A policy that provides indemnification against legal liability for unintended physical injury/ harm caused by the product to outsiders.
Product liability insurance protects companies that could be exposed to financial loss due to claims resulting from product issues or faults. This policy covers legal defence costs, settlements, and awards given to those injured. It is especially useful in industries where product errors can lead to serious damage.
Not only does the coverage helps to pay for any legal fees, but it also assists businesses in improving safety standards to lessen the chances of future claims being made. It is a type of protection that grants indemnity in the case of legal responsibility due to accidental harm or destruction caused by the product to third parties.
In addition to legal expenses, product liability insurance can also cover medical expenses, compensation, and business losses.
Outside of hours, request a callback for inquiries & applications.
Mon-Fri 08.00am-6.00pm;
Sat 9.00am-5.00pm.
Visit us at Eco Bank Towers, 10th Flr, Opp. 680 hotel.
Shimin Insurance Agency is licensed to carry out insurance business as an intermediary and has its headquarters at Co-op House along Haile Selassie Street, Nairobi. Through establishing partnerships with various reputable insurance companies in the industry, the Agency has developed a full banquet of innovative insurance products and services that address the insurable needs of our customers and offers these services from across our branches in Kenya.
Eco Bank Towers, 10th Flr,
Opp. 680 Hotel
Address:
103683-00101, Nairobi – Kenya.
Tel: 0794 589 905