Product Liability Insurance
What is Product Liability Insurance?
Product liability covers bodily injury and property damage, to third parties, due to a product.
May not cover:
- Business Premise (owned or rented)
- Business Operations
However, product liability can vary and needs to be evaluated on a case by case basis.
Coverage will apply to products designated by the policy and may even apply to a particular vendor.
Although a useful feature, monitor product and vendor changes closely so your insurance stays up to date.
Deductibles take two forms:
- Per Claim deductibles apply to all claims filed. One occurrence will trigger multiple deductibles.
- Per Occurrence deductible is triggered for all claims resulting from a single occurrence.
May be a Good Fit For:
- Food/Beverage Importers
- Alternative Products
- Hemp Based Products
- Nutraceutical Manufacturers
- CBD products
- Energy Drinks