Product liability Insurance provides an indemnity to the manufacturers or distributors and/or components is respect of their liability for accidental damage or injury resulting from defects in their products Product liability Insurance also provides an indemnity to manufacturers and others against third party claims for personal injury or damage to property which arise from the purchase or use of product. Ordinary public liability policies concern themselves, in the main with accidents occurring on specified premises. Product liability Insurance policies deal with the liability that may arise wherever the claims arising from the utilization of the covered product manufactured, sold, handled, or distributed by the insured or other trading under his name if the accident occurs after possession has been relinquished to other and away from premises owned, rented, or controlled by the insured.