Product Liability Insurance

Product Liability Insurance

• By Operations
• last updated 02/11/2016
• +

Product Liability Insurance covers the cost of compensating anyone who is injured by a faulty product that your business designs, manufactures or supplies.

For who?

You should consider product liability insurance if your business designs, manufactures or supplies a physical product that is sold or given away for free.

You can be held liable for faulty products even if you did not manufacture them. You may be liable for compensation if:

• ) your business’s name is on the product.
• ) your business repairs, refurbishes or changes a product.
• ) you imported the product from outside.