Benefits of Aerospace Liability Insurance
There are many benefits of aerospace products liability insurance, and policies will vary; some of the key benefits include:
- Protection from costly lawsuits
- Coverage for product recalls
- Protection from damage caused by defective products
- Coverage for legal expenses incurred in a lawsuit
- Protection from damage caused by faulty design or construction of products
- Coverage for damage caused by inadequate instructions or warnings about products
- Coverage for damage caused by the use of incorrect parts or components in products
- Protection from damage caused by environmental hazards
- Coverage for damage caused by a breach of contract
- Protection from damage caused by cyber attacks
Manufacturers should strongly consider purchasing aerospace products liability insurance to safeguard themselves from a multitude of risks.
More Information
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