Legal Liability Insurance For Damages Arising From Unsafe Products Thailand
Compare the best plans and rates for Legal Liability Insurance for Damages Arising from Unsafe Products in Thailand with us.
What is Legal Liability Insurance for Damages Arising from Unsafe Products ?
This is an insurance policy that provides protection for business owners in Thailand who are legally responsible for any harm caused to consumers by their unsafe products, whether intentionally or unintentionally. The policy is based on the principle of strict liability, which is in line with the Product Liability Law of 2008.
With this insurance, businesses can protect themselves from financial losses that may result from lawsuits and other legal actions. It covers the costs of legal fees and settlements or judgments that may be awarded to injured parties allowing businesses to continue operating even in the face of legal challenges.
This type of insurance is particularly important for businesses that manufacture or sell products, as it can help them avoid potential financial disasters resulting from product defects or other unsafe conditions. By having this coverage, businesses can demonstrate their commitment to customer safety and build trust with their stakeholders.
In summary, product liability insurance in Thailand is a crucial protection for businesses that sell or manufacture products. It provides financial protection against legal challenges resulting from product defects or unsafe conditions, while also helping businesses build their reputation for safety and quality.
Who should buy Legal Liability Insurance for Damages Arising from Unsafe Products ?
Legal Liability for Damages Arising from Unsafe Products:
- Manufacturer Or Product Owner or Importer
- The seller of the product that cannot identify the manufacturer,Employer to produce or importer of such product
- Anyone that use a tradename or trademark on the product that cound be understood that they are the product manufacturer or the product owner or the importer
What does a Legal Liability Insurance for Damages Arising from Unsafe Products policy cover ?
Protect your business from third-party claims for compensation resulting from defective products or hazardous conditions associated with your products, including packaging, that cause injury or damage to shareholders or customers. This type of insurance coverage falls within the scope of the policy and assumes responsibility for costs such as:
- Legal expenses
- Legal representation fees
- Damages
- Examination and payment of compensation to the claimant
- Security collateral expenses
- Crisis management expenses
- Compensation for seized assets
- Litigation expenses
- Public relations expenses
- Expenses related to repatriation for legal proceedings
- Losses arising from fines and penalties in civil cases
How much does a Legal Liability Insurance for Damages Arising from Unsafe Products policy cost ?
The premium rates for Directors and Officers Liability Insurance are mainly determined by the following factors.
- Insured Amount
- Loss Experience
- Type of Product
- Amount of Product
- Location
- Indusry Type
Interested in purchasing Legal Liability Insurance for Damages Arising from Unsafe Products policy ?
Contact us for discounts on the policy.
Why do you need to buy Legal Liability Insurance for Damages Arising from Unsafe Products via us ?
Get offers (plans and pricing) from different insurance companies in one place, without the hassle of contacting each company individually. With our expertise, we know exactly which companies you need for your insurance requirements.
Forget about complicated steps and the hassle of buying group business insurance. With us, you can consult with our experts right away, no matter what type of group insurance you need
Stremline your business group insurance with our dashboard business portal. Buy, manage, or cancel your business insurance policies via our portal right away. Easy and flexible.
You are in safe hands! - Our customer service teams specializing in business group insurance are committed to providing prompt and efficient service. They understand that time is of the essence when it comes to insurance claims and inquiries, and work quickly to resolve any issues or concerns that customers may have.
Trust our team to reduce your customer risk with our services.
We are experts with over 20 years of experience serving over 1M+ policies issued worldwide across a variety of industries including travel and tourism, retail, and hospitality to name a few.
Customer service is our core value
Customer service is our core value since our founding. Having our roots in the direct insurance broker business we have never strayed from our excellence in customer service.
Underwritten by Leading Insurance Companies
All our services are underwrite by leading insurance companies and are up to the industry standards offering even more than traditional comprehensive insurance plans. All protection is complying with all laws , regulations, and compliance.
Proven results
We work closely with businesses to understand their unique insurance requirements and identify areas where savings can be made. We offer a range of services, including policy analysis, risk assessment, and coverage review, to ensure that businesses are getting the most value from their insurance policies.
Save now, with us for your Legal Liability Insurance for Damages Arising from Unsafe Products policy
Save on business group insurance premiums with tailored mode products for your business with us.
The average saving rate in buying a group insurance that we have tailor-made the plans for.
The average satisfaction rate when it comes to service handlings by our team.
Streamline Your Business Insurance Experience: Buy, Manage, Share , Add/Update/Cancel your business isnurance policies with Our Innovative Insurance App
Trusted by
