Quality Products. Quality Coverage.
Product Liability is a growing market. With the increasing number of products manufactured overseas, the exposure to Product Liability has exploded. From appliance distributors to heavy equipment manufacturers, there is a need to protect your insured’s operations both domestically and overseas.
Product Liability insurance usually comes in two forms. Traditional insurance coverage is for the product your client manufacturers (either domestically or offshore) or the product they import from overseas manufacturers. Think clothes, toys, phones, computers or anything that can have a product defect. Large newsworthy cases with punitive damages in the millions of dollars have created an environment where Product Liability is a necessity for any manufacturing or distribution company.
The second type of Product Liability that is emerging is for product recalls. This insurance covers the actual damage to an insured if there is a recall on their product, such as lost income, cost to recall and repair, as well as brand damage.
Coverage We Offer:
- Product Liability
- Product Recall
- General Liability
SAMPLE RISKS INCLUDE:
- Hair Extension Manufacturing
- Bolt Manufacturing
- Furniture Manufacturing
- Diet Supplement Distributor
- Wood Products Manufacturing
- High Performance Racing Products
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