Product Liability Insurance
If your business is sued because a product that you sell, assemble or supply has caused harm to an individual or property, Products Liability insurance can help protect you. Typically, Product Liability forms part of a Public Liability policy.
Who is it for?
Product Liability insurance is recommended for anyone who makes, assembles, grows, promotes or supplies a product.
What does it cover?
- Cost of third party claims: This includes the cost of investigating and defending your business against claims regarding you or your product
- Cost of damages: This includes the cost of damages awarded to a customer in the event that your product was at fault
What doesn’t it cover?
There are some Exclusions where cover is not provided and in addition, there is often a deductible/excess. Limits and Conditions also apply. Please feel free to contact us to find out more.