Public Liability
Summary
Product Liability Takaful protects the companies exposed to risks such as manufacturing or selling of products that can be hazardous for the consumers’ health and property. The manufacturer/seller of the faulty product could be held liable for such damages, exposing them to financial losses.
This takaful is designed to cover legal liability to third parties for accidental bodily injury to any person or accidental loss/damage to material property caused in connection with the Business and happening within the defined Territorial limits.
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This Takaful PMD provides indemnity to the third party due to the Legal liability of the Participant resulting from negligence of the Participant or his employees/family members causing:-
Accidental bodily injury and/or death.
Accidental damage to property (excluding property belonging to/in the custody of/under the control of the Participant, family members or employees.
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- Product Liability Takaful protects the companies from financial losses occurring from selling/ manufacturing of faulty products hazardous to consumers’ health and property.
- Legal liability to third parties for accidental bodily injury to any person or accidental loss/damage to material property caused in connection with the Business and happening within the defined Territorial limits.
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- Presence of circular saws or other machinery driven by gas, water electricity or other mechanical power.
- Fencing of machine, plant and ways.
- Usage of acids, gases, chemicals or explosives at the plant.
- Present takaful of yourself or employees.
- Medical services if any provided to employees.