Product Liability Insurance Add-on Covers

Technical Collaborators Inclusion Clause

It is a technical collaboration agreement between the insured and the collaborator against legal liabilities. The policy does not cover any claims arising outside of India, except for export claims

Vendor’s Liability Extension Clause

This policy may be extended to include any person or organisation designated as 'vendor’ as an insured, but only with the distribution or sale in the regular course of the vendor's business of the insured's products However, if the insured is not the manufacturer of the product and it is manufactured by sub- contractors or licenced manufacturers under their brand name, then the products can be covered under the product liability policy at an additional premium

North American Jurisdiction Extension Clause

The policy may be extended to cover the indemnity in respect of any judgement, award or settlement made within countries that operate under the laws of the United States of America or Canada. Such extension where a specific amount has been entered against 'Applicable Excess' and where a specific date has been entered as "Retroactive Date" in the policy schedule under the "North American Jurisdiction”

Key Features of Shriram Liability Insurance

Instant Application Process

Instant Application Process Simple and easy process for a hassle-free insurance journey

Third-Party Coverage

Get comprehensive coverage for your business needs

Claim Settlement

On-time claim settlement is guaranteed

Instant Application Process

Instant Application Process Simple and easy process for a hassle-free insurance journey

24*7 Customer Support

Resolve your queries in no time

Key Features of Shriram Liability Insurance

Frequently Asked Questions

What is Third-Party (TP) liability insurance?

Third-Party (TP) liability coverage is an insurance cover provided by the insurer to protect various third-party damages (damages to another person's body/property) of the policy holder