If one of your products harms a customer in any way, they can sue your business, leading to costly legal fees and settlements. These costs can easily reach six figures. While you may do everything in your power to ensure your products are safe, mishaps can still occur without warning. That’s why to protect against claims and ensure the longevity of your business you need product liability insurance.
Product Liability Insurance
Your customers expect you to have safe and reliable products, and failing to meet these expectations can lead to huge financial losses.
Some key benefits for having Product Liability Insurance include:
- Coverage for Manufacturing or Production Flaws
- Protection Against Design Defects
- Response for Packaging and Warning Issues
- Supplemental Commercial General Liability Coverage
Want to Learn More About Product Liability Insurance?
Product Liability is a complex exposure and managing your risk can be a major undertaking- even if you have access to all the right resources. To supplement your risk management strategies and address specific exposures, call our office to speak with a insurance professional.
