Efficacy Insurance is designed to cover the failure of an item to perform its intended function. Efficacy insurance is often purchased as an extension to Products Liability or Public Liability insurance. If you want advice or a quote call us on 01905 21681 or send us an email.
Efficacy insurance is commonly required by businesses involved in the manufacture, service, supply or installation of performance critical products such as fire alarms, emergency lighting, brake systems, intruder alarms, temperature controls, fluid controls, fire extinguishers, etc. Most standard Public Liability and Products Liability policies will exclude efficacy cover, so it is essential that you check that you have the correct level of cover your business requires.
Trades involved with fire, security or electrical contracting will often have to prove they have efficacy cover before they are granted a contract.
If your business provides consultancy, advice, testing or designs you may also need Professional Indemnity insurance.
If you believe the failure of your product could have far reaching consequences then please contact us for a quote or call 01905 21681.
Act now! Call us on 01905 21681 to get your insurance needs met