Public and Product Liability - Al Buhaira Insurance

Public and Product Liability Insurance

This policy covers the Insured’s legal liability that may arise out of an act of negligence against the losses or damages to third party properties, bodily injuries or deaths.

The product liability means manufactured, constructed, sold, supplied, treated, repaired etc.

Public and Product Liability insurance in the UAE is designed to protect businesses and individuals from legal claims made against them for accidental injury, property damage or financial loss to a third party caused by their business operations or products. This type of insurance can provide coverage for legal defense costs and settlements or judgments awarded to the injured party.

Public Liability insurance covers claims made by members of the public who suffer injury or property damage as a result of your business operations, while Product Liability insurance covers claims made by customers who suffer injury or property damage caused by a product that your business manufactures, sells, or supplies.

In the UAE, Public and Product Liability insurance is not mandatory by law, but it is highly recommended for businesses that interact with customers, visitors, or members of the public. It is particularly important for businesses that manufacture or sell products, as the risk of product liability claims is high.

The premium for Public and Product Liability insurance is based on various factors such as the nature of the business, the types of products sold or services offered, the level of risk associated with the business, and the coverage limits required. The insurance provider will evaluate these factors and determine the premium amount accordingly.

In summary, Public and Product Liability insurance provides a safety net for businesses and individuals in case of accidental injury, property damage or financial loss to a third party caused by their business operations or products. Having this type of insurance can help protect your business from unexpected financial losses and legal claims, providing you with peace of mind and security.

Frequently Asked Questions:

Q: Is Public and Product Liability insurance mandatory in the UAE?

A: No, it is not mandatory by law, but it is highly recommended for businesses that interact with customers, visitors, or members of the public.

Q: What does Public and Product Liability insurance cover?

A: Public Liability insurance covers claims made by members of the public who suffer injury or property damage as a result of your business operations, while Product Liability insurance covers claims made by customers who suffer injury or property damage caused by a product that your business manufactures, sells, or supplies.

Q: What factors determine the premium for Public and Product Liability insurance?

A: The premium for Public and Product Liability insurance is based on various factors such as the nature of the business, the types of products sold or services offered, the level of risk associated with the business, and the coverage limits required.

Q: How much coverage do I need for Public and Product Liability insurance?

A: The coverage amount depends on the nature and size of the business, as well as the potential risks involved. It is recommended to consult with an insurance provider to determine the appropriate coverage amount for your business.

Covers the Insured’s legal liability that may

Public and Product Liability Insurance

Frequently Asked Questions: