Liability Insurance

Product Liability


Businesses selling or manufacturing products should be protected in the event of a person becoming injured as a result of using their product. Hence product liability insurance protects such company against lawsuits from product-related injury or accidents.

The risk associated with this policy does not end with production. It is a phenomenon that continues even after the production. If a third party gets injured because of insured’s product, the producer would be liable to pay the damages.

Scope of cover

It covers all the damages that may arise due to the defects in the product specifically accidental death or disease or injury caused to the third party due to any defect in the product.


Some of the basic exclusions are damage or loss:

  1. The recall of any product or any part thereof.
  2. Any accident arising out of the deliberate, willful or intentional non-compliance with any statutory provision.
  3. The breach of plans, copyrights, patents, trade names, trademarks or registered designs.

An overview

Nyala Insurance Share Company (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994. Read more...


Apart from its major investments in real estates in the downtowns of Addis Ababa, Bahir Dar and Nazareth, Nyala Insurance selectively invests in various financial institutions like Dashen Bank, which have potentially high investment returns. Read more...


Contact us

Protection House, Mickey Leland Street

Tel: +251-11-6626679/80/76