noun
product liability insurance
Insurance covering legal liability for injury or damage caused by a manufactured product. A technical legal and business term.
製造物賠償責任保険に加入していない企業は、リコールが発生した場合に大きな損失を被る可能性がある。
Companies that do not have product liability insurance may suffer large losses in the event of a recall.
Refers to the Product Liability Act (PL法), the law itself, while 製造物賠償責任保険 is the insurance product that covers liability under such laws.
Compound of 製造物 (manufactured product), 賠償 (compensation), 責任 (liability), and 保険 (insurance). A modern legal and business term.