Guam Products Liability Questionnaire

State:
Multi-State
Control #:
US-Q1034
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in a product liability matter. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney’s case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client’s needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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How to fill out Products Liability Questionnaire?

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FAQ

Public liability insurance reacts in circumstances in relation to the delivery of your services, whilst Products liability reacts in circumstances in relation to products you have manufactured, supplied, or sold.

The CGL policy covers three types of liability exposures: premises and operations exposure, products and completed operations exposure, and indirect/contingent exposure.

Liability insurance provides protection against claims resulting from injuries and damage to people and/or property. Liability insurance covers legal costs and payouts for which the insured party would be found liable. Provisions not covered include Intentional damage, contractual liabilities, and criminal prosecution.

The backbone of the ISO liability policy is the Commercial General Liability Coverage Form or CGL. This form provides three separate coverages: Coverage A, Bodily Injury and Property Damage Liability. Coverage B, Personal and Advertising Injury Liability.

The difference is that Public Liability relates to injury or property damage whilst you're on the job, and Products Liability relates to injury or damage caused by any products you distribute, supply or manufacture.

In a nutshell, Public Liability covers your business from accidental claims that arise from business activities that may cause injury or damage to a third-party's property. Product Liability covers your business from accidental injury or damage to a third-party's property from the products provided by your business.

For example, let's say a customer buys a power tool that your business manufactures. A defect in the tool ends up injuring the customer, and they sue your business. Your general liability insurance policy's product liability insurance helps cover: The customer's medical costs to treat their injury.

Commercial General Liability (CGL) insurance protects business owners against claims of liability for bodily injury, property damage, and personal and advertising injury (slander and false advertising).

You should consider product liability insurance if your business designs, manufactures or supplies a physical product that is sold or given away for free. Your business may be held legally responsible for any injuries to people or damage to property caused by a faulty product.

Public and product liability insurance protects businesses from paying compensation to a third party in the event of personal accidents, injury or property damage resulting from any business activity and manufactured or supplied product.

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Guam Products Liability Questionnaire