{"id":3913,"date":"2021-10-15T17:00:49","date_gmt":"2021-10-15T10:00:49","guid":{"rendered":"https:\/\/www.insuranceinasia.com\/?page_id=3913"},"modified":"2022-07-13T16:15:19","modified_gmt":"2022-07-13T09:15:19","slug":"product-liability-2","status":"publish","type":"page","link":"https:\/\/www.insuranceinasia.com\/businesses-employers\/product-liability-2\/","title":{"rendered":"Products Liability"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3913\" class=\"elementor elementor-3913\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ff429a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ff429a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-2adfc69\" data-id=\"2adfc69\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-3a5d1ad\" data-id=\"3a5d1ad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e9b8291 elementor-widget elementor-widget-heading\" data-id=\"e9b8291\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 15-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Product Liability for Exporters <\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-503e9b5 elementor-widget elementor-widget-heading\" data-id=\"503e9b5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Product liability is personal protection similar to Professional Indemnity insurance for production factory owners. Western countries consumers engage in legal action against the productor of the goods.<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-14a4005\" data-id=\"14a4005\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ffe4bc9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ffe4bc9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b91ba2b\" data-id=\"b91ba2b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4dc98cb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4dc98cb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-16cde8e\" data-id=\"16cde8e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3209741 elementor-widget elementor-widget-image\" data-id=\"3209741\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 15-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"516\" height=\"399\" src=\"https:\/\/www.insuranceinasia.com\/wp-content\/uploads\/2021\/10\/Product-Insure.png\" class=\"attachment-full size-full wp-image-4155\" alt=\"\" srcset=\"https:\/\/www.insuranceinasia.com\/wp-content\/uploads\/2021\/10\/Product-Insure.png 516w, https:\/\/www.insuranceinasia.com\/wp-content\/uploads\/2021\/10\/Product-Insure-300x232.png 300w\" sizes=\"(max-width: 516px) 100vw, 516px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-41e3409\" data-id=\"41e3409\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-37e4f71 elementor-widget elementor-widget-heading\" data-id=\"37e4f71\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">More exporters purchase Product Liability Insurance to protect their business<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6faface elementor-widget elementor-widget-heading\" data-id=\"6faface\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">With more EU\/ US laws protecting public health, exporters and distributors are at risk of an international lawsuit in case of defect endangering health or life of the consumers. Did you know 40 angry Facebookers against your product can trigger a class action, with free lawyer? How can product liability insurance can avoid CEO a jail term? With more and more class actions for product defects, product insurance against civil or criminal lawsuits by consumers for Makers has never been more in need, especially for exporter to USA and the EU as a group of 40 angry Facebookers can start suing you. <\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ba02f8f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ba02f8f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-f205c7a\" data-id=\"f205c7a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3dde301 elementor-widget elementor-widget-heading\" data-id=\"3dde301\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Product Liability Insurance protects you against criminal lawsuit<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99d76ad elementor-widget elementor-widget-heading\" data-id=\"99d76ad\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Did you know that only a 40 angry Facebook group of customers can engage in class-action against whoever makes or distributes defective products? Actually, a couple of injuries or death by a product, is sufficient number of customers, for others to join as potential victims. The next thing is some class-action lawyers can suggest free service to sue the business owner for a share of monies paid by the owner\/ insurer for the prejudice caused to the plaintiffs. NB. just to remind you that the cost of 1 lost life or permanent disability in the Western world is in the couple of millions Euros\/ US dollars.\nIf not paid by the company or the insurer, the worse case scenario could be personal negligence: <br>\n- Going from civil court to criminal court  <br>\n- Going from corporate indemnity to personal assets or jail term<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-af66254\" data-id=\"af66254\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2aa7a99 elementor-widget elementor-widget-image\" data-id=\"2aa7a99\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.insuranceinasia.com\/wp-content\/uploads\/elementor\/thumbs\/Business-and-Employer-18-qbdcpwwjvxyf8u9p62yhqezl3bv5khav6vi117z5s0.jpg\" title=\"Business-and-Employer-18\" alt=\"Business-and-Employer-18\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6d5564a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d5564a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2064ad5\" data-id=\"2064ad5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7cab29b elementor-widget elementor-widget-heading\" data-id=\"7cab29b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Protect your business in Vietnam<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a833a48 elementor-widget elementor-widget-accordion\" data-id=\"a833a48\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 15-04-2024 *\/\n.elementor-accordion{text-align:start}.elementor-accordion .elementor-accordion-item{border:1px solid #d5d8dc}.elementor-accordion .elementor-accordion-item+.elementor-accordion-item{border-top:none}.elementor-accordion .elementor-tab-title{margin:0;padding:15px 20px;font-weight:700;line-height:1;cursor:pointer;outline:none}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{display:inline-block;width:1.5em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon svg{width:1em;height:1em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-right{float:right;text-align:right}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-left{float:left;text-align:left}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-closed{display:block}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-opened,.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-closed{display:none}.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-opened{display:block}.elementor-accordion .elementor-tab-content{display:none;padding:15px 20px;border-top:1px solid #d5d8dc}@media (max-width:767px){.elementor-accordion .elementor-tab-title{padding:12px 15px}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{width:1.2em}.elementor-accordion .elementor-tab-content{padding:7px 15px}}.e-con-inner>.elementor-widget-accordion,.e-con>.elementor-widget-accordion{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1761\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1761\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Who needs Product Liability Insurance: Vietnam manufacturers exporters<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1761\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1761\"><p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">In most developed countries where goods are shipped from Vietnam, consumers are protected by law, national certification organizations and the company producing or distributing:<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Product quality standards laws of the Importing country (technical specs and packaging)<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Industry specifications and registrations certifications (medicines, electricity\u2026)<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Hygiene and security standards of the country<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Products specifications by the client &#8211; 100% controlled or not by whoever is QCS<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">Any damage by any 1 product to the consumer causing material damage or bodily injury or disability to the final client may give rise to a legal action for indemnity for defective product. If say, 1 defective product -like a lamp producing an electric shock-, causes 1 death estimated to USD2Mio prejudice to the dependents, imagine the possible exposure of an export shipment of 1,000,000 pieces. Whether multiple injuries cases, mass repairs or recalls will surely incur costs that someone will be liable for.<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">NB. In Vietnam, product liability insurance is not widely purchased as the \u2018cost of life\u2019 is not high, legally the equivalent of 30-month salary.<\/span><\/span><\/p>\n<div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1762\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1762\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What Product Liability Insurance covers\u200b<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1762\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1762\"><p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">When you purchase Product Liability Insurance, the insurer will indemnify the Insured against all sums that the Insured are legally liable to pay compensation in respect of:<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Bodily injury to or illness or disease of any person<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Loss of or damage to property<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Extension of cover to Product recall insurance<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">Caused by any defect in or the harmful nature of any product supplied by the Insured in connection with the Insured\u2019s business. It will also pay costs and expenses of litigation in respect of a claim against the Insured for compensation.<\/span><\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1763\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1763\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Extension to Product recall insurance\u200b<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1763\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1763\"><p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">When you purchase Product Recall insurance, you will be covered for expenses related to a product recall incident. Such expenses could be:<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; The cost of publishing the recall<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; The cost of shipping the recalled product<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; The cost of hiring additional persons to analyse, research, inspect\u2026 the recalled product<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Remuneration paid to employees for overtime<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Renting additional warehouses<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Disposal of the recalled product<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Costs incurred as a result of the Insured\u2019s liability to wholesalers, distributors, retailers\u2026<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Repairing or replacing the product<\/span><\/span><\/p>\n<div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1764\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1764\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Expertise in Product liability insurance for Vietnam exporters\u200b<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1764\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1764\"><p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">For the selection process we will select the right insurer and product&nbsp;<\/span><\/span><span style=\"font-size: 16px; color: rgb(112, 112, 112); font-family: Mulish; font-style: inherit; font-weight: inherit;\">but more importantly, we help our client define:<\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Who should be responsible for what risk?<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; The regulations and compliances in the country you export and you are exposed to<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Define the perimeter thus the limit of liability and coverage<\/span><\/span><\/p>\n<p style=\"line-height: 20px; margin-bottom: 0em;\"><span style=\"color: #707070; font-family: Mulish;\"><span style=\"font-size: 16px;\">&#8211; Compare 2 or 3 providers onshore or offshore based on reliability of \u2018the brand signature\u2019 but also their specialty in the country of export<\/span><\/span><\/p>\n<div><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a110f2a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a110f2a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ce8ff1b\" data-id=\"ce8ff1b\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-26323c9 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"26323c9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.insuranceinasia.com\/key-person-life-accident-insurance\/\">Keep the business afloat by insuring a key employee <\/a><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0899a7c elementor-align-right elementor-widget__width-auto elementor-mobile-align-center elementor-widget-mobile__width-inherit elementor-widget elementor-widget-button\" data-id=\"0899a7c\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.insuranceinasia.com\/key-person-life-accident-insurance\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-adf92f0\" data-id=\"adf92f0\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c60957 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"1c60957\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.insuranceinasia.com\/get-a-quote\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Product Liability for Exporters Product liability is personal protection similar to Professional Indemnity insurance for production factory owners. Western countries consumers engage in legal action against the productor of the goods. More exporters purchase Product Liability Insurance to protect their business With more EU\/ US laws protecting public health, exporters and distributors are at risk [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":2359,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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