עו״ד שי רוזנבלום

מנהל צוות סיכונים מיוחדים

טלפון:
03-6142121

0504455726

אימייל:

ShayR@amnongur.co.il

What is Product Liability Insurance?

Product liability insurance protects the business from claims related to the manufacture or sale of products to the public. It covers the manufacturer's or seller's liability for losses or injuries to a third party caused by a defect or malfunction of the product, and, in some instances, a defective design or a failure to warn. 


Every policy is suited to the specific requirements of each product company according to their product(s) and needs. The Israeli law declares that there is no significance to the guilt of the manufacturer. All that the consumer has to prove, is that the damage caused, happened as a result from the product itself.

Who needs Product Liability Insurance?

If your company provides any products to any Third Party, then your Company needs Product Liability Insurance. Because of the wide net product liability law casts, it is advisable for anyone who can find himself as part of the production chain needs Product Liability Insurance.

The Products risks:

Massive distribution of the product - fault in the manufacture or defect in the manufacture will influence many product units, who can harm at the same time.

Global distribution of the product - many products are designed for the local market and also to export, so that the damage potential is not only local, therefore the product control, the reports and the repair of the damage becomes much harder.

What does the Product Liability Insurance policy covers?

The Product Liability Insurance policy provides coverage against claims resulting from damage to property or personal injury that the products caused. It can also provide coverage against unforeseen circumstances, such as defects in products that the quality control system may not be able to identify. 
Reshef Insurance Agency specializes in a variety of different Product Liability Insurance including RECALL coverage and match the policy type to a World Wide basis, including the American special demands such Commercial General Liability.


Recall Insurance:

Protects against losses arising out of the recall of a product or component as a result of accidental or intentional error in manufacturing, design or packaging, as well as mislabeling that deems the product dangerous for use or consumption.

The cover Includes Communication, Shipping & Transportation, Labor, Storage and disposal and other necessary costs with prior approval

Commercial General Liability (CGL):

The policy covers damages to Third Parties due to Physical and Property Damages. This is the only policy that includes combined cover for Product Liability and Third Party on WorldWide basis.

The only policy in Israel that based on American standard and can include coverages requested in US Certificates as: Personal & Advertizing Injuries, Med expenses etc', includes Vendors Endorsement providing cover for all Company's vendors.