What is the difference between the exporters buy Product Liability Insurance and the importers buy it?

2017-08-25 10:40慧择网

There are many advantages for exporters of buying Product Liability Insurance:
1.The exporters can control their expenses in the respect of insurance: the importers always deduct the prices in respect of payment of premium and the exporters do not know at all how much they shall pay. It is unfair.
2. It will greatly ensure the exporters’ insurance benefits if they buy EPL themselves: usually the importers are the insured persons themselves when they buy insurance and they will not think anything about the exporters. In this case, only the importers will receive a sum of money, while the exporters or the manufacturers receive none. Besides, the advantage for the exporters of buying insurance themselves is that they can directly get contact with the insurers in every respect of business. They have established very good relations and communications. The claim will be very easily settled in the circumstances.

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