Product Liability Insurance
Risk Recognition:
Risk exposure of domestic and foreign sales
Risk exposure in USA / Canada and Rest of World.
Risk character of manufacturers, trading companies, distributors and retailers.
Risk character of OEM, ODM and OBM.
Risk exposure of components suppliers and assemblers.
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Main Services:
Satisfy the insurance requirement of contract.
Design insurance plan.
Marketing in local and international insurance markets.
Analyze and advise the deductible programs.
Prompt claim services.
Claim statistic and analysis service.
To advise and plan for liability sharing.
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Product Recall Insurance
Risk Recognition:
Manufacturers
Wholesalers and retailers.
ODM / OEM / OBM
Components suppliers
Distributors and trading companies.
.
Product Recall Insurance:
To indemnify the recall expenses including
notification and communications, shipping,
actual cost of disposal of the products,
warehousing/storage space, extra personnel
and consultant expenses
To indemnify cost of refund, repair and replacement
To indemnify damage of customers or third parties,
including business interruption losses.
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Product E&O Insurance
Applicable Parties:
Electronic Manufacturer, Software Designer,
IT Service Provider, Communication Industry.
Coverage:
The insurance company will pay loss by reason of
liability imposed by law or assured in the insured
contract for financial injury, because of the failure
of the named insured's product or service caused
by a wrongful act.
Risk Recognition:
Failure of the products to perform the function
Failure of the products to serve the purpose intended
Failure to perform the service
Relevant Insurances:
Product Liability Insurance
Product Recall Insurance