What is not covered under a product liability insurance/ exclusions

A products policy is subject to a number of exclusions, including:

• contractual liability
• the cost of recalling, replacing or repairing products supplied
• the cost of rectifying defective work
• unsuitability or failure to perform
• loss or damage to property in the custody or control of the insured
• professional negligence
• liability arising from the ownership possession or use of a motor vehicle, aircraft or water craft
• gradually occurring pollution
• Penalties, fines or punitive damages