Product liability insurance rates

This article introduces PJICO insurance customer reviews product liability insurance, liability insurance products. Compensation liability insurance product when and some note when you need to buy product liability insurance.

Product liability insurance rates are calculated based on the total revenue on the year of companies involved in insurance or liability of compensation in each service and the loss of the entire insurance period. To be responsible for insurance quotes for specific products details please contact us.

Compensation for these objects?

All of the funds that the insured person has product liability legal obligation to pay as compensation for:

1.1. the unexpected damage on the person (injury, sickness)
1.2 the unexpected damage to property

caused by the goods covered by the sale, supply, repair, alter, process, or service related to business activities by insured performed and incurred during the insurance period and within the territory of the rules specified in the certificate of insurance;

2. All costs and expenses of litigation
2.1 the plaintiff party against the insured is reimbursed,
2.2 arises with the consent in writing of the PJICO
for any complaint would claim the insured responsible for the product must be compensated and subject to compensation under this insurance Application;
However, the responsibility of the PJICO for all compensation payable to one or more sides of a plaintiff or a series of incidents arise from or may be attributed to the same origin or cause , will not exceed the compensation limit is specified in the certificate of insurance for an incident arising during the period covered, the responsibility of the PJICO also will not exceed the limits of liability specified in the certificate of insurance for each period of insurance.

In case the insured dies, the liability that the insured incurs, PJICO will reimburse on behalf of the insured person under the conditions and limits defined in this insurance Application , provided that the representative must comply, fulfill obligations in accordance with the provisions of the terms, exclusions, limits of liability of this coverage as if they are insured.

The insurance rules and a summary of the conditions of this insurance shall be read together as one contract and any words or phrases are assigned a special meaning in any one particular meaning in any part of the insured or of A Summary of the conditions of this insurance will still carry such a meaning though it appear in any place.

1. In case of a breakdown could lead to compensation claims under this insurance, the insured must notify in writing the PJICO as soon as possible. All correspondence, complaint, summons of the Court and other relevant documents must be notified immediately or upon receipt of the PJICO.

2. Without the consent in writing of the person insured, the insured product liability are not negotiable, cannot be accepted, not proposals, promises or any payment would be relevant to the issue or complaint PJICO if found necessary have the power to take over and done with the name of the insured person the advocate against any claims or costs, and because their rights have the right on behalf of the insured person prosecuted against any person would insist they compensate the losses. PJICO also have freedom of action in the litigation and resolve the complaint, and the insured must provide all information and assistance if PJICO asked.

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