Product Liability Insurance
Product Liability Insurance – What is it?
Purchasing this kind of coverage will protect an organization of individual if something that you produce or offers may cause damage to a patron/user or their property. A product is defined as anything that may be touched, used, consumer or in other terms tangible. With this policy you will have coverage in the event that one of customers injure themselves, even on accident, with one of your products. Although this may seems like a doomsday kind of scenario, most business owners agree it happens more often then realized.
What may be covered with Product Liability Insurance?
- Assertions of possible property damage or injury to person
- Fees arise from litigation
- Costs that occur from the court system
Who should receive Product Liability Insurance?
There are several individuals and organizations that should consider this sort of coverage. Commonly these organizations and individuals purchase this coverage: toy retailers and manufactures, coffee shops, clothing manufactures and retailers, sporting goods manufactures and retailers, food distributors, other organizations that manufacture and retail products. In general if your daily logistics and operations involve one of your patrons using a product that is branded with your name on it in partnership with your company then this insurance policy is something to seriously consider.
Call Miller Carlisle Insurance Services today to get in touch with a trained and professional representative that can assist you in figuring out the appropriate coverage for your business. There are many scenarios and liabilities to consider that may need insurance in place in an event of something happening. Make sure to have use maximize that coverage within your budget through a quote today!
BUSINESS INSURANCE POLICY EXPERTISE
Builders Risk Insurance
A policy designed to cover buildings under construction.
Business Owners Package Insurance
BOP insurance for the needs of most small businesses, covering: property, liability and vehicles.
Business Interruption Insurance
Critical for a property loss that would potentially close your business.
Commercial Auto Insurance
Covers vehicle’s used for your business.
Commercial Trucking Insurance
Covers hauling goods.
Commercial Umbrella Insurance
When the limits of your general business insurance policy does not provide adequate protection.
Contractor’s General Liability Insurance
For residential and commercial builders, general contractors, construction managers, design and build firms, specialty contractors or subcontractors, owners or public and private construction projects.
Employment Practices Liability Insurance
PLI insurance helps protect you against claims from your employees that result from the general conduct of your business.
General Liability Insurance
Covers owners from claims from a variety of issues.
Hotel / Motel Insurance
Designed to fulfill a wide range of insurance needs for hotels and motels.
Liquor Liability Insurance
A Business Insurance Plan should include a Liquor Liability Policy if you supply, manufacture, or serve alcohol to your customers.
Medical Malpractice Insurance
Medical malpractice insurance covers doctors and other professionals in the medical field for liability claims arising from their treatment of patients.
Product Liability Insurance
Product liability insurance is business insurance that is designed to cover liability of the business for damages caused by a product.
Restaurant & Bar Insurance
The Food and Beverage industry poses a unique set of challenges and risks to owners and operators of Restaurants and Bars.
Special Event Insurance
Insure your special event from unforeseen dangers.
Surety Bonds
A surety bond ensures contract completion in the event of contractor default.
Technology Insurance
Insurance packages tailored to the technology industry.
Wholesalers and Distributors Insurance
Wholesalers and distributors have unique insurance needs.
Workers’ Compensation Insurance
Workers’ compensation is a form of insurance providing wage replacement and medical benefits to employees injured.
