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Business Cover

Business Product Liability Insurance

What is business Product Liability insurance?

Product Liability insurance covers your business against claims that are made against products that have been manufactured by your business. The claim could be due to an illness, an injury, a death as a result of your product.

Businesses in any section of the supply chain of providing customers with a product should take out business Product Liability insurance. Whether you are the manufacturer, the suppliers, if you operate the retail of a product you could be faced with a claim. Your business may only operate one section of the supply chain of a product, but you could still be held liable for any faults caused by injury or damage to the end consumer. 

If your business supplies a product which causes injury to a third party due to a fault or defect a Business Product Liability insurance policy is essential to help with covering the costs of compensation.

What does business Product Liability insurance cover? 

It covers the manufacturer's or seller's (often overlooked) liability for losses or injuries to a buyer, user or bystander caused by a defect or malfunction of the product, and, in some instances, a defective design or a failure to warn. This insurance caters for areas of cover not dealt with in a general insurance policy. You will be protected against the following:

  • Manufacturing or production flaws
  • Defective warnings or instructions

If your company provides any products to the consuming public, then your company should consider Product Liability coverage. Contact our team for more details.