Public & Products Liability Insurances

A constant feature of commercial package policies, it is easy to overlook the various risk features demonstrated by customers relating to these classes of insurance. This session is designed to provide a brief introduction (or refresher as appropriate) to these areas and to examine the various extensions to cover, why these are available and who may benefit from buying them.

• Understand the application of public and products liability policy cover
• Know how liability can attach to a firm for third party losses involving damage and injury/disease and through the supply of defective products
• Be able to determine the suitability of certain extensions to cover for insurance customers
• Be familiar with the impact of legislation concerning the settlement of personal injury claims and the supply of consumer goods in the UK

• Brief precis of policy cover.
• The ‘occurrence’ policy trigger and those products supplied where a ‘claims made’ policy trigger is used.
• The impact of cover being provided for ‘any one claim’ (PL) and ‘in the aggregate (Products)
• Exclusions concerning ‘deliberate acts’ on the part of the policyholder
• Extensions to cover – Bartoline (pollution), Pure financial loss
• The impact of the changes in the personal injuries discount rate
• Overview of the Consumer Protection Act 1987 and Consumer Rights Act 2015