If you provide products to your customers, it’s important to protect your business against claims of damage or injury that may arise from these products. Product liability insurance is often included in our industry-specific business insurance packages.
These packages are tailored to meet the unique requirements of your business. As well as product liability insurance, for complete coverage you may also include public liability insurance and professional indemnity insurance cover.
What is Product Liability Insurance?
Product liability insurance, also known as general liability is usually included as part of a public liability insurance policy. It is designed for professionals who supply products to their customers or to members of the public.
Product liability insurance protects against claims of personal injury or property damage caused by products sold or supplied through your business. It is designed to help protect your business by ensuring that if this happens, you don’t have to pay any legal or court costs.
Do I need Product Liability Insurance?
Product liability insurance is recommended for any business that supplies products. Even with products that appear entirely safe, there’s always the potential for something to go wrong – and accidents do happen. Claims of personal injury or property damage arising from product use (or product failure) can be incredibly expensive, and even if you’re not at fault, you may still incur considerable legal costs while defending yourself.
Product liability insurance safeguards your business by providing cover against such claims, including legal defence costs. So you can confidently go about your work, knowing that your protected if something goes wrong.
Cover all the essentials*
It’s important to choose a product liability insurance policy that protects your business in case you supply a product that malfunctions, fails or causes harm.
With our product liability insurance products, you can be confident that you’re protected against a wide range of scenarios, such as:
- Damage caused by software that you supply
- Injury caused by equipment that you supply
- Illness caused by food, beverages or vitamins that you supply