Product Liability Insurance
If your business either is involved in the manufacture or sale of products, or both for that matter, then it is you that is responsible for their quality and any issues that may arise about them when you have sold them. In fact, to be quite clear on the matter, if one of your customers suffered an injury or death or their property were damaged then you can be held responsible from a legal perspective if you had sold or manufactured the product.
This could mean that you might be sued for potentially substantial damages even if the problem was not directly your fault. You could also be held liable in other instances such as if your business repaired or altered a product that subsequently proved faulty or if the name of your business was on the product.
Product Liability Insurance could cover costs and expenses in relation to any claim made by a customer in respect of the above thus relieving your business of a possible significant financial burden.
If the fault had been that of the manufacturer and not you then you could commence legal proceedings against the manufacturer with a view to seeking recompense from that source and Product Liability Insurance could cover that situation.
Here at Shop Insurance Direct, we would be pleased to help arrange for you to receive a Product Liability Insurance quote without any obligation.