Related product liability exclusion
Term · Insurance and risk management · MLC-T-INS-002867
A provision in an insurance policy that denies coverage for claims arising from product liability when the product is related to another product that caused the initial loss. This exclusion prevents a cascade of claims from interconnected products, limiting the insurer's exposure. It is often found in policies covering manufacturers or distributors of complex systems.
| Identifier | MLC-T-INS-002867 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002867",
"term": "Related product liability exclusion",
"field": "Insurance and risk management",
"definition": "A provision in an insurance policy that denies coverage for claims arising from product liability when the product is related to another product that caused the initial loss. This exclusion prevents a cascade of claims from interconnected products, limiting the insurer's exposure. It is often found in policies covering manufacturers or distributors of complex systems.",
"url": "https://mlchart.com/terminology/insurance/related-product-liability-exclusion/"
}
Record 2,931 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.