In this blog we aim to provide a very basic Legal context and then highlight some of the common oversights (and suggest insurance solutions) when businesses are faced with a run-off exposure.

Even after a product is i) discontinued or ii) no longer sold in specific Countries (such as the USA), the Seller’s legal liability doesn’t disappear.

If you ask your favourite AI tool, “What does a silent insurance policy wording mean?” you’ll likely get an answer along the lines of:

“A silent insurance policy wording refers to an insurance policy that does not explicitly state whether a particular risk or situation is covered or excluded. In other words, the policy is ‘silent’ on that specific issue.”

M & M Underwriting Limited focuses on providing high-quality Product Liability insurance solutions to UK-based organisations, many of whom have never previously purchased such cover.