What Is Product Liability Insurance?
- You have recommended a product that has caused injury or damage
- You have sold a faulty product with your business’s name on it
- Your business has produced a defective product that injures someone or damages their property
- Your company has a repaired, refurbished, or changed a product that goes wrong and causes injury or damage
How Much Cover Do You Need?
The level of protection you will need will depend on several factors, such as:
- The size of any potential claims
- The type of products you create, build, sell, use, repair, or recommend
Most insurers will offer protection of up to £10m plus legal cost cover of up to £100,000. An excellent way to find out what you need is to contact your local Coversure office, and they can build a policy around your needs.