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Getting your Product Liability Cover Right When Importing

A look at the importance of being properly protected when importing products into Australia.
Do you have the right product liability cover?
  • With such an interconnected world, importing is very common
  • The most importatnt thing to check is that you have Product Liability protection for the products you are bringing into Australia
When you are the "Deemed Manufacturer" and what that means.
  • When you import products from a company that isn't locally represented here in Australia, at law you're the "deemed manufacturer" of those goods
  • It is important to make sure your Product Liability is setup correctly so if a liability arises, you are protected
Importing should be noted specifically on your policy.
  • The better quality Liability policies available note imported products as part of the definition of "Product", however, importing should always to be noted and agreed specifically by your insurer.
General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Shane Brady, Stone Lane Broking & Risk Advisory, ABN 79 640 560 201, AFSL 232987

This article originally appeared on MMSE Blog and has been published here with permission.

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