product liability

What is it?
What is it?
Product Liability Insurance is a type of coverage that protects businesses against claims arising from the manufacturing, distribution, or sale of products. It is designed to provide financial protection in case a product causes bodily injury, property damage, or other losses to consumers or users.
Why do you need product Liability?
Legal Defense Costs
Medical Expenses

Property Damage Costs
Manufacturing and Design Defect Claims

Who would benefit?

particularly important for businesses involved in the production, distribution, or sale of physical goods. It helps protect businesses from significant financial losses resulting from product-related lawsuits, while also providing reassurance to consumers that they are covered in the event of harm caused by a product.

  • Manufacturers
  • Distributors
  • Retailers
  • Wholesalers
  • Online Sellers
  • Importers and Exporters
  • Contract Manufacturers
What is Covered?
  • Bodily Injury Coverage
  • Property Damage Coverage
  • Legal Defense Costs
  • Settlements and Judgments
  • Manufacturing Defects
  • Design Defects
  • Inadequate Warnings or Instructions
  • Recall Expenses
Who is covered?
Product Liability Insurance typically provides coverage for the following parties: Manufacturers, Distributors, Importers and Exporters, Retailers, Suppliers and Component Manufacturers and Contract Manufacturers.
What is Excluded?
(examples of exclusions – not meant to be exhaustive)
  • Professional Services
  • Intentional Misconduct
  • Contractual Liability
  • Known Defects
  • Intellectual Property Claims
  • Contractual Liability for Warranties