Product Liablity
What is it?
Product Liability Insurance offers essential protection for businesses that manufacture, distribute, or sell products. It covers the financial risks associated with claims for bodily injury or property damage caused by products your business is responsible for, helping safeguard your financial stability.
Why is it important?
In today's consumer-driven marketplace, businesses can face lawsuits over alleged defects or dangers associated with their products. Product Liability Insurance is crucial to protect your business from potential financial losses due to product-related claims and legal actions.
What does it cover?
Bodily Injury Claims
Protects against claims for bodily injuries resulting from the use or consumption of your products. It covers medical expenses, legal defense costs, and potential settlements or judgments.
Property Damage Claims
Provides coverage for property damage caused by your products, including repairs and replacement costs.
Manufacturing Defects
Covers claims arising from manufacturing defects that render products unsafe or dangerous.
Design Defects
Protects against claims resulting from inherent design flaws that make products unsafe.
Why Frontier Risk?
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Common Questions
Yes, some Product Liability policies offer coverage for recall expenses, helping manage costs associated with product recalls.
Yes, Product Liability covers legal expenses, including defense costs, settlements, and judgments resulting from covered claims.
No, Product Liability is relevant for any business that manufactures, distributes, or sells products, including retailers and wholesalers.