• List of Product Liability Insurance Companies in the European Union

    Posted on Leave a comment

    European Union Product Liability Insurance

    Manufacturers, importers, and online vendors selling products in the European Union are ultimately responsible for product safety and compliance. However, product safety issues can be caused by unforeseen manufacturing defects or supply chain-related issues.

    In short, importers and manufacturers cannot entirely eliminate the risk of safety and compliance issues – resulting in personal injury or property damage.

    Should the worst happen, product liability insurance can cover some of the costs involved. In this guide, we list some of Europe’s leading product liability insurance providers, located in Germany, the Netherlands, Italy, France, and Scandinavia.

    Is product liability insurance required in the European Union?

    Product liability insurance is generally voluntary. However, many retailers require that their suppliers, including European brands and importers, have product liability insurance coverage. Further, Amazon also requires sellers that reach a certain threshold to obtain product liability insurance.

    Types of insurance providers in the European Union

    Product Liability Insurance Companies

    An insurance company sells insurance policies directly to the buyers. Some insurance companies also partner with brokers or agencies to sell their products. Insurance brokers or agencies market the policies issued by insurance companies, and might offer additional services such as price comparison, consulting, or representation during a claim.

    Not every insurance company offers product liability insurance. The types and coverage of product liability insurances are also different, depending on the terms specified in each policy.

    Product Liability Insurance Brokers

    An insurance broker is a company that represents the insurance companies to sell their insurance products. An insurance broker helps buyers to find suitable insurance products according to their needs and charges clients commission or handling fee afterward.

    Belgium

    AIG Belgium

    AIG is a global insurance company whose history can date back to 1919 in Shanghai. AIG started to operate in Belgium in 1948, specializing in offering insurance solutions to solving classic industry risks such as product liability, general liability, property liability, and casualty liability.

    With a worldwide network that reaches more than 80 countries, AIG Belgium is able to handle international programs and complex risks and provide adequate insurance solutions for big corporations and SMEs under its Multinational Toolkit.

    The solutions include risk consultant assistance, US and Canada export coverage, incidental professional liability coverage, and more. The minimum premium for product liability insurance starts from €7,500.

    Insurance Scope

    • Recall costs coverage
    • Removal and installation costs coverage
    • Immaterial damage coverage
    • US and Canada export coverage

    Type: Insurance company (Verzekeringsbedrijf)

    Address: Pleinlaan 11 / Boulevard de la Plaine 11, 1050 Brussels, Belgium

    Heuser & Schröder Versicherungen

    Heuser & Schröder Versicherungen GmbH was founded in 2014 as a broker agency providing tailor-made insurance solutions to companies, self-employed persons, and private clients. Heuser & Schröder mainly provides insurance services to clients from Benelux countries, Germany and Austria.

    The insurance scope covers liability, property damage risks, technical risks, transport insurance, cross-border commuters, and more. The insurance protects the business from a wide spectrum of liability risks, including product liability, public liability, liability after delivery, professional indemnity, and organization liability.

    The company also works with tax consultants, financial experts, and social secretariats on behalf of small and large companies.

    Type: Insurance broker (Verzekeringsagent)

    Address: Paveestraße 7, 4700 Eupen, Belgium

    Vanbreda Risk & Benefits

    Vanbreda Risk & Benefits was founded in 1937 in Antwerp, Belgium. Vanbreda Risk & Benefits is today a leading insurance broker providing insurance solutions to national firms, public and social institutions, SMEs, and the self-employed from Benelux countries. The company protects its clients from various forms of liability, including product liability, civil liability, and professional liability.

    The product liability package offered by Vanbreda Risk & Benefits covers compensation for damage caused to third parties due to a defective product due to manufacture, installation, or packaging issues.

    Insurance Scope

    • Injury, illness, or damage caused by defective products coverage
    • Legal costs and damages coverage

    Type: Insurance broker (Verzekeringsagent)

    Address: Plantin en Moretuslei 297, Antwerp, 2140, Belgium

    Denmark

    If Skadeförsäkring AB

    If Skadeförsäkring AB is a Swedish insurance company that operates in Denmark. The company’s product liability insurance covers the compensation claims that manufacturers, importers or exporters may be faced with if their products cause injuries or damages.

    If Skadeförsäkring AB provides optional cover for product liability insurance, which saves the companies from unjustified claims from third parties. It also covers damages due to defects in the companies’ products.

    Insurance Scope

    • Compensation to third-party’s injury or damage caused by defective products coverage
    • Legal and technical assistance in connection with an injury coverage
    • Compensation that may be agreed or awarded by the court coverage
    • Assistance in defending the company if unjustified compensation is claimed

    Type: Insurance company (Forsikringsselskab)

    Address: Stamholmen 159, DK-2650 Hvidovre, Denmark

    QBE

    QBE is a listed insurance company from Australia. The company currently is operating in 27 countries worldwide, employing more than 12,000 staff. QBE started its business in Denmark in 2006, providing hundreds of specialty products and the capacity to cover most business risks, including product liability.

    The product liability insurance of QBE provides financial protection to clients from paying for damages resulting from personal injury or property damage due to defective products. It also covers legal liability compensation for third-party personal injury or property damage relating to the insured business.

    According to QBE’s policy, it allows clients to invest 25% of their premium in projects that directly benefit society and the environment.

    Insurance Scope

    • Claims for damages resulting from personal injury or property damage coverage
    • Defense costs coverage

    Type: Insurance company (Forsikringsselskab)

    Address: Vester Farimagsgade 7, 1606 København, Denmark

    France

    Aon

    Aon is a leading British insurance company that sells a range of financial risk-mitigation products, including insurance, pension administration, and health insurance plans. The company has around 50,000 employees in 120 countries.

    In France, Aon offers consultation services on product liability insurance, helping clients identify, list, and evaluate their liability risks.

    Insurance Scope

    • Financial loss and reputational damage coverage
    • Legal cost coverage
    • Defense cost coverage
    • Additional claims cost coverage

    Type: Insurance company (Compagnie d’assurance)

    Address: 28 allee de Bellevue, Angoulême, Charente 16918, France

    Add Value Assurance

    Add Value Assurance is an insurance brokerage firm started in 2013 in Puteaux, France. The company specializes in offering insurance solutions to product manufacturers, distributors, physical stores, or online sellers.

    The minimum insured amount for product liability insurance offered by Add Value Assurance is € 1,500,000 per insurance year. The policy covers defense costs and any damages resulting from a claim for products sold or delivered by the company. Other add-ons policies include additional prevention costs, withdrawal costs, removal or refitting costs coverage.

    Insurance Scope

    • Company’s communication costs coverage
    • Legal defense cost coverage
    • Damages to be paid in the event of a conviction coverage
    • Withdrawal cost coverage
    • Removal and refitting cost coverage

    Type: Insurance broker (Courtier d’assurance)

    Address: 1 Avenue Du General De Gaulle, Puteaux, 92800, France

    INIXIA

    INIXIA is a subsidiary insurance brokerage firm of CREDIXIA, which specializes in offering real estate loan insurance. More broadly, INIXIA also provides other non-life insurance products, including product liability insurance, general civil liability, professional civil liability, and decennial civil liability.

    The product liability insurance coverage of INIXIA includes injury claims from third-party, legal costs, withdrawal costs, deposit costs, and more.

    Insurance Scope

    • Repair costs and search for a defective product costs coverage
    • Withdrawal fees coverage
    • Additional labor costs coverage
    • Destroying the defective product or batch coverage
    • Damages in the event of a conviction coverage

    Type: Insurance broker (Courtier d’assurance)

    Address: 75 rue du Père Corentin, 75014 Paris, France

    Germany

    Allianz Global Corporate & Specialty (AGCS)

    Allianz Global Corporate & Specialty (AGCS) is a leading corporate insurance company and represents a key business unit of Allianz Group in Germany. The company provides risk consultancy and product liability insurance solutions for a wide spectrum of corporates across 10 dedicated lines of business.

    Allianz Global Corporate & Specialty (AGCS) protects corporate businesses against claims arising from liability and creates tailored solutions for managing risks, covering personal or bodily injury, property damage, or financial loss.

    Product Categories

    Insurance Scope

    • Third-party injury or damage caused by defective products coverage
    • Financial loss and damage coverage

    Type: Insurance company (Versicherungsunternehmen)

    Address: Dieselstraße 8, Unterföhring, Munich, Bavaria 85774, Germany

    The Gothaer Group

    The Gothaer Group was founded in 1820 in Germany and is now one of the largest insurance companies in Europe. Gothaer’s product liability insurance protects manufacturers and dealers from claims for damages by third parties in accordance with the Product Liability Act of Germany, which might find manufacturers liable for claimants’ losses in various situations.

    According to the information on Gothaer’s official website, the premium for product liability insurance starts from € 2.63 a month.

    Insurance Scope

    • Personal injury coverage
    • Property damage due to defective products compensation coverage

    Type: Insurance company (Versicherungsunternehmen)

    Address: Gothaer Allee 1, 50969, Köln, Germany

    Pantaenius

    Founded in 1899, Pantaenius is an independent insurance brokerage company headquartered in Hamburg, with offices in Kiel, Dusseldorf, Eisenach, and Munich.

    Pantaenius specializes in providing product liability insurance solutions for small and medium-sized companies, including manufacturers and importers of goods from non-EU countries. Currently, there are over 370 product agents in Pantaenius managing nearly 3,000 corporate clients’ portfolios across the country.

    Other liability packages include general business liability insurance, environmental liability insurance, and recall insurance.

    Insurance Scope

    • Personal injury claim coverage
    • Pecuniary loss coverage
    • Property damage coverage

    Type: Insurance broker (Versicherungsmakler)

    Address: Grosser Grasbrook 10, 20475 Hamburg, Germany

    Italy

    Morgan & Morgan

    Founded in 1991, Morgan & Morgan is an insurance broker that provides a broad range of insurance solutions to companies, professionals, and public bodies in Italy.

    The product liability policy of Morgan & Morgan aims at the manufacturers, importers, providers of the goods and services into the European Union. The insured company can also choose additional protection to their business by adding terms that cover the compensation of damage caused by malicious and, or accidental contamination of the product, product disposal, and lost business volumes.

    Product Categories

    • Cosmetics
    • Food and beverage
    • Pharmaceutical products

    Insurance Scope

    • Damage for death coverage
    • Personal injury to third parties coverage
    • Damage to property and materials of third parties coverage
    • Damage resulting from interruption or suspension of activities coverage
    • Withdrawal and seizure of products coverage
    • Product replacement costs coverage

    Type: Insurance broker (Broker assicurativo)

    Address: Viale Carducci, 4, 31015 Conegliano, Treviso, Italy

    Assiteca

    Founded in 2015, Assiteca is a publicly listed independent insurance broker in Italy. The company has branch offices in more than 10 cities in Italy, including Rome, Milan, Cagliari, Genova, Catania, and Verona. Assiteca also has offices in Spain, San Marino, and Switzerland.

    Assiteca’s services include insurance consultancy, broking services, and technical analysis of corporate risks. Assiteca provides product liability insurance that covers compensation for the bodily damage to third parties, material damage to things caused by a defective product, and the cost to repair and replace the goods.

    In addition, Assiteca also provides information and instructions to educate the insured on the articles and policies according to the Consumer Code, Legislative Decree 206/2005 of Italy.

    Insurance Scope

    • Bodily damage to third parties coverage
    • Material damage caused by the defective product coverage
    • Defective products market withdrawal cost coverage
    • Disassembly and reassembly cost coverage

    Type: Insurance broker (Broker assicurativo)

    Address: Palazzo Assiteca, Via G. Sigieri, 14, 20135 Milano, Italy

    Diass

    Headquartered in Naples, Italy, Diass is an insurance brokerage company that was founded in 1984 with branch offices in Rome and Brescia.

    The product liability policy of Diass is suitable for companies engaged in multinational trading businesses in the European Union, covering manufacturers, providers, or retailers of goods or services or whoever puts its name, or trademark on the product.

    Diass compensates for the insured’s losses caused by errors in the conception, or design of the products. It also covers damage caused by the discrepancies of the materials or substances, errors in installation, packaging, or damage occurring after delivery.

    Product Categories

    • Bikes
    • Cars
    • Drones
    • Smartphones and tablets

    Insurance Scope

    • Damages to third parties caused by defective products coverage
    • Withdrawal cost of the defective product coverage
    • Replacement cost of the defective product coverage
    • Prompt help in the event of an accident

    Type: Insurance broker (Broker assicurativo)

    Address: Via del Quirinale, 21, Rome, Italy

    Ireland

    Maher & Richardson

    Established in 1967, Maher & Richardson is a family-run insurance brokerage firm specializing in offering liability insurance, commercial insurance, and business insurance. Maher & Richardson partners with dozens of product insurance companies to provide their liability insurance policies, including:

    • ARB Underwriting (Ireland)
    • AXA Insurance (France)
    • Aviva Insurance (United Kingdom)
    • AIG Insurance (United States)
    • Allianz Insurance (Germany)

    The categories of liability insurance of Maher & Richardson include product liability, public liability, professional liability, and employers liability.

    The liability insurance covers businesses’ expenditure when they have to pay compensation to a client, or member of the public who is injured, suffers an illness or dies as a result of consumption or use of their products. It also covers legal fees spent in defending a claim or other financial loss.

    Insurance Scope

    • Legal costs coverage
    • Injury or damage claim coverage

    Type: Insurance broker

    Address: 7, Northumberland Ave, Dún Laoghaire, Co. Dublin, Ireland

    Martin Insurance

    Martin Insurance is an insurance broker that was founded in 1980 in Ireland. The company mainly provides liability insurance and commercial insurance for companies from the industry of construction, manufacturing, engineering, retail, distribution, technology, and motor trade in Ireland and the UK.

    The products liability insurance policies offered by Martin Insurance cover the compensation cost, legal defense costs when the insured is wrongly accused, and other compensation awarded against the insured by the court.

    According to the information on Martin Insurance’s official website, the company represents more than 40 insurers across Ireland, the UK, and Europe. They are a member of Brokers Ireland, Brokers Federation of Ireland, and Corporate Partner of Engineers Ireland.

    Product Categories

    Insurance Scope

    • Legal costs coverage
    • Injury or damage claim coverage
    • Business interruption losses coverage

    Type: Insurance broker

    Address: Kilmore Business Park, Dublin Road, Cavan, Ireland

    Netherlands

    Allianz

    Allianz is part of Allianz Group, which is one of the largest insurance companies and financial institutions in the world, with a presence in more than 70 countries. The company is strong in non-life insurance products, including product liability insurance for businesses.

    Allianz has a wide range of product liability insurances that are custom-made for manufacturers, producers of raw material or parts, or companies that brand products made by third-party manufacturers. The insured amount of liability insurance offered by Allianz ranges from €1,250,000 to €2,500,000.

    Product Categories

    Insurance Scope

    • Injury to users coverage
    • Damage due to a defect in a product coverage
    • Consequential damage coverage

    Type: Insurance company (Verzekeringsbedrijf)

    Address: Coolsingel 139, Rotterdam, 3012 AG, Netherlands

    Interpolis

    Interpolis was founded in 1969 and is now one of the largest insurance companies in the Netherlands. Interpolis’ product liability insurance packages are suitable for manufacturers, or importers who buy products from outside of the EU.

    The company has also launched an “All-in-One Policy” package for your non-life insurance policies, which covers product liability insurance, and business liability insurance. Customers can purchase all their insurance policies under this package and enjoy a discount of up to 12%.

    Product Categories

    • Toys
    • Electronic products
    • Batteries
    • Household appliances

    Insurance Scope

    • Personal injury coverage
    • Damage to belongings coverage
    • Daily terminable

    Type: Insurance company (Verzekeringsbedrijf)

    Address: Spoorlaan 298, Tilburg, 5017 JZ, Netherlands

    Howden Insurance Brokers Nederland

    Howden Insurance Brokers Nederland was founded in 2013 as an independent insurance brokerage firm. The company provides general and product liability insurances for clients from the industry of retailing, manufacturing, construction, and logistics.

    Howden’s product liability insurance protects clients from claims for personal injury, illness, or property damage arising from products sold by the business. It covers injury or damage claims that are caused by design defects, manufacturing defects, or labeling defects of the products.

    Insurance Scope

    • Injury, illness, or damage caused by defective products coverage
    • Legal costs and damages coverage

    Type: Insurance broker (Verzekeringsagent)

    Address: Veerhaven 7 3016 CJ Rotterdam, the Netherlands

    Portugal

    Lusitania

    Lusitania is an insurance company that mainly provides non-life insurance products. Its services aim at protecting the manufacturer of the finished product, of a component part or raw material, and also of those companies that place their name, brand, or other distinctive sign on the product.

    Lusitania offers product liability insurance that covers injury or damage claims that are caused by design defects, manufacturing defects, or labeling defects of the products.

    Product Categories

    • Fitness equipment
    • Motorcycle
    • Clothing

    Insurance Scope

    • Design defects coverage
    • Manufacturing defects coverage
    • Improper warnings coverage

    Type: Insurance company (Companhia de seguros)

    Address: Rua de São Domingos à Lapa, 35, 1249-130, Lisbon, Portugal

    Pacto Seguro

    Pacto Seguro is a Portuguese insurance broker firm that was founded in 2001. The company provides product liability insurance for manufacturers, importers, and retailers who engage in trading businesses in the EU.

    The product liability insurance guarantees the indemnities that the insured may be legally required to pay for a defective product, including bodily injury in the event of injury or death, or material damage in the event of destruction or damage,

    Insurance Scope

    • Injury or damage claim coverage
    • Legal cost coverage
    • Defense cost coverage
    • Additional claims cost coverage

    Type: Insurance broker (Corretor de seguros)

    Address: Rua José Coutinho, 262, S. Mamede de Infesta, 4465-180, Portugal

    Spain

    Asefa Seguros

    Founded in 1972, Asefa Seguros is a Spanish insurance company that specializes in providing insurance services for the construction industry, including manufacturers, suppliers of construction products, and contractors in Spain.

    Asefa Seguros offers a product liability insurance package that protects the companies’ assets against claims made as a result of the risks caused by defective products or other unforeseeable risks.

    Product Categories

    • Wooden products
    • PVC products
    • Aluminum joinery
    • Roof tiles and bricks
    • Granules
    • Metalwork
    • Locks
    • Natural stone
    • Thermal
    • Insulation systems
    • Carbon fibers

    Insurance Scope

    • Design defects coverage
    • Manufacturing defects coverage
    • Improper warnings coverage

    Type: Insurance company (Compañía de seguros)

    Address: Av. De Manoteras, 32 Building A, 28050 Madrid, Spain

    Singular Cover

    Singular Cover was founded in 2018 in Barcelona, Spain as an insurtech company, which is an online insurance brokerage firm that mainly provides liability insurance and commercial insurance for SMEs and self-employed from leading insurers including Liberty, Allianz, AXA, FIATC, and Previsión Mallorquina.

    Customers can calculate the price of the product liability insurance on the website of Singular Cover in a few minutes and sign an electronic contract remotely.

    Singular Cover allows the users to choose the payment period monthly or yearly. The compensation per claim starts from € 150,000 to € 1,200,000, depending on each policy.

    Insurance Scope

    • Damage or sickness claim arises from poisonings or allergic reactions produced by the product’s coverage
    • Legal defense coverage

    Type: Insurance broker (Corredora de seguros)

    Address: Plaza Pau Vila 1, Edificio Pier01, 1ra planta sector A, Barcelona, Barcelona 08039, Spain

    Sweden

    AIG (American International Group)

    AIG is an insurance company established in 1919 by an American businessman called Cornelius Vander Starr. Today, AIG is a global insurance company operating in more than 80 countries and jurisdictions. The company provides comprehensive insurance services including product liability insurance, general property/casualty insurance, and more.

    AIG began to operate in Stockholm in the 1990s to support domestic and Pan-European business activities. AIG’s product liability insurance, combined with general liability insurance, provides financial protection against claims for damages resulting from personal injury or property damage due to product defects or misoperation.

    For Swedish businesses that operate outside of Sweden, AIG offers insurance policies based on the local standard, complying with local legislation and rules in the countries where business is conducted.

    Insurance Scope

    • Represent the insured in legal proceedings
    • Litigation cost or arbitration cost coverage
    • Damage costs coverage

    Type: Insurance company (Försäkringsbolag)

    Address: Västra Järnvägsgatan 7, 8th Floor, 11164 Stockholm, Sweden

    If P&C Insurance

    If P&C Insurance is a property and casualty insurance company from Sweden, with around 3.7 million customers in Scandinavia, Russia, Latvia, and Lithuania. The company specializes in providing insurance and risk management solutions for domestic and international companies.

    If P&C Insurance’s product liability insurance covers the company’s liability according to the legislation in consumer and B2B trade industries. If P&C Insurance especially sets up an operation center in the US. It consists of specialized underwriters, claims handlers, and lawyers to handle the liability insurance business for importers, exporters, producers, and other parties in the supply chain who engage in the business related to the US.

    In addition, If P&C Insurance also provides product recall insurance, which covers the withdrawal costs of a defective product.

    Insurance Scope

    • Third-party injury or damage caused by defective products coverage
    • Costs of defending claims coverage
    • Recalls expenses coverage

    Type: Insurance company (Försäkringsbolag)

    Address: Barks väg 15, Stockholm, SE 106 80, Sweden

  • Product Compliance Platform

    Product Compliance Platform: Create Certificates, Label Files & Requirements Lists

    Get Your Account Now

    You can also book a free demo (video call) here


    Disclaimer: The content on this website is provided for general information only. The content includes summaries written by our team members based on publicly available information about product safety standards, labeling, documentation, testing, processes, and other product compliance related topics. However, we don’t guarantee that we cover every single relevant regulation/standard/requirement, or that the information is free from errors, or covering every single scenario and exemption. We do make mistakes from time to time. We never provide legal advice of any sort.

    Changes/Updates: Product standards and substance restrictions are subject to frequent updates and changes. In addition, new regulations, standards, and/or requirements may also become effective at any time. We don’t update our articles whenever new standards/regulations/rules are added or changed. We recommend that you consult a lab testing company or other professional to get the latest information about mandatory standards/regulations in your market, country, or state. Lab testing companies generally stay up to date on new and updated standards and regulations.

    National/State-Level Standards/Regulations: Many articles don't cover all European national and US state standards, regulations, and requirements. We recommend that you consult a testing company or other professional to confirm all relevant (and current) national/state level standards and regulations.
  • Leave a Reply

    Your email address will not be published. Required fields are marked *