Product Liability Insurance
Product Liability Insurance is one form of liability insurance coverage. Companies producing food and beverages often ask for it by name without knowing the full story.
What is Product Liability Insurance?
The most popular form of liability insurance is General Liability. General Liability contains coverage for:
- Premise & Operations
- Products & Completed Operations
Product Liability covers only Products & Completed Operations. Completed Operations refer to operations in which the insured does not make products but assembles or constructs property. Food and Beverage companies make products not completed operations.
Coverage applies to designated products. New products or changes to existing products need to be approved by the insurance carrier. Carefully review terms for cancellation, product changes, coverage trigger and coverage territory.
Do I Need It for My Food or Beverage Business?
Do you need this insurance for your food or beverage company? Weigh the decision carefully as these policies:
- May not offer a significant cost savings
- Will not contain coverage for your locations and operations
- Can be problematic when attending trade shows (no premise coverage)
This type of policy is not written by standard insurance carriers so contact us for more information.
This Insurance May be a Good Fit For:
- Protein Supplements
- General Supplements
- Food/Beverage Importers
- Alternative Sweeteners
- Organic Supplements
- Hemp Based Products
- Nutraceutical Manufacturers