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Public Liability

Public Liability

Truly multinational companies, with global manufacturing and distribution networks, demand a more consistent approach towards product liabilities around the world.

Specifically in the petrochemical sector the major exposures are likely to arise from downstream manufacturing and other onshore operations. The potential risks here are high because they frequently involve the supply of intermediate products, where there is often little or no control over eventual usage.

Exposures can be minimised with greater risk management, but no strategy is infallible and claims will continue to arise in the areas of product liability, product guarantee, product recall, malicious tamper and brand name protection.