Personal Products

Product liability

Generally responds to injury and property damage claims tied to the design, manufacture or warnings of a personal product.

Can include injury to people, damage to property and product defects

Product recall

May pay to withdraw a personal product found contaminated, mislabeled or unsafe, plus the public relations effort that follows.

Can include cost of recall, business interruption, cost of replacements and crisis response

Professional liability (E&O)

Can pay defense costs and settlements when a client claims a mistake in the advice or services a personal products business provides.

Can include professional error, cost of defense and settlements and court awards

Extended warranty

Typically funds repair or replacement of a personal product that breaks down after the manufacturer’s warranty expires.

Can include mechanical or electrical breakdown, labor and parts, damage by accident and interim replacements

Product replacement

Generally reimburses the purchase price or repair cost of a personal item that is damaged, defective or stops working.

Can include damage by accident, mechanical faults, electrical faults and warranty extension

Cyber

Often covers breach response, credit monitoring for affected customers and the liability claims that follow a cyber incident.

Can include breach response, business interruption and security failure liability

Intellectual property

Can respond to allegations that a product, its name or its design infringes someone else’s trademark, patent or copyright.

Can include patent rights, trademark rights, copyright and trade secret rights

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.