Product Liability Insurance
Product Liability Insurance
Product Liability Insurance protects manufacturers, distributors, suppliers, and retailers against legal and financial liabilities arising from injuries or property damage caused by defective or faulty products. It ensures businesses are protected from claims related to design defects, manufacturing flaws, or inadequate usage instructions.
What Our Product Liability Insurance Covers
• Compensation claims for bodily injury caused by defective products
• Coverage for damage to third-party property due to product failure
• Legal defense and settlement expenses
• Protection against claims arising from manufacturing, design, or labeling defects
• Coverage for customer lawsuits related to product safety issues
Conclusion
Product Liability Insurance is essential for businesses involved in producing or selling goods. It safeguards financial stability, protects brand reputation, and provides peace of mind by managing risks associated with product-related claims and legal challenges.
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