Product Liability Insurance

When you own a business that makes, sells or distributes products, there may be a risk of that product having defects or flaws that could cause injuries or property damage. To help cover your business from claims that your product harmed a third party, it’s essential to have product liability insurance. 

What Is Product Liability Insurance? 
Product liability insurance is designed to help financially protect a business from claims that a product they made, sold or distributed caused bodily injury or property damage to someone else. Product liability insurance can be a standalone policy or included in a general liability policy. 

What Does Product Liability Insurance Cover? 
Product liability insurance may help cover claims of physical harm or damage caused by the product related to the following: 

• Design flaws inherent to the product
• Product defects that occurred while it was made
• Inadequate instructions, labels and warnings
• Third-party injury even if the business owner who made, sold or distributed didn’t act negligently 

Who Needs Product Liability Insurance? 
Most businesses that offer any product should have product liability. This includes small companies, large corporations, manufacturers, retailers, wholesalers and distributors. An issue can arise during any stage of production or distribution, so businesses need adequate coverage. Without product liability insurance, a business would have to pay for a costly claim out of pocket. 

Where Can You Get Product Liability Insurance? 
If you need product liability insurance, contact Bruening Insurance Agency. Our agents strive to make the insurance selection process valuable, timely and informative. We can help you get the coverage you need.