Product liability Insurance
The program is, aimed at protecting the property interests of commodity producers -related obligations arising from harm to consumers.
In recent years, there have been frequent instances of claims against industrial and commercial enterprises from consumers affected by the use of the products manufactured or sold by them. In most cases, judicial bodies decide on the satisfaction of such claims based on the norms of the Civil Code, as well as legislation on consumer protection.
The obligation to compensate for claims brought by consumers can hurt the financial stability of any company, divert money from the main business of the company, not to mention the fate of the affected individuals, their relatives, and also, which is very important for all manufacturers, can damage reputation and credibility. And, brand name of the manufacturer.
The insurance company "BIMA" offers a way to minimize this type of risk - the program of insurance of liability for damage caused by manufactured or sold products or services. This program provides insurance protection for a commodity producer in the event of claims filed against it in accordance with civil law legislation in connection with the unintended damage to life and health or damage to consumer property as a result of the defective product produced or work performed (services rendered).
— Causing damage to the property of legal entities and individuals as a, result of the use of the goods (products) they have acquired, which has constructive, prescription or other defects.
— Causing damage to the property of legal entities and individuals as a, result of deficiencies in the work performed or service rendered.
— Causing damage to the property of legal entities and individuals as a, result of failure to provide complete or reliable information about the product (work, service).
— Causing harm to life and health of citizens due to lack of food, goods, work performed or services rendered.
— Causing harm to the life and health of third parties due to the failure to provide complete or reliable information about the product (work, service).
Benefits of Insurance:
— Financial protection in the event of unforeseen situations and, as a consequence, the emergence of obligations to consumers.
— Reliable risk reinsurance program, cooperation with leading world level partners.
— The insurance organization "BIMA" provides the opportunity to choose the most convenient and suitable option of insurance protection.
— Improved financial stability and image of the enterprise.
— The possibility of issuing a single insurance policy for several types of liability at once (namely, a policy covering the risks of its general civil liability, liability for goods produced, work performed or services rendered, employer liability)
Insurance payment will help:
— Pay for expenses in case of claims from third parties.
— Reduce the possible of appearing litigation.