‘Our CGL Product range covers the costs your Client may need to pay to third parties if they are injured or have had their property damaged as a result of your Clients negligence. Our team of experts will work with you to ensure your Clients have the right CGL insurance in place to help protect their business”, said Douglas Everett, President of CHES Special Risk Inc.
Despite all best intentions, accidents do happen. If an accident occurs and your Clients business is at fault – whether on their premises, when they or their employees are out and about or as a result of a product they have sold – a client, contractor, or member of the public could claim for compensation. That’s why many organisations insist on their suppliers having public and products liability insurance in place.
Coverages, in some cases, are designed to protect the end user of a product by giving businesses the ability to quickly provide compensation if a product is defective. Though product liability largely relates to manufacturing firms, your Clients business could be held liable for a faulty product wherever they fall into a distribution chain.
It may be important to have product liability in place if they are:
- Business making products available to the public.
- Manufacturer or retailer who supplies its own-branded products.
- Business that repairs, alters or services an existing product.
- Company who repurposes or rebrands an existing product.
- Importer of products from places where the safety requirements differ from the country it is sold.
Working with you to understand your Clients risks, our team will source the most suitable public and products liability insurance for your business, either combined with a Commercial Property placement or standalone, coverages would also include Employers Liability.
As a specialist MGA we can work with you to understand your Clients products and the markets they operate in. This will help you to decide the correct level of cover for your Clients business, and combine it with the rest of their package.