In today’s litigious society, many claims are filed against organizations for products suspected to be defective and that may cause harm to the consumer. Product Liability lawsuits have the dubious distinction of having the largest lawsuit plaintiff awards.
Product Liability coverage insures your organization against losses stemming from a product you manufacture, wholesale, retail or represent that inflicts damage to another individual or their property. Most businesses should have coverage if they manufacture, wholesale, retail or represent anything tangible. It is a particularly necessary form of coverage for organizations involved in food items (including nutritional supplements), children’s items, clothing, medical devices and items that can seemingly cause injury or loss.
As with other areas of our organization, we have specialists that are familiar with the specific nuances of Product Liability Insurance. Please contact our office or complete and remit the following Product Liability Insurance Application for an accurate quote.