Product Liability Insurance
alfa money insurance agency offers Product Liability Insurance, because the market circulation of contaminated or faulty products which could endanger consumer health and safety, are a very real threat for all companies at every stage in the production-consumption chain.
This is especially true in regard to the reputation of a brand name and the consequent danger of cancellation of sales contracts and reduction in a business’s market share.
• Accidental contamination or damage to insured products which occurs during production, processing, packaging, including inaccurate information on the product’s label.
• Intentional contamination or interference to insured products
• Threats to contaminate or interfere with insured products
• Recalls by the competent authority
Who we serve:
The product liability insurance applies to any liable parties, according to law 2251/94. These are:
• Producers of finished products, components or raw materials.
• Persons appearing as producers of a product, affixing to it their name, trademark or other signifying feature.
• Importers of products for sale, financial – simple leasing or other forms of distribution, within the framework of their commercial activities.
• Suppliers of products (with activities pertaining to retail, leasing, loaning etc.)
• Service providers
• Distributors, e.g. those responsible for the circulation of products in the market.