Product Liability Intro

Product liability insurance protects business owners from the financial losses that may arise from third-party bodily injury or property damage resulting from defects in products that you manufacture or sell. The policyholder can be the product manufacturer, including the producer, processor, or assembler of the product, or the product seller, including wholesalers, retailers, exporters, or importers.

What does Product liability insurance cover?


Product liability insurance provides coverage for the insured's legal liability for bodily injury or property damage suffered by third parties resulting from accidents involving products or goods that the insured manufactures or sells.


The policy also covers arbitration or litigation costs incurred by the insured due to an insurance claim, as well as other necessary and reasonable expenses that the insurer agrees to pay in writing beforehand.