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Where could AI risks hit liability insurers? A European perspective
The new Product Liability Directive, which has been adopted on 10 October 2024, aims at adapting the existing regime to new technologies. The text will expand the scope of liability to take into account digital products such as software, and new sources of risks resulting from cybersecurity breaches or the autonomous behaviour and self-learning capabilities of AI solutions.
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Product Liability Insurance | Towergate - Towergate Insurance
Product liability insurance as an addition to or part of a public liability or commercial combined policy. Ideal for retailers, wholesalers and manufacturers. Protects you if your product is faulty and causes injury to a member of the public or damages their property.
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What is product liability insurance and do I need it? - unbiased.co.uk
Product liability insurance covers most of the cost of compensation and legal fees for claims against products that cause injury, illness, death or property damage. Here are some examples of the kind of problems someone could raise a claim against: Food: A consumable item makes someone unwell.
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Types of business insurance
These insurance products protect your business assets, property, stock or products. Building and contents insurance covers damage or loss from events including fire, storms or break-ins.; Burglary insurance covers losses, damages and associated costs from a break-in or theft.; Deterioration of stock insurance covers lost stock in cold storage after a fridge or freezer breaks down.
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What is Product Liability Insurance? | MoneySuperMarket
Product liability insurance is a type of business insurance that covers you for legal fees, compensation and other expense if a customer claims that your product or a product you have sold them has caused them any harm or resulted in an injury.
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What is product liability insurance? - Swoop UK
Product liability insurance (PL) – also known as ‘product insurance’ – is a business insurance designed to protect companies, partnerships, sole traders and the self-employed from financial loss in the event that someone is harmed, or property is damaged due to the products that they supply. Do I need product liability insurance?
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Product Liability Insurance - Money Expert
Product liability insurance is a form of business insurance, designed to cover you and your business if unforeseen claims are made against you. It specifically covers you for claims related to any damage, injury or illness caused by products you’ve made, sold or both.
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Product liability insurance | ABI
Product liability insurance protects you against the cost of compensation for: personal injuries caused by your 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.
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Product Liability Insurance from £4.74 per month - Simply Business
Product insurance with liability cover is designed to protect your business against compensation costs, if someone is injured or develops an illness, or their property is damaged, by a product you’ve designed, made, sold, or supplied.
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Product Liability Insurance | Recall Insurance - Marsh Commercial
Product liability insurance can protect you against the cost of compensation for: Third party liability arising from death, injury or damage as a result of a faulty or defective product including packaging. Protection from design flaws.
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Product Liability Insurance | Get Your Quote - Hiscox UK
Product liability insurance can help if you design, produce, supply or repair products. Find the cost and get a quote online with Hiscox.
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Product Liability Insurance | Business Insurance - Bionic
Product liability insurance is a type of business insurance that covers the cost of compensation if someone is injured or if their property is damaged by a product that you have sold, manufactured, designed or even just supplied.
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Compare the Market - What Is Product Liability Insurance?
Product liability insurance is a type of business insurance that can cover compensation and legal costs if a member of the public is injured or their property is damaged because of a product you’ve sold them. Product liability insurance comes with public liability insurance cover when you compare quotes with Comparethemarket.
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A new era for product liability in the EU | ICLG
Published at 08 Nov 2024. Member states have two years to enshrine the Product Liability Directive into national law, heralding a new approach to liability, disclosure and the sanctity of trade secrets. European Union member states have just two years to transpose the provisions of the EU Product Liability Directive (PLD) 2024, adopted by the ...
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What is product liability insurance? - Simply Business UK
Product liability insurance is a type of business insurance that can cover the cost of compensation claims if someone is injured or their property is damaged by a product that you’ve sold. In certain situations you may be liable even if you haven’t actually manufactured the product.
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Product Liability Insurance Quotes & Cover - Premierline
Compare product liability insurance quotes from leading business insurers & protect against claims of injury or damage caused by a product you make or sell.
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Product Liability - Marsh
Product Liability | Marsh. We bring an unmatched combination of industry specific expertise, deep intellectual capital, and global experience to the range of risks you face. Our consulting, brokerage, and claims advocacy services leverage data, technology, and analytics to help you better quantify and manage risk. The perspectives, expertise ...
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Product Liability Insurance | Quotes and Requirements
Product Liability insurance protects against claims of bodily injury or property damage due to the use of your business's goods or products. Specifically, product liability insurance provides financial protection by covering legal fees as well as as compensation payments.
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Product Liability Insurance: Coverage And Costs - Forbes
Product liability insurance is a type of small business insurance covering claims that a product you created, distributed, manufactured or sold caused injury or property damage to someone...
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Product Liability Insurance - Clear Business
Product liability insurance helps protect your business if the products you sell or supply cause harm, injury, or property damage. It could cover the legal fees and compensation costs if your business is found liable for damage caused by a faulty product.
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What is product liability insurance? Everything you need to know
Product liability insurance is a must for any business that manufactures, distributes, or sells products. It covers injuries or illnesses sustained by consumers caused by the defective nature of products.
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Compare Product Liability Insurance | MoneySuperMarket
Ensure your business is protected against product-related claims. Get quotes for product liability insurance from UK's leading insurers with MoneySuperMarket.
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Product Liability Insurance - Get a quote online - AXA UK
AXA provides product liability insurance for businesses making, selling, or suppling products. Get a public liability insurance quote today.
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