What does Related Product Liability Exclusion mean? Read on to discover the definition & meaning of the term Related Product Liability Exclusion - to help you better understand the language used in insurance policies.
Related Product Liability Exclusion
An exclusion of liability found in some architects and engineers (A&E) professional liability policies precluding coverage of claims involving products that are manufactured or designed by the insured. The rationale for the exclusion is that if a third party suffers bodily injury (BI) or property damage (PD) from the insured's products, the insured's commercial general liability (CGL) policy should cover the loss.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
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