Question:
What is Product Liability Insurance, and is it necessary for my Business?
Answer
Product Liability Insurance safeguards your business when a product you sell, manufacture, or distribute injures someone or damages property. It's essential for businesses involved in physical goods, especially in retail, manufacturing, electronics, and food sectors
This coverage helps your Business:
- Cover legal fees and compensation if a product causes injury or damage.
- Meet regulatory requirements for product safety.
- Uphold customer trust and safeguard your brand's reputation.
- Handle claims related to design flaws, production defects, or incorrect labeling.
Click here to get a quote, connect with our Business insurance experts, and find the perfect plan for your Business.
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Other Sub Categories
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Property Risks
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Employee Risks
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Claim
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Renewal
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General
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