New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    _______ is an insurance coverage protecting the

    manufacturer, distributor, seller of a product against legal liability resulting from a defective condition causing personal injury, or damage, to any individual or entity, associated with the use of the product.
    A Product Liability Correct Answer Incorrect Answer
    B Unauthorized Reinsurance Correct Answer Incorrect Answer
    C Retro cession Correct Answer Incorrect Answer
    D Retrospective Rating Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Product liability insurance protects against claims of personal injury or property damage caused by products sold or supplied through your business. It is designed to help protect your business by ensuring that if this happens, you don't have to pay any legal or court costs.

    Practice Next