Protect Your Business with Product Liability Insurance

The Basics of Product Liability Insurance

Product liability insurance is crucial for businesses that manufacture, distribute, or sell products. It offers liability coverage for claims or lawsuits arising from defects or malfunctions in your products that cause bodily injury or property damage. If a product causes harm to a third party—whether a buyer, user, or bystander—this insurance helps cover the costs. It applies to products such as machines, food, medicines, and clothing.

Why Is Product Liability Insurance Important?

Designing, manufacturing, or distributing products comes with risks. Even well-made products can lead to unintended harm. As a business owner, you could face a lawsuit or be required to cover defense costs if a product causes injury or damage.

Having the right product liability insurance is essential for:

• Protecting Your Business: It helps shield your business from the financial burden of legal fees, medical costs, and product recalls.
• Meeting Legal Obligations: Ensures compliance with safety regulations and helps avoid legal issues.
• Covering Defense Costs: Covers defense costs if your business is sued over a product defect, protecting your finances from costly litigation.

What to Discuss With Your Agent

Before purchasing product liability insurance, discuss the following with your agent:

• Your business type and the specific risks involved in your industry.
• The types of products you manufacture, distribute, or sell.
• The volume and market distribution of your products.
• The intended use and target consumers of the products.
• The lifespan of your products and their safety.
• The materials or ingredients used and their risks.
• The clarity of usage instructions and guarantees.
• The insurance provider’s reputation for customer service and claims handling.

Why Choose PDR Insurance for Your Product Liability Coverage?

At PDR Insurance, we specialize in providing tailored product liability insurance for manufacturers, distributors, and retailers. Our expert team helps you secure the liability coverage needed to protect your business from the risks associated with product sales.

Contact PDR Insurance Today

Protect your business with product liability insurance. Contact PDR Insurance today at 801-316-1390 or visit our contact page for a customized quote.