Businesses that manufacture, distribute, import, or sell products can face financial and legal risks if a product allegedly causes bodily injury or property damage.
Even when a company takes reasonable steps to maintain product quality and safety, a product-related claim can lead to significant defense costs and other expenses.
Product liability insurance is designed to help protect businesses against certain claims arising from products they make, distribute, or sell.
Depending on the policy, coverage may help with eligible legal defense costs, settlements, or judgments, subject to policy terms, limits, deductibles, and exclusions.