How Does Product Liability Insurance Relate to a General Liability Policy?

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Product liability insurance policies and general liability insurance policies are commonly referred to business owners as necessary components for startup.

What’s the difference, though, and how does the coverage work together?

Most business product liability insurance policies can be purchased by themselves, independently of a general liability policy.

Most of the time, however, it doesn’t cost much more to get the more expansive general liability insurance, which happens to include some product liability protection.

Clearly, it’s in the best interest of the business owner to get general liability insurance if they can afford the slight increase in price since the business would be protected in multiple areas in addition to product liability.

Why Imported Products Need Liability Insurance Coverage

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 dollars and even million dollars but a small product liability insurance policy will cost just a few thousand dollars.

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