ASIAN ALLIANCE RISK SERVICES TAIWAN
- Property Damage Insurance
- Marine Cargo Insurance
- Product Liability Insurance
- Commercial General Liability Insurance
- Directors and Officers Liability
- Construction/ Erection All Risks (Car/Ear) Insurance
"Your product" means:
a. Any goods or products, other than real property, manufactured, sold, handled, distributed or disposed of by:
(1) you;
(2) others trading under your name; or
(3) a person or organization whose business or assets you have acquired; and
b. Containers (other than vehicles), materials, parts or equipment furnished in connection with such goods or products.
"Your product" includes:
a. Warranties or representations made at any time with respect to the fitness, quality, durability, performance or use of "your product;" and
b. The providing of or failure to provide warnings or instruction.
"Your product" does not include vending machines or other property rented to or located for the use of others but not sold.
Product liability insurance covers you against compensation awarded as a result of damage to property or personal injury caused by your product. It may not cover you against financial losses to a business or person caused by a faulty product which you manufactured, serviced or supplied.
Product liability covers you against unforeseen circumstances, such as product faults your quality control system couldn't trace. If you simply make an inferior product, you may be unable to make a claim, or even get insurance. Bad workmanship is not covered either.
