Design Liability: Are Component Manufacturers Adequately Protected by Insurance?
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Design Liability: Are Component Manufacturers Adequately Protected by Insurance?
- A CGL policy typically provides limited protection for certain activities as long as losses result in bodily injury and/or property damage.
- The type and limits of insurance will depend on the extent of component design activities in which your company engages.
- Check your CGL policy for a professional services endorsement; if it exists take action to delete it.
2008 Jan/feb