With the rising volume and interdependence of global trade, the demands for product liability become increasingly crucial and essential to manufacturers, distributors and suppliers; particularly for those products exporting to European and American countries. Aon-COFCO Product Liability is the leading provider of product liability insurance and risk solutions in China. Our team focuses on providing superior programme service to export enterprises.
In today’s global trade market, China is the biggest producer and exporter of manufactured goods in the world, whose trade surplus exceeds 5 percent of total volume of imports and exports. As China continues to be the largest labour market in the world, it is reasonable to expect continued growth in this area.
Given the different jurisdictions and the prevalence of safeguarding clients’ legal rights in different export countries, Chinese vendors are experiencing increasing claims pressure when exporting to America and Europe. Local exporters with large quantities of foreign orders or companies who plan to develop within the European and US markets will inevitably face the following issues:
While your company is working hard to capitalise on the global market, it is imperative to recognise and avoid the following conditions:
Product Liability Insurance
Product liability insurance is designed to cover claims that may arise from personal injury and property damage as a result of using your products.
At Aon-COFCO, we understand our clients’ risk through our commitment to risk engineering and loss control reports that enable us to produce comprehensive product liability risk solutions and drive competitive pricing in the insurance market.
Through close relationship with international product liability insurance markets, we can arrange competitive insurance proposal with our expert negotiate skills. and it will ensure the sustainable growth of your business globally.