The policy indemnifies you against all sums which you are legally liable to pay as damages or compensation in respect of bodily injury and property damage arising out of claims made against you during the period of insurance as a result of an accident caused by anything defective in your product sold or supplied by you during the period of insurance.
We will pay all sums which you become legally liable to pay as damages or compensation in respect of:
- bodily injury
- property damage
as a result of a claim first made in writing against you during the period of insurance within the Territorial Limits as a result of an occurrence in connection with your products specified in the policy schedule and we will pay all costs and expenses of litigation recovered by any claimant against you and/or incurred with the written consent of the Insurer, subject to the Limit of Indemnity as specified in the policy schedule
Note: Please refer to the Policy Contract for the full product features and benefits
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Berjaya Sompo Insurance Berhad or PIDM (visit www.pidm.gov.my)
Major Exclusions
- Contractual liability
- Damage to your products
- Products recall
- Products guarantee
- Pollution
- Injury to employees
- Radioactive contamination
- Pure financial loss
- War and terrorism
- Nuclear Energy Risks
- Fines, Penalties, Punitive or Exemplary damages
- Professional Liability
- Defective design or error in Specification or formula of the Insured Products
- Asbestos
- Electromagnetic Fields
Note: This list is non-exhaustive. Please refer to the Policy Contract for the full list of exclusions.
