Aim

To indemnify the manufacturers, distributors, suppliers, retailers of the product against the legal liability for bodily injury and/or property damage to third party arising out of or in connection with the products insured.

Annual Policy Basis

Market

A prerequisite for certain products when trading out to USA, Canada.  Depending on complexity in legislation under the territory involved, the premium rate for territorial risk in USA and Canada is normally higher than that of risk in rest of the world.  Only a few insurers are willing to underwrite this type of insurance.

Remarks:
There are many conditions, exclusions and warranties that can be applied for these policies. It is therefore important that you discuss with your insurance adviser any that are applicable to your policy.