Product Liability Insurance
Product Liability Insurance – What does it cover?
Product Liability Insurance is one of the most common insurance policies to have in place. If your company produces or offers any sort of product and it causes damage to a customer on their property, it will cover the liabilities held against you. For example if there is an accident or injury due to your product, the liability held against your company will be covered, which can be very costly. Typically this may seem like an “it will never happen to me” kind of protection but you would be surprised on how frequent these claims arise.
What is included with Product Liability Insurance?
• Claims of injury to an individual or damage to property
• Litigation fees and expenses
• Expenses that may arise from the court system
Who is Product Liability Insurance for?
It is common for many companies to consider purchasing this kind of insurance. Typically the nature of business that considers purchasing this insurance are coffee shops, restaurants, bars, clothing manufacturers and retailers, toy manufacturers and retailers, food distributors and other companies that retail products or manufacture goods. If your company finds itself on a daily basis involved with customers using a product that has your company branding on it then it is a good idea to purchase this policy.
Contact Hockley & O’Donnell Insurance Agency today to have an insurance representative assist you in finding the best rates from the top 50 insurance agencies in the nation. We strive to offer the best customer service and always make sure that our clients have the right amount of coverage for their specific needs. Give us a call or email us today to see how much money you can save with Give us a call or email us to see how much money you can save through Hockley & O’Donnell Insurance Agency.