Bench Error
Definition of "Bench error"
Mistake made during the manufacturing process of a product that results in an inherent defect in the product. This mistake is covered under products and completed operations insurance.
Popular Insurance Terms
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Estate planning device used so that any life insurance policies that are owned by and paid to the trust will avoid estate tax upon the death of the insured, and, upon the death of the ...
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Date at which an insurance policy goes into force. ...
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