What Does Product Liability Insurance Cover?
Liability, in general, refers to you or your business being responsible for injuries or other damages to a third-party, in the eyes of law. Product Liability Coverage provides protection in cases where you are held liable due to a product you manufactured or sold. Damages usually covered by product liability usually stem from design defect, manufacturing defect or marketing defect (incorrect labelling and safety warnings).
Any other damages to a third-party, such as slip n falls, would be covered under a separate policy, known as general liability.
Who Needs Product Liability Coverage?
Any business that manufactures or sells a product should, including food, should consider protecting their business with product liability insurance. Some examples of businesses that often purchase this coverage:
- Clothings Stores
- Wholesalers
- Gift Shops
- Dropshippers
- Ecommerce stores
- Retailers
- Wholesalers
- Bakers
How Much Does Product Liability Coverage Cost?
The cost of your insurance policy will be affected by many factors, including but not limited to:
- Type of product sold and associated risks
- Volume of products sold
- Claims history
- Source of suppliers
Getting insured is quick and easy!
If product liability insurance quote is what you need, request a free quote now
Frequently Asked Questions about Product Liability Insurance
What our customers friends say about us
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Zensurance has been the easiest company I’ve ever received insurance from. Simple, painless and responsive, look no further than Zensurance for your company’s insurance needs.
★★★★★
Chris Chan, Dwello
The Zensurance team was responsive, professional, and knowledgeable. Zensurance knew exactly what we were asking for after a few minutes on the phone. I would highly recommend them for liability insurance especially if you’re not sure what you need to protect your business.
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Melissa Kwan, Spacio
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