Vendors coverage
Term · Insurance and risk management · MLC-T-INS-003470
An extension of a manufacturer's or distributor's product liability insurance policy that protects retailers or other sellers of the insured's products. It covers the vendor against claims arising from the product's design, manufacturing, or labeling. This coverage typically applies only if the vendor is named in a lawsuit alongside the manufacturer.
| Identifier | MLC-T-INS-003470 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003470",
"term": "Vendors coverage",
"field": "Insurance and risk management",
"definition": "An extension of a manufacturer's or distributor's product liability insurance policy that protects retailers or other sellers of the insured's products. It covers the vendor against claims arising from the product's design, manufacturing, or labeling. This coverage typically applies only if the vendor is named in a lawsuit alongside the manufacturer.",
"url": "https://mlchart.com/terminology/insurance/vendors-coverage/"
}
Record 3,574 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.