Impaired Property Exclusion – General Liability Insurance

You manufacture widgets. Your widgets go into another product - a blimb - made by your customer. One day your customer calls and tells you that you widgets were not up to spec and that he has had to spend $200,000 to remove the widget and fix it so his blimb worked. He wants you to pay the $200,000. You want your insurance to pay.Sorry. Not … [Read more...]