How far does product liability indemnity for economic loss extend?
At the heart of a typical product liability policy is the embedded concept that the policy responds to injury to tangible property and its consequences. However, recent UK claims have tested whether product liability indemnity extends to damages for loss of profit arising from the loss of contracts.
In this update, W+K product liability specialist Robin Shute examines the issue of how far product liability indemnity for economic loss extends, which remains unresolved in Australian law.
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