Tagproduct liability

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...

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...

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...

A Look at How Product Liability Coverage Works and Who Needs It

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Product liability coverage is a type of liability insurance that is vastly misunderstood. Who needs product liability coverage?, who does it protect?, how are claims filed?, and what type of claims are filed? are all questions that are commonly asked. Most businesses wind up taking out a general business liability policy, and while those do usually have some product liability coverage, some...

What The Average Person Knows About Product Liability and Coverage

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When I ask the average person what they think about product liability insurance, the response I get usually is something like, “Go look it up on the internet – I don’t know!” While it can be something that the average person doesn’t understand or doesn’t know much about, a product liability insurance policy can be one of the most important things a business...

The Best Way to Protect Yourself from Damage Claims?

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If you are a manufacturer, having business insurance for products can be great protection for you and your business. The term product liability refers to the liability for damages or negligence against the manufacturer. This is for damages arising out of the end-users due to a defective product. It is in the Products Liability Act of most countries. This act covers the fault-based product...

One Way To Tell If Your Business Needs Insurance for Product Liability

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Most businesses that sell products know that they might have product liability issues surface in the future, but few understand if they need liability insurance, or what type of liability insurance to get. Business liability insurance does usually have some product liability coverage, but some businesses will actually need a policy specifically for product liability. One way to evaluate whether...

The Need of Products Liability Insurance Claim Protection for Businesses

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The basic Insurance policy for product liability claim issues is what is called product liability insurance. A lot of business owners are now aware of the many issues that can result from the problem of product liability (that is, issues like faulty products or one with defects). As a result, they have taken appropriate measures to secure their business by getting this product liability insurance...

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