Service Details
Product Liability Insurance provides protection to businesses against legal claims arising from injury or property damage caused by products they manufacture, supply, or sell. It covers compensation costs, legal defense expenses, and settlements resulting from defective or unsafe products.
This policy is essential for manufacturers, distributors, wholesalers, and retailers, helping safeguard their finances and reputation from potential lawsuits and ensuring continued consumer trust in their products.
Frequently Asked Question
A: Any business involved in manufacturing, distributing, or selling products should have this insurance, as they can all be held liable for damage or injury caused by a faulty product.
A: It covers compensation claims for third-party bodily injury or property damage caused by defective products, as well as associated legal fees and court costs.
A: Standard Product Liability Insurance does not typically include product recall expenses, but additional coverage for recalls can often be added as an optional extension.
Service Included
- Third-Party Injury & Damage Coverage
- Legal Defense & Settlement Costs
- Defective Product Protection
- Optional Add-Ons