can be bought directly from an insurer or from a specialist broker through the British Insurance Brokers’ Association (BIBA). Most businesses take out policies that cover them for compensation claims of between £1 million and £5 million.

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Editor: Created page with "[https://www.designingbuildings.co.uk/wiki/The_Get_It_Right_Initiative The Get It Right Initiative] ([https://www.designingbuildings.co.uk/wiki/GIRI GIRI]) in 2024 published '[ht..."

2024-12-23T20:25:45Z

Created page with "[https://www.designingbuildings.co.uk/wiki/The_Get_It_Right_Initiative The Get It Right Initiative] ([https://www.designingbuildings.co.uk/wiki/GIRI GIRI]) in 2024 published '[ht..."

New page

[https://www.designingbuildings.co.uk/wiki/The_Get_It_Right_Initiative The Get It Right Initiative] ([https://www.designingbuildings.co.uk/wiki/GIRI GIRI]) in 2024 published '[https://getitright.uk.com/live/files/reports/10-giri-insurance-guide-v35-final-090.pdf The GIRI Insurance Guide: A perspective on risk management for construction projects]' which describes product liability insurance as protecting 'against liability for injury to people or property arising from the products (you) supply, manufacture or in some cases, import.'

[[Category:Articles_needing_more_work]]