CGL Insurance
Commercial contracts have to be given due respect by both parties involved. But it is often seen that a third party gets involved in litigation and the end seller gets sued by a third party or end-user. Which is a costly affair. How this happens we do not know but we land in trouble for our product or service which we delivered long ago. Take the case for example One of the exporters based in Delhi used to export shoe soles to a US-based client in early 2010. The business was growing all commercial terms were followed in spirit by both parties. The long business association gives the confidence to move forward. Finished goods were made as per plan and sold to the end-user. One of the end-user used it in a fashion show, a small accident occurred in the how made her take a rest for a long time. Which caused her financial losses due to her nonworking condition of her. She sued the company which manufactured the shoe. While the case was in progress it was found that...