Product Liability Insurance
Protect your business from product-related claims and lawsuits with Product Liability Insurance.
Trusted by over 300,000 Canadian small business owners!
Save up to 35% on your insurance
Instant price and coverage in just a few clicks!
Trusted by over 300,000 Canadian small business owners!
Save up to 35% on your insurance
Instant price and coverage in just a few clicks!
Partnerships with over 50 leading Canadian insurance providers
Partnerships with over 50 leading Canadian insurance providers
Why Choose Zensurance?
We help Canadian small business owners save time and money by providing
a convenient and affordable way to buy business insurance.
Convenience
Purchase your insurance anytime, anywhere, with our easy-to-use online platform.
Cost
Compare rates across leading insurance companies to ensure you get the best price on your premium.
Curation
We use data and analytics to identify the right insurance policies for your business.
Claims Examples
Problem: A customer claims a skincare product you formulated and sold to them caused a severe chemical burn.
Outcome: Your client successfully sues for bodily injury. Your Product Liability Insurance covers the medical fees and legal expenses, totalling $85,000.
Problem: A customer claims a malfunction in the toy they purchased from your e-commerce site caused their toddler to choke.
Outcome: The customer successfully sues you for bodily injury. Your Product Liability Insurance covers the legal expenses and costs to recall the product, totalling $134,000.
Problem: Your distribution company is named in a lawsuit against one of your retail suppliers regarding a design malfunction.
Outcome: Your Product Liability Insurance covers the legal expenses and monetary judgment, totalling $330,000.
Product Liability Insurance, Explained.
What is Product Liability Insurance?
Product Liability Insurance protects business owners against claims alleging third-party property damage or bodily injury caused by a product you manufacture, distribute, or sell. It protects your business from damages from design, manufacturing, or marketing defects, such as incorrect labelling and safety warnings.
What is not covered by Product Liability Insurance?
Product Liability Insurance only covers third-party property damages or bodily injuries caused by a product you sell or manufacture. Any other damages to a third-party, such as slip-and-fall injuries, would be covered under a separate general liability insurance policy.
How much does Product Liability Insurance cost?
The cost of Product Liability Insurance will vary depending on the type and volume of products you sell, manufacture, or distribute.
The following factors are typically taken into consideration when determining the cost of your premium:
- Type of Product and Associated Risks
- The volume of Product Sold
- Claims History
- Coverage Limits
- Annual and Projected Revenue
Note: your Commercial General Liability Insurance may not automatically include product coverage. Speak to your broker about customizing your policy to meet your specific business needs.
Who needs Product Liability Insurance?
Product Liability Insurance is recommended for anyone who sells, manufactures, or distributes a product, including food. It is beneficial to online retailers, as well as those operating a brick-and-mortar location.
If you are a member of a distribution chain, ensure all suppliers, manufacturers, and distributors are adequately insured. Please discuss with your broker whether or not you need to add them to your policy. Conversely, make sure you are included as an additional insured on their policies, as you can be held responsible for product liability on their end, too.
If you import or export products outside of North America, verify that the products are compliant with industry standards and that all labels contain the required and appropriate information.
Does Product Liability Insurance cover services?
No, Product Liability Insurance does not cover service-related claims and only covers third-party property damage or bodily injury caused by a product you sell, manufacture, or distribute.
Claims associated with failure to provide a service as advertised, negligence, or misconduct are covered by Professional Liability Insurance, also known as Error and Omissions.
How much Product Liability Insurance do I need?
The amount of coverage you need will vary based on factors such as product type, associated risks, and volume. Speak with your broker to determine the adequate coverage for your specific business needs.
Frequently Asked Questions about Product Liability Insurance
Other Business Insurance Coverage Options To Consider:
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- Great support provided by the Renewal team. Sangki one of the Renewal Manager's was very responsive, listened to my concerns and helped get a very competitive rate whiling getting the coverage we needed.Pedram Varjavandi3/04/2024thanks for consistently prompt and professional service :0)Miramichi House3/04/2024This firm offers great rates with great online services. Their representative, Bernard Albano, was very helpful and diligent with follow-up.Scott Dalsin3/04/2024
- Very please with their service. Prompt responses. Friendly customer service. I’d definitely recommend for your business insurance needs.Ti-Anna Hall3/03/2024I am a CPA, CA and Zensurance made it very easy to get the coverage I need at a very affordable price. Mike Lancaster in particular was very helpful in explaining the policy and what my answers to the questions meant. Highly recommendAaron Herman3/02/2024Helpful and thorough - Adina Bennion at Zensurance guided me to the coverage that fits my business and I got the coverage I was looking for in a smooth process over the internet.Wayne Mitchell3/02/2024
- excellent service... I highly recommend. Jesse was wonderful to deal withCharlene Hooper3/02/2024Quick and comprehensive online insurance quoting. Quick follow up and communication with the team. And competitive offerings and pricing. Would definitely recommend.Tiana R3/01/2024Billy Chang was great to deal with. Quick, honest and reliable. Would absolutely recommend him to friends and family.Dyab Al Nabout3/01/2024
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