HomeProduct Liability Insurance
Product Liability Insurance

Product Liability Insurance

Protects against claims of injury or damage from your products.

Trusted by:

BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client

Policy Covers:

  • Legal defense costs for claims related to defective products.
  • Medical expenses for injuries caused by your products.
  • Settlement costs for property damage due to product defects.
IRDA
IRDAI CERTIFIED
4.9
TRUSTED BY
2,500+
BUSINESSES

Pay ₹4,000* per year
and get ₹25 Lacs coverage

No Spam

By continuing, I agree with Terms of Use
and Privacy Policy.

Trusted by:

BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client

Policy Covers:

  • Legal defense costs for claims related to defective products.
  • Medical expenses for injuries caused by your products.
  • Settlement costs for property damage due to product defects.

What is Product Liability Insurance?

Product Liability Insurance defends against defects, design flaws, or inadequate warning labels for misuse by consumers. It covers legal costs and settlements, safeguarding your business reputation. This Product Liability Insurance coverage is crucial for maintaining operations and expanding your product range with confidence.

Who needs Product Liability Insurance cover?

Exporters
Annual Turnover

₹0 Cr-₹3,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

FMCG
Annual Turnover

₹0 Cr-₹300 Cr

Pharma
Annual Turnover

₹0 Cr-₹100 Cr

Automotive
Annual Turnover

₹0 Cr-₹1,000 Cr

Electronics
Annual Turnover

₹0 Cr-₹100 Cr

Exporters
Annual Turnover

₹0 Cr-₹3,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

FMCG
Annual Turnover

₹0 Cr-₹300 Cr

Pharma
Annual Turnover

₹0 Cr-₹100 Cr

Automotive
Annual Turnover

₹0 Cr-₹1,000 Cr

Electronics
Annual Turnover

₹0 Cr-₹100 Cr

Exporters
Annual Turnover

₹0 Cr-₹3,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

FMCG
Annual Turnover

₹0 Cr-₹300 Cr

Pharma
Annual Turnover

₹0 Cr-₹100 Cr

Automotive
Annual Turnover

₹0 Cr-₹1,000 Cr

Electronics
Annual Turnover

₹0 Cr-₹100 Cr

Exporters
Annual Turnover

₹0 Cr-₹3,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

FMCG
Annual Turnover

₹0 Cr-₹300 Cr

Pharma
Annual Turnover

₹0 Cr-₹100 Cr

Automotive
Annual Turnover

₹0 Cr-₹1,000 Cr

Electronics
Annual Turnover

₹0 Cr-₹100 Cr

Exporters
Annual Turnover

₹0 Cr-₹3,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

FMCG
Annual Turnover

₹0 Cr-₹300 Cr

Pharma
Annual Turnover

₹0 Cr-₹100 Cr

Automotive
Annual Turnover

₹0 Cr-₹1,000 Cr

Electronics
Annual Turnover

₹0 Cr-₹100 Cr

Exporters
Annual Turnover

₹0 Cr-₹3,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

FMCG
Annual Turnover

₹0 Cr-₹300 Cr

Pharma
Annual Turnover

₹0 Cr-₹100 Cr

Automotive
Annual Turnover

₹0 Cr-₹1,000 Cr

Electronics
Annual Turnover

₹0 Cr-₹100 Cr

Why do you need Product Liability Insurance?

Why do you need Product Liability Insurance?

Protects from injury claims

Shields against claims alleging bodily harm caused by your products.

Defends against lawsuits

Covers legal expenses if sued over product defects or failures.

Safeguards your reputation

Ensures prompt resolution of issues, preserving trust and brand image.

Secures your finances

Covers settlements and judgments, preventing financial strain or bankruptcy.

Mitigates Recall Expenses

Covers the costs associated with product recalls, including notification, shipping, and disposal.

Why choose BimaKavach to protect your business?

The Power of Underwriting

Your Policy is built for your unique needs.

50+ Years of Insurance Expertise

Best Price for Complete Coverages

You get the best price for your coverage.

Best Price for Complete Coverages

24*7
Claims Support

All concerns will be addressed without delay.

24*7 Claims Support

Online Platform to Manage Your Bima

Your policy can be managed from anywhere.

Online Platform to Manage Bima

Dedicated
Bima Expert

You get access to IRDAI-Certified Bima Experts.

Dedicated Bima Expert
ProductUseCasesSection

Who’s this for?

Manufacturers & Distributors
Retailers & Wholesalers
Businesses with Rapid Innovation
Importers/Exporters
Businesses Selling Physical Products

What does Product Liability Insurance cover and exclude?

Coverages

Product injury

This Product Liability Insurance coverage extends to attorney fees, settlements, and court judgments, addressing issues such as design flaws, manufacturing defects, inadequate warnings, and injuries caused by product use.

Product-related property damage

Product Liability Insurance shields your business if a product you sell or manufacture causes damage to a customer's property, whether from defects or errors in the instruction manual.

Product-related illness

Product Liability Insurance provides coverage for illnesses resulting from products sold or manufactured by your business, such as expired food or allergenic beauty products.

Products causing wrongful death

Product Liability Insurance addresses lawsuits, burial expenses, and other costs associated with customer death resulting from your product.

Legal representation costs

This includes covering costs for providing documentation or information to investigators regarding product-related issues.

Public relations costs

It reimburses expenses incurred in managing and mitigating negative company reputation stemming from product-related allegations.

Court attendance costs

Product Liability Insurance provides coverage for reasonable costs and expenses associated with attending court proceedings, hearings, trials, and depositions related to defending product-related claims.

Crisis communication costs

Product Liability Insurance covers costs for hiring public relations or crisis management firms to advise on public communication strategies related to product claims, lawsuits, or allegations.

Exclusions

Product guarantee

Product Insurance coverage does not apply if the policyholder explicitly warrants or guarantees product performance or quality to customers. Claims resulting from product failures due to unmet standards are not covered.

Repairing/Refurbishing costs

If the insured's product harms someone or damages property due to a defect, the policy may cover compensation costs. However, Product Insurance generally excludes repair or refurbishment expenses for the defective product itself.

Financial losses from loss of market share/goodwill

This exclusion applies to losses resulting from decreased market share or goodwill due to product harm, as they are considered indirect damages not covered by the policy.

Willful manufacturing/distributing of defective/dangerous products

Product Liability Insurance policy does not cover losses resulting from willful or intentional misconduct by the insured, including claims for bodily injury, property damage, or harm caused by defective products.

Injuries sustained while manufacturing the product

Product Liability Insurance policy excludes coverage for injuries sustained by insured employees during product manufacturing, as these are typically covered under workers' compensation insurance policies.

Technology product claims

Product Liability Insurance policy excludes losses related to technology products, including intellectual property claims or performance failures, due to their complexity and reliance on advanced technologies.

Coverages
Exclusions

Product injury

This Product Liability Insurance coverage extends to attorney fees, settlements, and court judgments, addressing issues such as design flaws, manufacturing defects, inadequate warnings, and injuries caused by product use.

Product-related property damage

Product Liability Insurance shields your business if a product you sell or manufacture causes damage to a customer's property, whether from defects or errors in the instruction manual.

Product-related illness

Product Liability Insurance provides coverage for illnesses resulting from products sold or manufactured by your business, such as expired food or allergenic beauty products.

Products causing wrongful death

Product Liability Insurance addresses lawsuits, burial expenses, and other costs associated with customer death resulting from your product.

Legal representation costs

This includes covering costs for providing documentation or information to investigators regarding product-related issues.

Public relations costs

It reimburses expenses incurred in managing and mitigating negative company reputation stemming from product-related allegations.

Court attendance costs

Product Liability Insurance provides coverage for reasonable costs and expenses associated with attending court proceedings, hearings, trials, and depositions related to defending product-related claims.

Crisis communication costs

Product Liability Insurance covers costs for hiring public relations or crisis management firms to advise on public communication strategies related to product claims, lawsuits, or allegations.

Your Journey to Suraksha

Select Policy

Choose from a range of 20+ Insurance Products that suits your needs

Submit Basic Information

To underwrite the perfect policy for you, we will require some details about your business

Select a Quote

Compare Quotes from 20+ Top insurers - Realtime.

Activate your Policy - Instantly

Get covered instantly and access your policy online.

BK Policy Image
BK Policy Image
BK Policy Image
BK Policy Image
BK Policy Image
BK Policy Image
BK Policy Image
BK Policy Image
BK Policy Image
BK Policy Image
BK Policy Image
BK Policy Image

When can I Claim?

A claim under Product Liability Insurance can be registered in the below circumstances:

  • Defective design, manufacturing, or inadequate warnings.
  • Property Damage caused by the insured product's defect.
  • Bodily Injury resulting from the insured product's defect.
  • Legal Defence, or Costs for lawsuits related to product defects.

Claim what’s yours with BimaKavach

Have more questions?

Phase 1

Intimation

Intimate your claim

Notify BimaKavach about your claim by contacting your Bima Relationship Manager.

ETA: INSTANT
We register your claim

We log your claim details into our system and pass it on to the insurer for further processing.

ETA: 3-5 Business Days
Phase 2

Confirmation

Documentation

Collect and submit all necessary documents to support your claim.

ETA: 3-5 Business Days
Evaluation begins

Our team assesses the claims validity & makes a good case for your claim with the insurer.

ETA: 3-5 Business Days
Phase 3

Settlement

Settlement is decided

The insurer determines the settlement amount based on the evaluation.

ETA: 3-5 Business Days
You receive the settlement

The approved compensation is transferred to you.

ETA: 3-5 Business Days
Claims. Delivered

Have more questions?

Common insurance questions answered

Can’t find what you’re looking for?

We assumed you want general questions first, but feel free to ask us about specifics

Product
General
Buying Process
Claims
Who are We
What is covered under Product Liability Insurance?
Product Liability Insurance typically covers Product injury, Product-related property damage, Product-related illness, Products causing wrongful death, and more.
Who needs Product Liability Insurance?
Product Liability Insurance is typically needed by Manufacturers & Distributors, Retailers & Wholesalers, Businesses with Rapid Innovation, Importers/Exporters, and Businesses Selling Physical Products.
How much does Product Liability Insurance cost?
The cost varies based on business size, industry, and coverage limits.
Can I bundle Product Liability Insurance with other policies?
Yes, it can be bundled with other policies like General Liability Insurance and Directors and Officers Insurance for comprehensive coverage.
What are common exclusions in Product Liability Insurance?
Exclusions include product guarantee, repairing/Refurbishing costs, financial losses from loss of market share/goodwill, and more.
How do I file a claim under Product Liability Insurance?
Notify your insurer promptly, provide necessary documentation, and cooperate during the investigation.

Can’t find what you’re looking for?

Take control of your insurance digitally

Access Your Policy

Access Your Policy

Find everything related to your policy in one place.

Edit your Details

Edit your Details

Modify your policy details as your business grows.

Raise your Claims

Raise your Claims

Raise and track active claims with complete transparency.

TechImage

Ready to buy insurance?
We’re here

Our IRDAI-certified Bima experts are here to help you get the right business insurance.

our experts
our experts