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What Kind of Needs Are Covered by a Insurance Policy for Product Liability?

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A Products Liability Insurance Policy is a specialized type of small business insurance coverage that protects business owners from any damages caused to customers through the process of using such a product after purchase. Product liability is an issue that cuts across almost all kinds of businesses; therefore, they all need to be properly covered by a product liability insurance policy. This...

What’s the Significance of Product Liability and Risk in Your Small Business?

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Without a doubt risk and liability are a very scary but real factor for every retail business. The supplier is also involved in the liability scenario. The supplier of a product may be liable as the manufacturer if he cannot name his supplier or manufacturer. Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to...

Eliminate Your Fears and Doubts about Selling Products with Some Risk

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Today, “risk” is just part of being in business, but you don’t want to be foolish when selecting what types of products you sell. Today we all face areas of liability so you need to be able to sleep at night and know that you are covered from those risks. More than likely if you or a manufacturer sell a product, you could have shopped for business product insurance in the past...

Product Liability Insurance Coverage Tips for the Business Minded

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Today’s business world is much different than in the past when things were a lot simpler and life was less complicated. There were your basic products for everyday living and name brands you came to depend on. Now, there is a vast array of products to choose from all competing for the same consumers, and businesses need to know how to protect themselves in the event of unforeseen circumstances...

How to Know If Your Business Needs Product Indemnity Insurance

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Liability is not a word many sellers and manufacturers like to use or hear in a sentence containing one or more of their products. However, like it or not, product liability is major theme that, whether you make, sell, or lease a product, you should be well aware of. Unfortunately, somewhere along the way in your business, more likely than not, you will be found liable for an injury caused by a...

The Value of Product Liability Coverage to a Manufacturing Business

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As we routinely engage in our daily activities, there are a number of unforeseen risks and circumstances that could occur. Some of these include mistakes that could negatively affect not only our lives but those of other people as well. There is, therefore, an inherent need to guard against such unforeseen liabilities primarily by taking out suitable insurance policies. Fortunately, there are...

Is Your Small Business Legally Covered by Product Liability Insurance?

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Product liability insurance is a requirement for just about all types of businesses. If at the manufacturing level, something is made defective, insurance is needed there. If this defective product works its way through the chain to wholesalers and then retailers, both can be sued too, therefore, it is incumbent upon them to buy product liability insurance too. Product liability insurance covers...

Why Protect Your Business With a Product Liability Insurance Policy

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Product liability insurance goes further than a general liability insurance. While in some instances general liability coverage, offers coverage for product liability, to a certain extent, a product liability insurance coverage specifically protects against damages which a product you supply may cause. Additionally, it provides protection from unforeseen occurrences such as product defects...

The Benefit of Negligence Insurance Protection for Product Liability

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If you are into the product manufacturing business, you must get business insurance for products . This can protect you against damage claims made by people who have been harmed by the products. You can get protection against consecutive damage too. Serial damage is the damage of multiple persons from any defect of a product series. Liability can be reduced with the help of the law. The liability...

Why Imported Products Need Liability Insurance Coverage

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Every month there are many products that are imported from overseas that will be sold to consumers. Many of these products will cause product liability claims and suits. The companies that sell and distribute these products should make sure they are protected with products liability insurance coverage from a good insurance company. A product liability claim can cost a business many thousands of...

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