product liability insurance

Protection against financial loss arising out of the legal liability incurred by an insured because of injury or damage resulting from the use of a covered product or out of the liability incurred by a contractor after a job is completed (completed operations cover). See also Casualty insurance; Commercial general liability policy; Completed operations; Liability insurance; Vendors coverage; Vendors endorsement.

Home > Free Risk & Insurance Information > Glossary of Insurance & Risk Management Terms > Terms > P > product liability insurance