Tagproduct liability

What You Need to Know about a Home-based Business Insurance

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If you are a retailer, stylist, or any other small business owner in the beauty industry, chances are that you have done some research on how to best protect yourself and your interests. And if you haven’t yet, then here are a few good reasons why this is something you should be considering: If you work from home, then you are most likely not protected by a business insurance policy. This...

Product Liability: Who’s Liable When You Buy Something That Causes Bodily Injury?

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It’s every consumer’s worst nightmare: you bring something home that was supposed to be safe for your family, and it ends up causing bodily injury. Product liability law protects consumers by ensuring fault manufacturers are held liable when their products injure someone else. The product liability law is designed to ensure people aren’t hurt in accidents caused by a company’s...

How to Prevent a Product Recall and Keep Your Business Safe

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What is Product Liability Insurance?

If you are a product retailer or distributor, then I’m sure that safety is your number one priority. After all, if something goes wrong with a product and someone gets hurt, it’s not just the consumer who bears the brunt of the damage. That’s why prevention planning is so important for businesses like yours! In this article, we’re going to discuss how to prevent product...

How to Choose the Best Insurance Policy for Product Liability Protection

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What is Product Liability Insurance?

It is not enough to know how important product liability insurance is to the financial protection of your business. You also need to be aware that it is equally important to know how to select the best insurance policy for product liability protection for your business; a policy that would cover your interests in the most efficient way possible. It is also important to aim for the most cost...

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...

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...

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...

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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