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.

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. 

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.