Product Liability Insurance

1. What does product liability insurance cover?

Product liability insurance covers claims by third parties alleging that a product you made or sold is defective and caused them to sustain bodily injury or property damage or death.

2. Why do I need product liability insurance?

You need product liability insurance to protect your business if you design, sell, manufacture, or supply products. It covers legal costs and compensation claims, helping you avoid large financial losses.

3. What are the benefits of having product liability insurance?

Product liability insurance protects your business from paying large sums if a product you design, sell, manufacture or supply causes death, injury, loss or damage to property. It covers legal fees and compensation, helping you avoid financial losses and protecting your reputation.

4. What document will I get after buying product liability insurance?

After buying product liability insurance, you will receive a policy document which is a written contract of insurance between the insured and the insurer. It contains terms and conditions of the insurance cover as well as the risks covered. Ensure that you read and understand the contents of your policy document.