Product Liability Insurance

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What Is Product Liability Insurance?

product liability insurance Product liability insurance helps protect your business from claims that a product you made or sold caused bodily injury or property damage to someone else’s belongings.1 An insurance company may offer this coverage as a standalone policy, but we include it as part of your general liability insurance.
 
Without product liability coverage, your business could have to pay out of pocket for costly claims related to product defects.
 

Why Is Product Liability Insurance for Small Businesses Important?

product liability insurance for small business If your business sells products to customers, you could be at risk of a defect causing injuries or damage to someone else’s property. For example, let’s say a customer buys a power tool that your business manufactures. A defect in the tool ends up injuring the customer, and they sue your business. Your general liability insurance policy’s product liability insurance helps cover:
 
  • The customer’s medical costs to treat their injury
  • Legal fees and costs to defend your business
  • Settlements or judgments made against your business
Without this coverage, you’d have to pay for these costs out of pocket. Not every business has the resources to cover product liability lawsuits.
 

Who Needs Product Liability Insurance?

If you sell products to customers or clients, or if you have a supply chain, having product liability insurance can be helpful. Whether it’s small businesses or larger companies, many industries can benefit from this coverage, such as:
 
An issue at any stage of production can lead to defects that can put your business at risk of a product liability claim. That’s why it’s important to help protect your business with the right type of insurance.
 

What Does Product Liability Insurance Cover?

What is product liability insurance If you have a general liability insurance policy, it can help cover product liability claims related to:
 
  • Design defects that existed before the product was made.
  • Manufacturing defects that occur while the product gets made.
  • Strict liability, which means a customer gets hurt by a manufacturers’ product, even if the business owner isn’t found negligent.
  • Improper warning, which can happen if a business owner doesn’t give a customer enough warning on proper use of a product.
Be aware that product liability insurance isn’t the same as product recall insurance. You’d have to buy an endorsement for your business insurance policy to cover product recalls.
 

How Much Does Product Liability Insurance Cost?

Product liability insurance cost We offer product liability insurance as part of your general liability insurance policy. General liability insurance costs vary between business owners. Some factors that can impact your price include your:
 
  • Industria
  • Lugar
  • Claims history
  • Policy limits
The best way to find your business’ cost is to get a general liability insurance quote. Our specialists can answer your questions and help you get the coverage your business needs.
 
 
1 Product liability insurance coverage may not be available to all classes.
The Hartford shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.
 
The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
 
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Property and Casualty Insurance Company of Hartford, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In Arizona, New Hampshire, Washington and California, the insurance is underwritten by Hartford Accident and Indemnity Company, Hartford Casualty Insurance Company, Hartford Fire Insurance Company, Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Hartford Lloyd’s Insurance Company, Hartford Underwriters Insurance Company, Maxum Casualty Insurance Company, Maxum Indemnity Company, Navigators Insurance Company, Navigators Specialty Insurance Company, Pacific Insurance Company, Property and Casualty Insurance Company of Hartford, Sentinel Insurance Company, Ltd., Trumbull Insurance Company and Twin City Fire Insurance Company. The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including Hartford Fire Insurance Company.
 
The Hartford® is The Hartford Financial Services Group, Inc. and its property and casualty subsidiaries, including Hartford Fire Insurance Company. Its headquarters is in Hartford, CT.
 
* Los comentarios de los clientes son recolectados y tabulados por The Hartford y no representan a todos los clientes.
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