Key Features:
Coverage for Legal Liability: Includes legal fees, court costs, and compensation claims due to:
- Design defects
- Manufacturing defects
- Improper labeling or instructions
- Failure to warn
What Does It Cover?
Protection Against Third-Party Claims: If a consumer files a lawsuit for injury or damages caused by your product, this insurance handles the financial burden.
- Applies to Many Industries:
- Food & Beverage
- Electronics
- Cosmetics
- Automotive
- Consumer Goods
- Pharmaceuticals, etc.
Who Needs It?
- Product manufacturers
- Importers/exporters
- Online sellers (e.g., Amazon sellers)
- Wholesalers/distributors
- Businesses with private label products
Example Scenario:
A cosmetic brand sells a skin cream that causes allergic reactions in several customers. The company faces a class-action lawsuit. Product Liability Insurance would cover the legal defense costs and settlement amounts, protecting the business from a major financial hit.
Get a Product Liability Insurance Quote
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