Coverage analysis
The most expensive misunderstanding is assuming every product problem is the same claim.
Product programs require attention to exclusions, triggers, territory, contracts and how policies fit together.
Recall is not liability
Recall expense and lost income are not automatically covered merely because a dangerous product may cause injury.
Your product and your work
The cost to replace the insured’s defective product or work is commonly restricted, while resulting covered injury or damage may be treated differently.
Impaired property
If another product can be restored by removing or replacing your component, an impaired-property exclusion may affect coverage. The physical facts matter.
Discontinued products
Claims can arise years after sales stop. Confirm how runoff exposure will be handled if the business closes, sells a division or changes from occurrence to claims-made coverage.
Territory and jurisdiction
Worldwide sales do not guarantee worldwide suits are covered. Review territory, jurisdiction and international placements.
Contractual promises
Broad indemnity, performance guarantees and liquidated damages may exceed insured obligations. Coordinate contract review with qualified counsel.
Product liability guidance