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Product Liability: Navigating a Restrictive Market

Insurers are facing a growing number of product liability claims in what is becoming an increasingly litigious environment in the UK and Europe. Stricter regulation, a high-pressured economic environment and complex supply chains are only some of the factors driving this trend. As a result, it is often difficult to maintain access to broad and affordable product liability cover. Andrew Catton of Miller Insurance Services LLP explains why product liability insurance is becoming more restrictive for many pharmaceutical, biotech and medical equipment companies, and what organisations can do to maintain affordable cover.
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