Insurance broker / Product liability insurance / Policy wording archive Product liability
Hiscox Shops: the policy wording in full
Betriebshaftpflicht für Online- und Einzelhandel mit Produkthaftpflicht für Herstellung und Handel der genannten Produktarten, auch als Quasihersteller und EU-Importeur, ohne Rückruf und mit Ausschlussliste riskanter Produktarten.
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Everything about this policy
What the policy covers: 60 points, each with its clause
Quotes are shortened.
The full German wording of each point is on the German page for Hiscox Shops.
Basics
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Sum insured per claim for bodily injury and property damage caused by products | as stated in the policy schedule | „Die Leistung des Versicherers je Versicherungsfall ist auf die vereinbarte …“ | VII.7.1, page 15 |
| Annual aggregate (maximum payable per insurance year) | yes | „Die Leistung des Versicherers je Versicherungsjahr ist auf die vereinbarte …“ | VII.7.2, page 15 |
| Deductible for product liability claims | not addressed | ||
| Contract form: standalone product liability policy or module of the general liability policy | no | „Produkthaftpflicht- und Dienstleistungsrisiko“ | I.1, page 3 |
| Insured roles: manufacturer, quasi-manufacturer (own brand), retailer, importer | yes | „Versicherungsschutz für den Versicherungsnehmer und die mitversicherten Personen …“ | I.1, page 3 |
| Trigger: occurrence, act or claims made | yes | „Der Versicherungsfall ist das Schadenereignis, das die Schädigung des Dritten oder des …“ | IV.1, page 12 |
| Territorial scope for delivered products (domestic, Europe, worldwide) | yes | „Es besteht weltweiter Versicherungsschutz, mit der Ausnahme von Ansprüchen, die vor …“ | VI.1, page 13 |
| Deliveries to the USA and Canada (direct or indirect) covered | yes | „indirekter Exporte von Produkten oder Dienstleistungen in die USA oder nach Kanada“ | VI.1, page 13 |
Conventional product liability
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Bodily injury and property damage caused by manufactured or delivered products | yes | „Herstellung und Handel (Einkauf/Verkauf) von und mit Produkten der im …“ | I.1, page 3 |
| Strict statutory liability under product liability law (ProdHaftG, PHG, Spanish consumer law) without fault | not addressed | ||
| Design, manufacturing and instruction defects (manuals, warnings) | not addressed | ||
| Development risk: defects not detectable by the state of the art when put into circulation | not addressed | ||
| Traded goods and parts purchased from third-party manufacturers | yes | „Herstellung und Handel (Einkauf/Verkauf) von und mit Produkten der im …“ | I.1, page 3 |
| Own brands (quasi-manufacturer) and imports from non-EU countries | yes | „besteht auch für Ansprüche aus der Tätigkeit als Quasihersteller und EU-Importeur.“ | I.1, page 3 |
| Damage from completed work and services (installation, maintenance, repair) | yes | „sowie Dienstleistungen (z. B. Beratung und Wartung), die mit den Produkten in …“ | I.1, page 3 |
| Mail order and online sales, including via marketplaces | yes | „Betriebshaftpflichtversicherung für den Online- und Einzelhandel“ | Titel, page 1 |
| Defence against unfounded claims and costs outside the sum insured | yes | „Kosten oder anderweitige Aufwendungen werden hierauf nicht angerechnet. Soweit …“ | VII.7.1, page 15 |
Extended product liability (financial loss)
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Extended product liability for pure financial loss of customers covered | not addressed | ||
| Lack of agreed properties (no bodily injury or property damage required) | not addressed | ||
| Connection, mixing and processing damage (defective product combined with other products) | not addressed | ||
| Further processing and treatment damage at the customer | not addressed | ||
| Removal and installation costs (removing defective and installing defect-free products) | not addressed | ||
| Seller's removal and installation costs owed to the buyer (subsequent performance under section 439 (3) BGB or equivalent law) | no | „auf Nacherfüllung oder Nachbesserung;“ | II.1.1, page 6 |
| Transport costs for defective and defect-free products during removal and installation | not addressed | ||
| Testing and sorting costs (checking products for defects) | not addressed | ||
| Damage from products made with machines supplied by the policyholder | not addressed | ||
| Loss of profit and production downtime of the customer | not addressed | ||
| Deductible in extended product liability | not addressed |
Product recall
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Recall costs covered (recall liability module or standalone) | no | „Ansprüche wegen des Rückrufs von Produkten und der damit in Verbindung stehenden Kosten;“ | II.1.12, page 8 |
| Recall from consumers to prevent bodily injury | no | „Ansprüche wegen des Rückrufs von Produkten und der damit in Verbindung stehenden Kosten;“ | II.1.12, page 8 |
| Recall ordered by authorities (market surveillance) and voluntary recall | no | „Ansprüche wegen des Rückrufs von Produkten und der damit in Verbindung stehenden Kosten;“ | II.1.12, page 8 |
| Recall from business customers and retailers in the supply chain | no | „Ansprüche wegen des Rückrufs von Produkten und der damit in Verbindung stehenden Kosten;“ | II.1.12, page 8 |
| Costs of recall notices (media, letters, hotline) and destruction | no | „Ansprüche wegen des Rückrufs von Produkten und der damit in Verbindung stehenden Kosten;“ | II.1.12, page 8 |
| Costs of crisis and PR consultants in a recall | not addressed | ||
| Recall after malicious product tampering and extortion | not addressed | ||
| Exclusion: recall of motor vehicle parts and accessories (separate automotive recall cover needed) | not addressed |
Exclusions
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Exclusion: aircraft, spacecraft and their parts | yes | „Ansprüche wegen Lieferungen und Leistungen im Zusammenhang mit der Planung …“ | II.1.3, page 7 |
| Exclusion: motor vehicle parts and accessories in extended product liability | yes | „Motor-, Schienen-, Wasser-, Luftfahrzeugen sowie deren Bestandteilen;“ | II.1.2, page 7 |
| Exclusion: medicinal products (statutory pharma cover) and medical devices | yes | „Arzneimitteln, pharmazeutischen Produkten;“ | II.1.2, page 7 |
| Exclusion: products not tested to the state of the art (testing clause) | not addressed | ||
| Exclusion: deliberate deviation from laws, standards or customer specifications | yes | „Ansprüche wegen wissentlicher Pflichtverletzung oder wissentlichen Abweichens von …“ | II.1.9, page 7 |
| Exclusion: damage to the delivered product itself and performance claims | yes | „auf Erbringung der geschuldeten Leistung; auf Nacherfüllung oder Nachbesserung;“ | II.1.1, page 6 |
| Exclusion: contractual guarantees and liability extensions beyond the law | yes | „wegen Garantiezusagen;“ | II.1.1, page 6 |
| Exclusion: punitive and exemplary damages | yes | „Ansprüche wegen Geldstrafen, Bußen, Vertragsstrafen oder Entschädigungen mit …“ | II.1.11, page 8 |
| Exclusion: asbestos, genetically modified organisms and similar substances | yes | „Ansprüche wegen Schäden, die auf Asbest, asbesthaltige Substanzen oder asbesthaltige …“ | II.1.7, page 7 |
| Exclusion: defects in software and data as part of products | yes | „gebrauchten Elektronikartikeln, gebrauchter Hard- oder Software;“ | II.1.2, page 7 |
Obligations
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Requirement of a quality assurance system or incoming goods inspection | not addressed | ||
| Requirement of product monitoring and documentation (batches, traceability) | not addressed | ||
| Turnover reporting as premium basis and consequences of misreporting | yes | „der Versicherungsnehmer verpflichtet, nach Aufforderung des Versicherers Änderungen des …“ | VIII, page 15 |
| Provisional cover for new products and risks after inception | not addressed | ||
| Contractual indemnities, quality and liability agreements with customers covered | no | „soweit der Versicherungsnehmer aufgrund vertraglicher Vereinbarungen auf seinen …“ | II.1.10, page 8 |
| Waiver of incoming inspection by the customer (duty to inspect under section 377 HGB) covered | not addressed | ||
| Deadline to report a claim or an imminent recall | none | „Der Versicherungsnehmer hat dem Versicherer unverzüglich nach Kenntniserlangung …“ | IX.1.1.1, page 15 |
Contract and term
| Point | Rule | Wording (German) | Clause |
|---|---|---|---|
| Retroactive cover for products delivered before inception | yes | „Rückwirkender Versicherungsschutz für vor Abschluss des Versicherungsvertrages …“ | V.4, page 13 |
| Run-off cover for delivered products after business closure or end of contract | yes | „Versicherungsschutz besteht nur für Versicherungsfälle, die dem Versicherer nicht …“ | V.2, page 12 |
| Contract term and notice periods | not addressed | ||
| Premium basis (turnover, payroll, flat rate) | yes | „Soweit die Prämie in Abhängigkeit vom Umsatz des Versicherungsnehmers berechnet wird“ | VIII, page 15 |
| Insurer's right to cancel after a claim | not addressed | ||
| Guarantee of compliance with the association model conditions (GDV, VVO) or better | not addressed | ||
| Innovation or update clause (future improvements apply automatically) | not addressed |
Evaluated by NAMMERT from published policy wordings.
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legally only the wording of your own contract in the edition stated there applies.
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Policy wordings and provider
- Legal entity
- Hiscox SA, Niederlassung für Deutschland
- Distribution
- brokers and direct
- Bedingungen Shops by Hiscox, Betriebshaftpflicht Edition: Shops by Hiscox, Bedingungen 04/2020 Original from the insurer (PDF, German)
Full text of the wording
The full text exists only in German.
It is printed on the German page for Hiscox Shops and available as plain text.
Volltext Hiscox Shops Produkthaftpflicht · As text (Markdown) Hiscox Shops Product liability