Page 116 - Liability Insurance IC74

The Insurance Times

are excluded under the policy.

(vi) Liabilities arising out of the products which have left
the custody or control of the insured prior to
retroactive date specified in the Schedule. Period of
Insurance means the period commencing from the
retroactive date and terminating on the expiry date.
Also, the Indemnity only applies to claims arising out
of accidents, during the period of insurance and first
made against the Insured during the policy period.
However, if accidents during the period of insurance
are caused by products which have left the custody
or control of the insured prior to the retroactive date,
then there is no liability under the policy.

(vii)Liability for damage to property belonging to the
insured or held in trust. or in custody or control of
the Insured or a person in the service of the insured
or a person in the service of the insured.

In essence, the products liability policy is designed to
indemnify for damage to property of third parties. If the
Insured's products cause damage to his own property
or his, or his employee's custody, there is liability under
the policy.

Q10. M/s Sunflower Manufacturing Company, Thane,

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