Ping an product liability insurance clause

1. Policy content: Product liability insurance covers the economic compensation responsibilities that the manufacturer should bear according to law because of the defects of the products produced by the manufacturer, which cause personal injury or property loss to users or third parties who use and consume the products.

2. Rate: There is no uniform rate, mainly depending on product category, turnover, sales area, product certification standard, product inspection report, cumulative compensation limit and compensation limit each time. Rates vary from region to region. In Beijing, PICC generally starts at 40 thousand premium, and it will not be done if it is less.

3. Product liability insurance for food is not mandatory in China at present, and whether to insure it is an independent behavior of enterprises;

Insurance companies selling product liability insurance: China PICC P&C Insurance, Pacific Property Insurance, Ping An Property Insurance, China Life Insurance and other property insurance companies.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.