MLchartDataset catalogue

Products guarantee legal liability

Term · Insurance and risk management · MLC-T-INS-002701

The legal responsibility of a manufacturer or seller for defects in their products that cause harm or damage to consumers or their property. This liability can arise from negligence, breach of warranty, or strict liability, depending on the jurisdiction. Products guarantee legal liability is typically covered by product liability insurance policies.

Table 1. Record
IdentifierMLC-T-INS-002701
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002701",
  "term": "Products guarantee legal liability",
  "field": "Insurance and risk management",
  "definition": "The legal responsibility of a manufacturer or seller for defects in their products that cause harm or damage to consumers or their property. This liability can arise from negligence, breach of warranty, or strict liability, depending on the jurisdiction. Products guarantee legal liability is typically covered by product liability insurance policies.",
  "url": "https://mlchart.com/terminology/insurance/products-guarantee-legal-liability/"
}

Record 2,749 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.