Hong Kong’s Best Product Liability Insurance Coverage
“Ensure you’re properly protected in the event of legal action with a sophisticated product from Grand Trust Underwriters. Very few insurance intermediaries in Hong Kong have our expertise on product liability insurance.” And I don’t make this claim lightly.
I am James Ho from Grand Trust Underwriters, and for the past 20 years, I have worked very hard to make myself an expert in this field. Not only am I trusted by our clients and insurance company, I am also highly recommended by merchandisers from major retailers and world branded licensers.
Being a trusted adviser to the merchandisers, I can tell you the following – on more than one occasion, they told me if they ever need to choose between two very similar suppliers, they will pick the one that has existing product liability insurance coverage, every single time.
If you are a manufacturer or an exporter, you need to understand that “a manufacturer and anyone involved in the distribution of a product is responsible for the product and for the duration of its life span if it causes injury and damage to the user or anyone come into contact with it.”
A product liability insurance policy you can put your faith in
The legal environment of the world is changing in a rapid pace. People in USA, Japan, and the European Union are more aware of the safety and damage recovery of a product. For them, finding a lawyer that is eager to sue for you involves just a few clicks on the keyboard.
Every country has their own set of laws on product liability. Your insurance policy needs to take this into account. Even China has at least two major statutes. Even if you won at the end, the legal fees itself will most likely put you and your company in a very bad shape.
What can you do to lower your risk?
Get a product liability insurance policy!
The right policy will provide coverage for the legal cost of defending the litigation, the compensation for the injured person/damaged property (excluding punitive damage) and more, at a very reasonable premium.
To learn more about the product liability insurance coverage we offer in Hong Kong or to get a quotation, please contact us.
- Application Form
- Product Photo
- Test reports (if any)
- Warning Labels (if any)
- User Manual/Instructions (if any)